RightHand cashes in on the white-hot warehouse robotics area with a $66M elevate – TechCrunch


COVID, provide chain points, labor shortages, Amazon. Take your choose. The explanations for getting enthusiastic about logistics robotics are quite a few and rising. RightHand Robotics had already amassed its share of buzz properly earlier than this complete pandemic factor actually accelerated issues, elevating a good quantity from traders like GV, Menlo and Playground World over a collection of rounds.

And in contrast to loads of newcomers, the Boston-based agency has already logged loads of real-world hours for its choose and place programs. Most up-to-date of the bunch is the RightPick 3, which counts Japanese wholesaler Paltac and European pharmacy apo.com Group amongst its worldwide shoppers.

This week, the corporate introduced a $66 million Collection C. Led by Safar Companions, Thomas H. Lee Companions, L.P. and the SoftBank Imaginative and prescient Fund, the brand new spherical places the corporate’s funding to this point simply shy of $120 million. GV and Menlo are returning for the spherical, as properly, joined by Zebra Applied sciences, Epson, World Mind F-Prime Capital, Matrix Companions and Future Form (Tony Fadell’s agency).

Zebra’s an fascinating companion right here. Along with its personal in-house robotic stock choices, the corporate acquired warehouse robotics startup Fetch for $290 million midway by way of final yr.

“Zebra Applied sciences has been an lively investor and resolution supplier to assist companies globally digitize and automate their provide chains and increase front-line employees,” says Tony Palcheck, managing director of the enterprise firm’s Zebra Ventures wing. “For purchasers throughout the consumer-packaged items, retail, logistics and different industries, fulfilling orders with larger velocity, accuracy, security and price financial savings is vital, and RightHand Robotics helps obtain these efficiencies.”

Funding will go towards the standard issues: hiring, getting extra workplace area and additional scaling globally.

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