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AxleHire Raises $20 Million, Aspires to National Network April 9, 2021 AxleHire, a last-mile solutions company that powers delivery for startups like HelloFresh, Deliverr, Freshly and Pet Food Express, has closed a $20 million Series B round aimed at increasing its sortation capabilities, expanding its network of hubs and continuing to expand into general ecommerce. The funding round was led by Ajax Strategies with participation from Eclipse Ventures, Quiet Logistics, Bee Partners and Acorn Pacific Ventures. Representatives from Ajax, Eclipse and Greenfield Partners will join AxleHire’s boa...

Rapid Robotics CEO Jordan Ruddick (left) with the Rapid Machine Operator. Photo Credit: Rapid Robotics On April 6 Rapid Robotics (San Francisco, Calif., U.S.) announced $12 million in Series A funding led by New Enterprise Associates (NEA), with existing investors Greycroft, Bee Partners and 468 Capital also participating. The latest investment brings Rapid Robotics’ total funding to $17.5 million, with Rapid’s solutions producing more than 50,000,000 parts over the past year across almost every industry sector including plastics, metals, medical devices, automotive, pharma, semicondu...

Axlehire Last-mile-delivery startup AxleHire specializes in perishables like meal kits and luxury pet food. It raised $20 million in a Series B round, bringing its total funding to $37 million. AxleHire benefited tremendously when UPS and FedEx turned away packages last year, its CEO said. As companies like UPS and FedEx dealt with the pandemic-induced boom in e-commerce, delivery delays became the norm — and a disaster for time-sensitive food shipments. Any company that could help navigate the myriad supply-chain disruptions stood to win big — and the San Fr...

Rapid raises $12M for its manufacturing robotics Bay Area-based Rapid Robotics today announced a $12 million Series A. The new round, led by NEA, brings the company’s total funding up to $17.5 million. It joins a recently closed seed round, announced way back in November of last year. Existing investors Greycroft, Bee Partners and 468 Capital also took part in the round. We noted at that stage that COVID-19 had a sizable impact on robotics investment. At the very least, the pandemic has served to accelerate interest in automation, as many “non-essential” workers have been unable to trav...

Iris Automation According to a story by DroneLife.com, Iris Automation has announced $13 million in Series B funding.  Iris develops advanced detection systems that bolster Detect-and-Avoid (DAA) capabilities which, in turn, enable safer commercial drone operations. The basic components of Casia, a camera and a computer, can be configured based on operational requirements with additional cameras to create 360-degree situational awareness.Iris Automation “We see explosive demand in energy, agriculture, construction, security and logistics for long-range and remotely operated drones," says...