The funds will be used by the company to boost its product and business development efforts, in addition to scaling its global presence and partner network
RightPick platform to recognise and pick a wide range of products. (Credit: Seiko Epson Corporation)
Autonomous robotic picking solutions provider RightHand Robotics has received $66m in Series C financing for its product and business development activities.
Led by Safar Partners, Thomas H. Lee Partners and SoftBank Vision Fund 2, the financing round witnessed participation from Zebra Technologies, Epson and Global Brain, as well as previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape.
The funds will be used by the company to boost its product and business development efforts, in addition to scaling its global presence and partner network.
RightHand will also use the proceeds from the funding round to expand its offices and invest in talent acquisition to support overall growth plans.
RightHand Robotics CEO and co-founder Yaro Tenzer said: “This Series C funding round attracted top-tier investors who know the space and share our vision that piece-picking automation enables predictable throughput with lights-out item handling, while meeting customer needs for scalable fulfilment services.
“We are eager to continue expanding our solution set and global presence to meet the needs of warehouse operators worldwide.”
The artificial intelligence (AI) software combined with advanced computer vision is used by the RightPick platform from RightHand Robotics for the recognition and picking of a range of products at a high rate with an intelligent gripper that integrates suction and compliant fingers.
RightPick 3 piece-picking solution is provided by RightHand Robotics with the support of its integration partners such as Element Logic such as European intralogistics company Element Logic and Japanese company Okamura which offers products and services for offices, education, commercial facilities and distribution centres.