Osaro Inc., a San Francisco, CA-based leader in machine learning software for industrial automation, closed its Series B extension funding round.
Backers included Darco Capital, The Mark Cuban Companies, King River Capital, Alpha Intelligence Capital, Founders Fund, Pegasus Tech Ventures, GiTV Fund, and existing investors.
This brings total funding to $37m from investors on four continents.
Led by Derik Pridmore, co-founder and CEO, Osaro provides a robotic piece-picking software platform to improve performance and efficiency in e-commerce order fulfillment and intralogistics for multiple customers, including top material handling companies globally. The platform brings together advanced machine learning for object recognition with control software for motion to deliver industrial automation productivity. The software uses visual intelligence that adapts to customer data and environments and is integrated with every major industrial arm and gripper.
The company focuses on industrial automation for the electronics, apparel, grocery, pharmaceutical, and other industries.
FinSMEs
16/12/2020