OSARO Inc announced that it has raised $30 Million in a Series C round led by Octave Ventures. New investors include J17 Capital, and Tomales Bay Capital, existing investors AME Cloud Ventures, iRobot Corporation, King River Capital, and Founders Fund also participated.
OSARO plans to use this latest investment to accelerate global growth through market expansion and hiring as well as extending its solution and support offerings.
Company: Osaro Inc
Round: Series C
Funding Month: August 2021
Lead Investors: Octave Ventures
Additional Investors: J17 Capital, Tomales Bay Capital, AME Cloud Ventures, iRobot Corporation, King River Capital, and Founders Fund
Company Website: http://www.osaro.com/
Software Category: Robotics Automation Solution>AI
About the Company: OSARO designs and deploys robotics automation solutions in the materials handling industry using software-defined robotics. OSARO 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 key challenges include high SKU inventories, complex packaging, and fragile items requiring delicate handling. OSARO Solutions have been validated by the world’s top retailers, system integrators, and third-party logistic companies.