February 23, 2022
Boston-based RightHand Robotics, which develops autonomous picking systems for order fulfillment, has announced it raised $66 million in a Series C financing round. The company said it plans to use the funding to accelerate product and business development, scale its global presence and partner network, and expand its offices and invest in talent acquisition.
“The past few years have been an incredibly exciting time for us,” said Yaro Tenzer, CEO and co-founder of RightHand Robotics. “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 fulfillment services. We are eager to continue expanding our solution set and global presence to meet the needs of warehouse operators worldwide.”
The funding round was led by Safar Partners, Thomas H. Lee Partners, and SoftBank Vision Fund 2, part of the SoftBank Group. Zebra Technologies, Epson and Global Brain also joined this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape. Previous rounds were led by Menlo Ventures and Playground Global.
RightHand’s piece-picking solution, RightPick 3, streamlines the supply chain processes of warehouses by leveraging AI software with intelligent grippers and machine vision. The system is an integrator-ready autonomous solution that empowers operating teams and meets the evolving needs of the fulfillment industry, RightHand said. The company has partnered with companies such as Element Logic (an AutoStore partner and a leading European intralogistics company) and PALTAC Corporation, Japan’s largest wholesaler of consumer-packaged goods.
“We have been believers in this company for a few years already,” said Arunas Chesonis, managing partner at Safar Partners. “The RightHand Robotics piece-picking solution has demonstrated year after year that autonomous robots are vital to solving the challenges of organizations from retail to pharmacy. The surge in e-commerce will continue even when the pandemic subsides, and we are eager to witness the continued maturation of the robotics industry in response to this global demand.”
For more details on RightHand Robotics and its systems, visit its website here.