Robotic vision startup Plus One raises $33M yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Robotic vision startup Plus One raises $33M
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.
Plus One Robotics raises millions in funding led by Silicon Valley, Canadian VCs bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
San Antonio robotics company Plus One is expanding
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Zohair Naqui checks the positioning of lights over a machine as Plus One Robotics employees work on tuning operations of warehouse robots on April 16, 2020.Tom Reel, San Antonio Express-News / Staff photographer
A San Antonio company that helps robots “see” is looking to expand after raising $33 million from investors.
The funding round is the latest win for Plus One Robotics after strong business growth throughout 2020. This year, it doubled the size of its Port San Antonio facilities.
McRock Capital of Calgary, Canada, and TransLink Ventures of Silicon Valley co-led the round. Additional out-of-state funding came from BMW i Ventures of California and Kensington Capital Partners, also from Canada.
Despite small decline in deals, Waterloo Region remained a healthy startup ecosystem in 2020
Waterloo Region startups raised $689.6 million for all of 2020 up 107 percent over 2019, according to Hockeystick’s latest ecosystem report for the region.
The overall funding was driven by three notable deals in the region, including Faire, which raised $222 million, Miovision, which raised $120 million, and ApplyBoard, which raised a $100 million Series C in May 2020 and a $70 million extension following investor interest five months later. ApplyBoard and Faire also represented two sectors that saw a boom as COVID-19 forced businesses to embrace online services: retail and EdTech.
Wholesale marketplace Faire, which is headquartered in Silicon Valley with an office in Kitchener, managed to push the marketplace vertical to the top of funded areas, followed by SaaS, healthtech, analytics, and AI. Even with Faire’s $222 million round removed from the quarter’s tota