Osaro, a San Francisco, CA-based provider of machine learning software for industrial automation, raised $16m in Series B funding.
Backers included King River Capital (KRC), Alpha Intelligence Capital, Founders Fund, Pegasus Tech Ventures, GiTV Fund, and existing investors as well as strategics, bringing total funding to $29.3m. In conjunction with the funding, Megan Guy, Co-founder and Partner of King River Capital, will be joining OSARO’s Board of Directors.
The funds will be used to invest in talent acquisition, international deployments, and advancing the OSARO Pick and OSARO Vision product lines.
Led by Co-founder and CEO Derik Pridmore, Osaro provides OSARO Pick, which automates stationary picking stations in “goods to robots” distribution centers. The proprietary software enables industrial robots to perform diverse tasks in a wide range of environments, addressing growing labor shortages in fulfillment centers worldwide.
The company plans to expand into handling order fulfillment in electronics, apparel, groceries, pharmaceuticals, and many other industries.
Osaro also announced that Kevin Pope has joined as VP of Engineering.
With 30 years’ experience in high-tech product development, he led engineering teams at Applied Digital Access, Mahi Networks, and Calix. Pope will support the company in scaling their AI-based robotic picking solutions worldwide.