Fetch Robotics raises $46 million, but pales in comparison with Chinese competitor's $150 million round

July 23, 2019
Digital Transformation More...
by Josh Kern
Very important

Autonomous mobile robot (AMR) company Fetch Robotics announced today its Series C round led by Fort Ross Ventures. The company will use the funding to expand its international deployments and support R&D. Fetch also announced a deployment of 10 CartConnect robots in a Universal Logistics facility in Smyrna, TN. The facility has been plagued by labor shortages during a record-low unemployment rate combined with increasing demand in the era of faster logistics from companies like Amazon. Fetch leads fellow U.S.-based AMR companies like Locus Robotics and inVia Robotics in total funding but lags behind Chinese competitor Geek+, which just raised a $150 million round. Clients should expect Fetch to have a hard time expanding in the APAC region.

For the original news article, click here .

Further Reading

Robotics startup Rios exits stealth to take on AI-powered manufacturing tasks

News Commentary | July 02, 2020

The startup announced it had raised $5 million in a funding round led by Valley Capital Partners and Morpheus Ventures. Unlike the plethora of bin‑picking robot startups that have emerged over the past couple of years, Rios targets manufacturing and assembly tasks, which are often difficult or ... To read more, click here.

Seegrid raises $52 million for its automated warehouse vehicles

News Commentary | September 17, 2020

Seegrid has closed its $52 million round to bring its total funding to $150 million. The company sells an autonomous pallet truck and tow tractor, fitting vehicles manufactured by groups at Toyota and Mitsubishi with necessary computer vision and automation software. There are a number of warehouse‑... Not part of subscription

Rapid Robotics raises $12 million to develop manufacturing robotics

News Commentary | May 11, 2021

After raising $5.5 million in late 2020, led by Greycroft and Bee Partners, Rapid Robotics has raised another $12 million led by new investor NEA. The company claims differentiation in its collaborative robot (cobot) that is preprogrammed to perform common industrial tasks, enabling it to deploy ... Not part of subscription