RightHand Robotics, a Somerville, MA-based provider of the integrated robotic piece picking solutions, has now secured $23 Million in the funding round of Series B.
The round was led by the Menlo Ventures, with collaboration from the GV Ventures and some of the existing investors Dream Incubator, Playground Global and Matrix Partners. In conjunction with the funding round, Mark Siegel, The Managing Partner at Menlo Ventures, will now be going to join as the RightHand Board of Director along with the Mick Mountz, the founder and former CEO of Kiva Systems.
The company as of now has a plans to use the funds to expand business and technical teams and broaden a suite of the product applications.
The company which is founded by the Leif Jentoft, in the year 2014. RightHand Robotics provides with a platform which allows the retailers to deliver the individual goods directly to the consumers when and where they want. RightPick is a software driven, hardware-enabled solutions that handle the core task of placing and picking individual items as part of a wide range of processes and workflows. With the help of RightPick, businesses can reduce the cost of order fulfilments in apparel, electronics, grocery, pharmaceuticals, and some other industries as well.
“This funding round is a testament to our team’s intense which is as of now also focuses more on solving the critical challenge all our customers face which is namely, how to respond to booming e-commerce growth given a scarcity of labor,” said Leif Jentoft, co-founder of RightHand Robotics. “We are as of now investing more in the field of advancing our RightPick, talent acquisition, international growth, product line to meet the needs of the customer.”
“RightHand Robotics developed a comprehensive, integrated solution that resonates with a wide variety of e-commerce companies and solutions which is revolving in the market,” said Andy Wheeler, General Partner at GV. “The founding team of roboticists at RightHand have the right expertise, full-stack product, and overall vision to make an impact on this upcoming, growing and dominating market.”
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