Plus One Robotics Bags $33M Round
April 28, 2021
One Robotics secured a $33 million of Series B funding. McRock Capital and
TransLink Ventures co-led the round, with participation from BMWi Ventures,
Kensington Capital Partners, and Ironspring Ventures alongside existing
investors. Whitney Rockley of McRock Capital and Toshi Otani of TransLink will
join the company’s Board of Directors.
The funding will support Plus One’s ongoing expansion in the US and Europe, as
well as continued product development to meet rapidly rising customer demand
driven by the global boom in e-commerce.
Plus One’s 3D and AI-powered perception software, PickOne, works with any robot
arm, gripper, and cloud service to deliver precise hand-eye coordination
enabling robots to perform a range of warehouse tasks.
Yonder, Plus One’s robot supervision software, leverages human intelligence to
handle exceptions for the variety of items passing from dock to door. One human,
or Crew Chief, can manage up to 50 robots remotely, allowing companies to adopt
a follow-the-sun model and meet the demands of the 24/7 consumer.
“We’re fortunate to work with customers at the cutting edge of warehouse
automation who share our values of “Robots Work, People Rule.” We are excited to
grow alongside our clients here and abroad. Like our clients, our investors have
a global footprint representing Asia and the EU as well as North America. This
potent combination sets Plus One on a course to continue growing our
international installed base,” commented CEO and co-founder Erik Nieves.
“The Plus One team has done an excellent job aggressively growing its business
over the past two years. Their market traction and customer base validates the
need for logistics automation using agnostic, scalable applications. Erik and
the team have a deep bench of robotics and vision software experience that is
widely respected, making Plus One beautifully positioned to dominate the sector”
said Whitney Rockley of McRock.
precision and quality that Plus One is able to deliver is transformative for
warehouse operators. With new packaging types entering the supply chain daily,
Plus One is positioned to be an integral part of any system in ecommerce
fulfillment and distribution center. We’re excited to play a part in this
growth, as well as their growth in the Asian markets,” Toshi Otani of TransLink
“We believe that Plus One Robotics’ technology will usher in a new era of smart,
adaptive robot systems to bring automation to new heights across supply chain,
logistics and manufacturing. The beauty of Plus One’s technology is that it
combines state-of-the-art computer-vision algorithms with a human-in-the-loop
approach, enabling robots to operate at accuracy and throughput levels currently
unmatched in the industry. This truly is the start of a new era of
robotics-driven automation,” added Kasper Sage, Partner at BMW i Ventures.
“Scaling robotic automation in warehouses is not an ‘AI’ or big data’ challenge,
it’s an industrial-grade, systems integration challenge if you want to deploy
products globally within the most demanding logistics customers. Plus One’s
team, product suite, and go to market approach are tailor made to take on this
challenge, and we are delighted to support at this important growth stage,” said
Ty Findley, Managing Partner at Ironspring Ventures.