- General
- July 23, 2019
- 3 minutes read
Fetch Robotics Raises $46 Million Series C
Fetch Robotics CEO Melonee Wise image: RISE on Flickr Fetch Robotics, a Silicon Valley-based maker of warehouse robots, has raised…
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| Fetch Robotics CEO Melonee Wise
image: RISE on Flickr
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Fetch Robotics, a Silicon Valley-based maker of warehouse robots, has raised $46 million in Series C funding led by Fort Ross Ventures, with participation from both new and existing investors, including Softbank Capital, Sway Ventures, Shasta Ventures, Zebra Ventures, TransLink Capital and more. This funding included, Fetch Robotics has now raised $94 million since inception.
Fetch Robotics says it’ll funnel the new funding towards international expansion, ongoing R&D, and acceleration of customer demand. “Customers have responded enthusiastically to our unique Cloud Robotics solution, and we’re responding by securing the funds we need to continue growing and enhancing our offerings,” CEO Melonee Wise said in a press release.
“The competitive pressures for excellence in logistics have never been greater. Our Autonomous Mobile Robots and cloud platform enables our customers to meet their customers’ demands while meeting their own financial objectives.” she said.
Fetch Robotics produces robots used in warehouses that help with material handling and inventory management. Fetch’s robots are capable of finding, tracking and moving goods around distribution, fulfillment, and manufacturing centers. Its robots work together with human operators to drive efficiency and productivity.
Wise who leads Fetch has some good expertise in the robotics field. In addition to holding bachelor and master degrees in Mechanical Engineering [according to her LinkedIn profile], she had previous stints at Honeywell Aerospace, Alcoa, Willow Garage and Unbounded Robotics [which she co-founded].
