On-demand automation provider gets funding boost
Fetch Robotics announced a Series C round of funding of $46 million. Fetch Robotics has raised $94 million to date.
The funding will be used for international expansion, to meet accelerating customer demand, and for R&D.
Fetch combines mobile robotics with the Fetch Cloud Robotics Platform for warehouse and fulfillment operations.
Melonee Wise, CEO of Fetch Robotics says: “The competitive pressures for excellence in logistics have never been greater. Our Autonomous Mobile Robots and cloud platform enables our customers to meet their customers’ demands while meeting their own financial objectives.”
{EMBED(1118624)}
“Flexibility in operations is a top priority for warehouse operators today,” said John Santagate, Research Director at IDC. “Traditional automation technology lacks the ability for rapid deployment, scalability, and flexibility that modern robotics are enabling. On top of the physical element of modern robotics, development of cloud-based applications to enable robotics has greatly enhanced the ability to rapidly and efficiently deploy robotics at scale. The cloud robotics approach at Fetch is something that is enabling warehouses to rapidly realise the benefits of robotics and making it easier for companies to deploy and use robots in their operation.”
The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures. All existing investors – O’Reilly AlphaTech Ventures, Shasta Ventures, Softbank Capital and Sway Ventures – also participated in this round.
