Fox Robotics, an Austin, Texas-based maker of self-driving forklifts that automatically unload trailers, closed a $9m Series A funding round.
The round was led by Menlo Ventures with participation from with participation from Eniac Ventures, La Famiglia, SignalFire, Congruent Ventures and AME Cloud Ventures. In conjunction with the funding, Mark Siegel, partner at Menlo Ventures, joined Fox’ board of directors.
The company intends to use the funds to ramp up production after running pilots with large logistics companies since last October.
Led by Charles DuHadway and Peter Anderson-Sprecher, who have built robots and led robotic teams at Stanford, CMU, Bosch, Google Robotics, Google X and KUKA, Fox Robotics builds self-driving forklifts which leverage technology similar to the one existing in a self-driving car, customized for the warehouse environment. Fox’s forklifts use modern AI for real-time detection of pallets, trailers and obstacles and don’t need pre-programmed fixed locations. They use sensors and dynamic planning to plan routes on the fly and don’t require hand-drawn or memorized routes.