Bossa Nova, a San Francisco, CA-based developer of autonomous service robots for the global retail industry, closed a $17.5m Series B financing.
The round, which brought total funding to date to $41.7m, was led by Paxion with participation from Intel Capital, WRV Capital, Lucas Venture Group (LVG), and Cota Capital. In addition to the funding, Michael Marks, former CEO of contract electronics manufacturer Flextronics, joined Bossa Nova’s board of directors.
The company intends to use the funds to expand its engineering and commercial teams as well as scale its robots and data services.
Led by Bruce McWilliams, president and chief executive officer, Bossa Nova creates autonomous service robots for the global retail industry. Its technology and services enable retailers to make informed inventory decisions and take rapid action by automating the collection and analysis of on-shelf inventory data in large-scale stores.
The funding follows the announcement of Bossa Nova’s deployment with Walmart, in which Bossa Nova robots and data services will capture and analyze on-shelf inventory data in 50 Walmart stores nation-wide.