Southie Autonomy Secures $2.5 Million in Seed Round

by Kay Aloha Villamor May 11th, 2022

Southie Autonomy, a Boston, MA-based developer of intelligent robotic automation, announced that it raised $2.5 million in seed funding.

The round was led by BootstrapLabs, a venture capital firm focused on applied artificial intelligence, and with the participation of Ocean Azul. 

Kineo Finance participated in the equity round and is providing an additional $5 million in venture leasing to support Southie’s disruptive robot-as-a-service business model.

The capital will help accelerate customer acquisition and build out the network of distribution partners. In addition, Southie Autonomy will scale its operations and expand the commercial and technical team. 

BootstrapLabs will join the board of Southie Autonomy.

Company: Southie Autonomy

Raised: $2.5M

Round: Seed Round

Funding Month: May 2022

Lead Investors: BootstrapLabs

Additional Investors: Ocean Azul

Company Website: https://www.southie.ai/

Software Category: Robotic Automation

About the Company: Southie Autonomy has developed an easy-to-use robot arm solution for automating packaging assembly, palletization, and kitting. The innovative AI/AR platform creates a program for the robot to follow, enabling it to pick up objects of varying shapes and sizes. No coding, engineering, or highly trained experts are necessary, enabling any operator to instruct a robot to perform packaging assembly within minutes using only simple gestures.                   

Source: https://www.southie.ai/southie-autonomy-seed-funding-and-robot-lease-financing https://www.businesswire.com/news/home/20220509005108/en/Southie-Autonomy-Secures-2.5-Million-Seed-Funding-5M-in-Robot-Lease-Financing

 

 





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