Fetch Robotics raises $46 million in Series C funding
New round increases total raised to $94 million and will be used principally for expansion
Fetch Robotics has secured a Series C round of funding in the amount of $46 million. The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures. All existing investors – O'Reilly AlphaTech Ventures, Shasta Ventures, Softbank Capital and Sway Ventures – also participated in this round.
Fetch Robotics now has raised $94 million to date. The funding will be used for international expansion, to meet accelerating customer demand, and for ongoing research and development.
The Fetch Cloud Robotics Platform provides a cloud-driven Autonomous Mobile Robot (AMR) solution for material handling and data collection for warehousing and intralogistics environments.
“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,” said Melonee Wise, CEO of Fetch Robotics. “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.”
“We’ve had great success investing in companies that are using unique software platforms to transform large, global industries, and so Fetch Robotics is a natural addition to our portfolio,” said Anurag Chandra, Venture Partner at Fort Ross Ventures. “Fetch’s cloud-first approach enables on-demand automation, which we believe will transform logistics, manufacturing, retail and other industries in the U.S. and internationally. We’re delighted to be a part of the Fetch team.”
“Flexibility in operations is a top priority for warehouse operators today,” said John Santagate, Research Director at IDC. “Traditional automation technology lacks the ability for rapid deployment, scalability, and flexibility that modern robotics are enabling. On top of the physical element of modern robotics, development of cloud-based applications to enable robotics has greatly enhanced the ability to rapidly and efficiently deploy robotics at scale. The cloud robotics approach at Fetch is something that is enabling warehouses to rapidly realize the benefits of robotics and making it easier for companies to deploy and use robots in their operation.”