August 18, 2021
Osaro, which develops and deploys advanced robotic automation for logistics, has announced completing a $30 million Series C funding round, led by Octave Ventures. The new round brings Osaro’s total funding to date to $67.5 million.
Osaro said it plans to use the latest investment to accelerate global growth through market expansion and hiring, as well as extend its solution and support offerings. The company said it will also continue to enhance its core technology capabilities, including leveraging its machine learning platform into new automation applications. The company’s solutions currently enable logistics operators to scale e-commerce order fulfillment, inventory induction and extraction, sortation, and singulation. The robotic automation integrates with automated retrieval and storage systems (AS/RS), autonomous mobile robots (AMRs), conveyor systems, and other materials handling equipment.
“This new funding will allow Osaro to expand our solution set and accelerate delivery to our customers,” said Derik Pridmore, co-founder and CEO of Osaro. “With dozens of customers on five continents, Osaro has built a global presence that we’re excited to expand. We look forward to collaborating with our customers to identify new opportunities where robotic solutions can help scale and improve operational performance. Our customers’ success is our success.”
New investors include Octave Ventures, J17 Capital, and Tomales Bay Capital. Existing investors AME Cloud Ventures, iRobot Corp., King River Capital, and Founders Fund also participated in the funding round.
“We are excited to help Osaro scale their business as they continue to widen their geographic targets and grow their product offering,” said Michael Kim of Octave Ventures. “The market desperately needs this technology, and Osaro’s robotic automation solutions are ready for prime time.”
Osaro’s automation systems bring together advanced machine learning for object recognition with powerful control software that adapts to customer data and environments. The company’s robotic piece-picking solution is optimized for the e-commerce fulfillment center and warehouse automation markets, where challenges include high SKU inventories, complex packaging, and fragile items that require delicate handling. Osaro said its solutions have been validated by the world’s top retailers, systems integrators, and third-party logistics companies.
For more information on the company, visit the Osaro website here.