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RightHand Robotics automation cells type merchandise. | Credit score: RightHand Robotics
RightHand Robotics introduced that it has secured $66 million in a Sequence C financing led by prime progress buyers: Safar Companions, a expertise enterprise fund; Thomas H. Lee Companions L.P. (“THL”), a number one investor in automation and provide chain; and SoftBank Imaginative and prescient Fund 2, which is a part of the SoftBank Group. Zebra Applied sciences, Epson and International Mind additionally be part of this spherical, together with earlier buyers GV, F-Prime Capital, Menlo Ventures, Matrix Companions and Tony Fadell’s Future Form. Earlier rounds had been led by Menlo Ventures and Playground International.
RightHand Robotics invented the RightPick Platform, a collaborative robotic and distinctive gripper answer for a variety of achievement middle processes. The piece-picking answer combines an clever gripper, a imaginative and prescient system, and management software program with studying as a type of hand, eye, coordination offering accountability for selecting success.
The RightPick answer is constructed round a cobot with imaginative and prescient and clever gripper. | Credit score: RightHand Robotics
“The previous few years have been an extremely thrilling time for us,” stated Yaro Tenzer, CEO and co-founder of RightHand Robotics. “This Sequence C funding spherical attracted top-tier buyers who know the house and share our imaginative and prescient that piece-picking automation allows predictable throughput with lights-out merchandise dealing with, whereas assembly buyer wants for scalable achievement companies. We’re wanting to proceed increasing our answer set and world presence to satisfy the wants of warehouse operators worldwide.”
“We’ve been believers on this firm for a couple of years already,” stated Arunas Chesonis, managing accomplice at Safar Companions. “The RightHand Robotics piece-picking answer has demonstrated yr after yr that autonomous robots are very important to fixing the challenges of organizations from retail to pharmacy. The surge in e-commerce will proceed even when the pandemic subsides, and we’re wanting to witness the continued maturation of the robotics business in response to this world demand.”
The corporate has discovered success within the rising warehouse and logistics market, in purposes the place product sorting is crucial. The corporate has raised a complete of $119.3M over six rounds, and intends to make use of the funds to speed up product and enterprise improvement, whereas scaling its world presence and accomplice community. The corporate may even broaden its places of work and spend money on expertise acquisition to help general progress plans.
“RightHand Robotics recognized a problem within the market and responded with an answer that’s clever, adaptable, and simple to combine with adjoining software program and automation options,” stated Mike Kaczmarek, managing director at THL. “The corporate’s piece-picking answer allows prospects from a various set of finish markets resembling e-commerce, grocery, and prescription drugs to streamline and scale their operations and provide chains.”
“Labor shortages are stretching world achievement to breaking level, prompting corporations to speculate extra in automation to assist enhance effectivity and reliability,” stated Ram Trichur, accomplice at SoftBank Funding Advisers. “We imagine that RightHand Robotics is a pacesetter in provide chain logistics with a versatile, full-stack platform that may be built-in instantly into prospects’ current techniques to enhance throughput whereas reducing achievement prices. We’re delighted to accomplice with Leif Jentoft and Yaro Tenzer and the staff as they broaden their worldwide presence.”
RightHand Robotics delivers its revolutionary piece-picking answer, RightPick 3, with assistance from integration companions resembling Aspect Logic, an AutoStore accomplice and considered one of Europe’s main intralogistics corporations; and Okamura, Japan’s main supplier of high-quality services and products for places of work, schooling, business services and distribution facilities. Via these collaborations, RightHand Robotics prospects embrace PALTAC CORPORATION, Japan’s largest wholesaler of shopper packaged items, and apo.com Group, Europe’s most superior on-line pharmacy.
“Zebra Applied sciences has been an energetic investor and answer supplier to assist companies globally digitize and automate their provide chains and increase front-line staff,” stated Tony Palcheck, managing director of Zebra Ventures, Zebra Applied sciences. “For patrons throughout the consumer-packaged items, retail, logistics and different industries, fulfilling orders with increased velocity, accuracy, security and price financial savings is vital, and RightHand Robotics helps obtain these efficiencies.”
Take heed to RightHand Robotics co-founder Yaro Tenzer talk about the appliance of robotics to sorting and logistics on a latest episode of The Robotic Report Podcast.
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