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Robotics company 6 River Systems grabs $25 million

Posted by The Notice Centre☑️ on April 7, 2018 at 10:05 PM


The e-commerce industry is booming! booming so well with so much innovation, investment and effort being put into it, 6 River Systems is a company which makes robots to speed up production in different warehouses and collaborates with humans to out more efficiency, This company right now has benefitted from this boom.



6 River Systems has announced it's grabbed a $25 million Series B round with this investment coming with the aim of helping the company expand and break into more markets, The Start-up which was founded by former Kiva (acquired by amazon) executives has now raised a total of $46.6 million with the current round being led by Menlo ventures.


 

As of current, 6 River Systems has delivered 600 of its robots to 30 sites which have aided in the packaging of various products, medical supplies and other general warehouse jobs.


 

Also as of recent, two other warehouse robotics companies have grabbed (maybe co-incidentally) the same amount ($25 million) in their most recent rounds so this gives 6 River Systems a very matchable war chest to win its market.


 

The company right now is focusing on selling its technology to big retailers and is also focused on collaborating with Fortune 100 companies to offer its robots through its unique Software as a Service approach.



Curated from our content partner - thetechie.xyz

Categories: technology , innovation, Business

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