RightHand Robotics Secures $66 Million in Series C Funding
Safar Partners, Thomas H. Lee Partners L.P., and SoftBank Vision Fund 2 lead the investment
RightHand Robotics, a leader in data-driven, autonomous robotic picking solutions for order fulfillment, announces today that it has secured $66 million in a Series C financing led by top growth investors: Safar Partners, a technology venture fund; Thomas H. Lee Partners L.P. (“THL”), a leading investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of the SoftBank Group. Zebra Technologies, Epson and Global Brain also join this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape. Previous rounds were led by Menlo Ventures and Playground Global.
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RightHand Robotics intends to use the funds to accelerate product and business development, while scaling its global presence and partner network. The company will also expand its offices and invest in talent acquisition to support overall growth plans.
“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 fulfillment services. We are eager to continue expanding our solution set and global presence to meet the needs of warehouse operators worldwide.”
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“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 organizations 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.”
“RightHand Robotics identified a challenge in the marketplace and responded with a solution that is intelligent, adaptable, and easy to integrate with adjacent software and automation solutions,” said Mike Kaczmarek, Managing Director at THL. “The company’s piece-picking solution enables customers from a diverse set of end markets such as e-commerce, grocery, and pharmaceuticals to streamline and scale their operations and supply chains.”
