The COVID-19 pandemic is, not surprisingly, showing to be a significant driver for robotics and automation adoption. The already hot categories are showing to be much more appealing as companies seek to technology in the middle of the spread of a extremely contagious and lethal virus.
Warehouses and satisfaction centers are, naturally, a big classification for funding. Amazon, which has actually continued to operate as a vital service throughout the pandemic, has actually assisted show the roles robots can play. It has also, regrettably, offered some cautionary stories around transmission to human workers.
Fox Robotics is the latest startup to reap the benefits of the sped up interest in the category. The Austin-based startup informed TechCrunch today that it has actually raised a $9 million Series A, led by Menlo Ventures. The most recent round brings its total financing to date approximately $13 million, with assistance from previous investors Eniac, Famiglia, SignalFire, Congruent, AME and Joe.
The company’s value proposal is quite clear. Fox builds self-driving forklifts it states are capable of increasing office efficiency up to 2 to 3 times. Fox joins a glut of companies presently aiming to automate the work environment, but the business’s value proposal remains in the way of versatility it’s able to offer over more fixed systems. And similarly important, it’s a lot easier to integrate into existing warehouses.