NEWS COMMENTARY

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

Published:
July 23, 2019
Coverage:
Digital Transformation More...
Activities:
Investment
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.

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