RightHand Robotics (RHR), a Somerville, MA-based provider of integrated robotic piece-picking solutions, secured $23m in Series B funding.
The round was led by Menlo Ventures, with participation from GV (formerly Google Ventures) and existing investors Dream Incubator, Matrix Partners, and Playground Global. In conjunction with the funding, Mark Siegel, Partner at Menlo Partners, who will be joining RightHand’s Board of Directors, along with Mick Mountz, founder and former CEO of Kiva Systems.
The company intends to use the funds to expand business and technical teams and broaden its suite of product applications.
Founded in 2014 and led by Leif Jentoft, RightHand Robotics provides a platform, which allows retailers to deliver individual goods directly to consumers when and where they want. RightPick is a software-driven, hardware-enabled solution that handles the core task of picking and placing individual items as part of a wide range of workflows and processes. With RightPick, businesses can reduce the cost of order fulfillment in electronics, apparel, grocery, pharmaceuticals, and many other industries.
FinSMEs
18/12/2018