COVID, supply chain issues, labor shortages, Amazon. Make your choice. The reasons to get excited about logistical robotics are numerous and growing. RightHand Robotics had already racked up its share of the buzz well before this whole pandemic really accelerated things, raising a decent amount from investors like GV, Menlo and Playground Global in a series of rounds.
And unlike many newcomers, the Boston-based company has already logged many real-world hours for its pick and place systems. The latest in the group is RightPick 3, which counts Japanese wholesaler Paltac and European pharmacy apo.com Group among its international customers.
This week, the company announced a $66 million Series C. Led by Safar Partners, Thomas H. Lee Partners, LP and the SoftBank Vision Fund, the new round puts the company’s funding to date close to $120 million. GV and Menlo are also returning for the round, joined by Zebra Technologies, Epson, Global Brain F-Prime Capital, Matrix Partners and Future Shape (Tony Fadell’s company).
Zebra is an interesting partner here. In addition to its own in-house robotics inventory offerings, the company acquired warehouse robotics startup Fetch for $290 million in the middle of last year.
“Zebra Technologies has been an active investor and solutions provider to help companies globally digitize and automate their supply chains and grow frontline employees,” says Tony Palcheck, managing director of the company’s Zebra Ventures wing. “For customers in consumer goods, retail, logistics and other industries, fulfilling orders with greater speed, accuracy, security and cost savings is critical, and RightHand Robotics helps achieve these efficiencies.”
Funding will go towards the usual things: hiring, getting more office space and greater global scale.