# Fauna

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fauna

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.fauna.com
- Total disclosed funding: $53M
- Latest round: Series A (Jul 1, 2020)
- Investors on record: 14

## About

Fauna, Inc. is a robotics company focused on developing advanced robotic solutions that work alongside humans, enhancing efficiency in industrial, warehousing, and logistical operations through AI-driven automation.Founded in 2012, Fauna, Inc. is headquartered in San Francisco, US, and specializes in creating autonomous robots for various applications in industrial settings. The company secured its latest funding of USD 27 mn in Series A on July 1, 2020, led by Madrona Venture Group with participation from Addition, GV, CRV, and Quest Venture Partners. The founders include Anders Faurholdt, Azul Crespo, Benjamin Rasmussen, Hermes Zambini, Jørgen Heinsen, Marcelo Maia, Martin Giudicessi, Michael Plikk, Synne Haga, Todd Hunkin, and Øystein Høie, while the current CEO is Eric Berg.Fauna Robotics specializes in developing advanced robotic solutions designed to coexist and collaborate with humans in various environments. Their core product offerings include autonomous robots engineered for applications in industrial settings, warehousing, and logistical operations. These robots utilize sophisticated AI and machine learning algorithms to perform tasks such as material handling, inventory management, and on-site assistance, thereby optimizing efficiency and productivity. The company targets a diverse client base, including manufacturing plants, distribution centers, and retail operations across North America and Europe, addressing the growing demand for automation in industries requiring precision and reliability.The revenue model for Fauna Robotics primarily revolves around B2B transactions, where they establish partnerships with companies seeking to integrate robotic solutions into their workflow. The company generates income through direct sales of their robots, as well as offering service agreements that may include maintenance and support. Additionally, Fauna Robotics may engage in subscription-based models for software updates and enhancements related to their robotic systems. Pricing structures for their flagship products reflect the advanced technology and customization options available, tailored to the specific needs of each client, facilitating a steady revenue stream while fostering long-term relationships with clients seeking to leverage automation in their operations.Fauna, Inc. plans to utilize the USD 27 mn raised in Series A funding to advance its product development and expand into new markets. The company is currently designing new robotic solutions with expected release dates in the upcoming year to enhance its existing product line. Fauna aims to penetrate additional markets in Europe and Asia by 2022, aligning with its strategic growth initiatives that focus on meeting increasing automation demands across various industries.

## Funding rounds

- Series A, Jul 1, 2020, $27M — CRV, Madrona Venture Group, GV, Quest Venture Partners, Alumni Ventures Group, Addition
- Series A, Aug 31, 2017, $22M — CRV, GV, Quest Venture Partners, Ulu Ventures, Webb Investment Network, Costanoa Ventures, DCVC, Line Corporation, Naver Corp., Point72 Asset Management, Afore Capital
- Seed, Sep 20, 2016, $1.4M — CRV, Quest Venture Partners, Ulu Ventures, Webb Investment Network, DCVC
- Seed, May 26, 2016, $3.1M — CRV, Quest Venture Partners, Ulu Ventures, Webb Investment Network, DCVC, Afore Capital

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed, Series A
- Quest Venture Partners (https://capitalatlas.ai/funds/quest-venture-partners) — Seed, Series A
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed, Series A
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Seed, Series A
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed, Series A
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed, Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Series A
- Line Corporation — Series A
- Naver Corp. — Series A
- Point72 Asset Management — Series A
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Addition (https://capitalatlas.ai/funds/addition) — Series A