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

July 23, 2019
Chemicals More...
Asset Management 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

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

Bright Machines microfactories boosted by $435 million SPAC combination

News Commentary | May 19, 2021

Bright Machines continues the trend of startups following the novel funding route of merging with a public special‑purpose acquisition company (SPAC). The company is among the first to bring an industrial automation platform to the SPAC market, following 3DP companies Velo3D and Desktop Metal. ... Not part of subscription

Autonomous delivery robot company Starship Technologies raises EUR 50 million

News Commentary | January 27, 2022

Starship received EUR 50 million from the European Investment Bank (EIB), which is the funding arm of the EU, as a venture loan. Through this funding round, the EIB acknowledges and intends to support Starship's robots' societal contributions towards reducing pollution and congestion. Starship plans... Not part of subscription