San Antonio-based Plus One Robotics today announced a $33 million Series B. The round follows an $8.3 million Series A announced in 2018 and brings the company’s total funding to north of $40 million. The round, led by McRock Capital and TransLink Ventures, features BMWi Ventures, Kensington Capital Partners and Ironspring Ventures, along with existing investors.
Launched in 2016, the company is primarily focused on computer vision software for robotics in logistics and warehouse settings -- clearly a hot category as more companies look to automate their back end. Specifically, the system is designed to be adaptable to a wide range of robotic arms and grippers, which tend to fill different needs for the end user.
The company plans to use the funding to expand operations internationally to keep up with the accelerated demand for robotics. The system also allows for group management, controlling up to 50 robots at once.
“We are excited to grow alongside our clients here and abroad. Like our clients, our investors have a global footprint representing Asia and the EU as well as North America,” CEO and co-founder Erik Nieves said in a release tied to the news. “This potent combination sets Plus One on a course to continue growing our international installed base.”
The round also finds Whitney Rockley of McRock Capital and Toshi Otani of TransLink joining Plus One’s board.