RightHand Robotics secures US$66m for robotic picking system

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RightHand Robotics, a data-driven, autonomous robotic picking solutions provider for order fulfilment, has secured US$66m (£49.5m) in Series C financing which it will use to grow both its product portfolio, partner network and team.

The company has developed its RightPick system to streamline the supply chain processes of warehouses with its piece-picking robotic solution, which leverages AI software with intelligent grippers and machine vision.

Righthand said its integrator-ready autonomous solution empowers operating teams and meets the evolving needs of today’s fulfilment industry.

“The past few years have been an incredibly exciting time for us,” said Yaro Tenzer, CEO and co-founder of RightHand Robotics.

“This Series C funding round attracted top-tier investors who know the space and share our vision that piece-picking automation enables predictable throughput with lights-out item handling, while meeting customer needs for scalable fulfilment services. We are eager to continue expanding our solution set and global presence to meet the needs of warehouse operators worldwide.”

This latest funding round was led by Safar Partners, a technology venture fund; Thomas H. Lee Partners, an investor in automation and supply chain; and SoftBank Vision Fund 2. Zebra Technologies, Epson and Global Brain also join this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Future Shape.

“We have been believers in this company for a few years already,” said Arunas Chesonis, managing partner at Safar Partners. “The RightHand Robotics piece-picking solution has demonstrated year after year that autonomous robots are vital to solving the challenges of organisations from retail to pharmacy.

“The surge in e-commerce will continue even when the pandemic subsides, and we are eager to witness the continued maturation of the robotics industry in response to this global demand.”

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