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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/07\/plusone-raises-50m-for-its-parcel-robotics-vision-systems\/<\/a><\/br> Another industrial automation firm is bucking VC slowdown, as Plus One Robotics<\/a> this morning announces a $50 million raise. The Series C brings the San Antonio-based firm\u2019s total funding up to $94 million to date (including a $33 million Series B<\/a> back in 2021). Scale Venture Partners led the round, which also features participation from Top Tier Capital Partners, Tyche Partners and ROBO Global Ventures.<\/p>\n The bulk of the funding is slated for sales expansion,\u201d founder and CEO Erik Nieves tells TechCrunch. \u201cSince our inception, we have punched above our weight when it comes to sales; our team is small but has managed to win the major accounts in this space. This cash infusion means we can double down on our success and have more account managers onboarding new customers. As always, a portion of the cash is earmarked for product development.\u201d<\/p>\n The continued interest is due, in part, to the vertical. Warehouse\/logistics remains the biggest category for automation expansion. Interest in automation that was spurred on by the beginning of the pandemic has arguably only grown in the face of an ongoing labor crunch and supply chain constraints.<\/p>\n Plus One specifically operates on the logistics side of the equation \u2014 an industry that never had an opportunity to slow down. If anything, shipping and package delivery became a kind of lifeline for people who suddenly found themselves isolated from the rest of the world. Nieves points to the essential nature of the clients it serves as a key to a relatively quick raise during a global economic downturn.<\/p>\n
\nPlus One raises $50M for its parcel robotics vision systems<\/br>
\n2023-03-08 22:56:27<\/br><\/p>\n