Fetch Robotics has attracted investments from the Fund Sberbankiada Saveliev | 23.07.2019
Tuesday morning the American startup announced raising series for $ 46 million. One of the investors listed Fort Ross Ventures, the management company of the venture Fund, Sberbank’s SBT
Venture Fund II.
Held Fort Ross Ventures, the tournament has included investments CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures. The round is also attended by current
investors O’reilly AlphaTech Ventures, Shasta Ventures, SoftBank Capital and Sway Ventures. Total funding for the company reaches $ 94 million. The money will go toward international expansion and
the further development.
Fetch Robotics is engaged in manufacturing Autonomous mobile robots for warehouses and factories. The startup was incorporated in 2014 and currently employs more than 130 people. According to her
calculations, the robots Fetch Robotics is used approximately one hundred enterprises in 11 countries.
“We are pleased to become an investor in the company that is a pioneer and one of the market leaders in Autonomous robots. The warehouse logistics market in the world today is very large, the potential of robotics –
huge. Our cooperation will help the company to enter the Russian market, and Russian logistics companies to bring advanced technology”, commented Viktor Orlovsky, managing
partner Fort Ross Ventures
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