Scale Venture Partners
Consultancy : Company : Venture Capital
Scale invests in startups building intelligent software that works for the user.
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Plus One Robotics Raises $50 Million in Funding, Led by Scale Venture Partners, to Capitalize on $128 Billion Market Opportunity
Plus One Robotics, a provider of advanced AI vision software and solutions for robotic parcel handling, today announced that it has raised $50M in Series C funding. The round was led by Scale Venture Partners, with Partner Rory O’Driscoll joining the board of directors. Top Tier Capital Partners, Tyche Partners, ROBO Global Ventures, Translink, McRock, and Pritzker Group Venture Capital also participated in the round alongside existing investors, which brings the company’s total funding to date to nearly $100 million. Plus One’s technology helps to alleviate the persistent shortage of manual labor through robotic solutions, dramatically streamlining the parcel picking and depalletizing processes. Plus One deployments perform over one million parcel picks each day in production and currently hold an industry-leading metric of more than half a billion parcel picks globally. With these new funds, Plus One can further increase its capacity and rapidly scale deployment, as well as expand its sales and marketing efforts in North America and internationally.
Dusty Robotics Raises $45M; Announces the Industry’s First Hardware, Software and Services Solution to Eliminate Construction Errors Through Advanced Robotics
Dusty Robotics, a robotic solution provider for the construction industry, announced today that it has closed a $45 million Series B round. The round was led by Scale Venture Partners and joined by returning investors Baseline Ventures, Canaan Partners, Root Ventures, NextGen Venture Partners, and Cantos. The company will use these funds to grow its team, expand its product offerings, and accelerate manufacturing with the goal of deploying Dusty products on all construction sites in the U.S.
Dusty’s FieldPrinter™ solution eliminates one of the most common sources of conflict on construction projects: incorrect hand-drawn layout using a chalk line process that was invented 5000 years ago by the early Egyptians. The patented FieldPrinter solution automates the process of taking digital floor plans onto construction sites by printing them full-size on the floor through a combination of hardware, software, and services. This end-to-end solution ensures that all trades build from the same set of plans, eliminating errors, expediting conflict resolution, and significantly reducing the cost and duration of construction.