# Osaro

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

- Industry: Industrial Machinery
- Headquarters: San Francisco, US
- Website: www.osaro.com
- Total disclosed funding: $47M
- Latest round: Series C (Mar 17, 2021)
- Investors on record: 20

## About

Osaro, Inc. develops advanced robotic systems and software to enhance warehouse automation. With a focus on machine learning, their solutions improve operational efficiency in logistics and distribution environments.Founded in 2015, Osaro, Inc. is based in San Francisco, US, and specializes in robotic piece-picking solutions. The company was established by Derik Pridmore, who has previous entrepreneurial experience. Osaro has raised a total of USD 17.32 mn across multiple rounds, with the latest being a Series C round led by Octave Ventures in April 2021. This funding round was aimed at supporting their growth and product development, solidifying their market presence and operational capabilities.Osaro specializes in advanced robotic piece-picking solutions designed to optimize warehouse automation. The company's core offerings include the SightWorks™ perception and control software, which employs advanced machine learning to enhance precision and reliability in robotic operations. This software is integral to their robotic systems used for tasks such as bagging, kitting, and mixed-case depalletizing, addressing challenges commonly faced in high-demand environments with numerous SKUs. Osaro’s solutions cater to various industries, including e-commerce, retail, and logistics, serving a diverse customer base that includes manufacturers and distribution centers across North America and Europe. The company's innovative technology aims to facilitate a transition from traditional goods-to-person (GTP) systems to more efficient goods-to-robot (GTR) operations, promoting enhanced efficiency and adaptability in dynamic warehouse settings.Osaro's revenue model is structured around flexible pricing plans, including the Robot-as-a-Service (RaaS) model, which allows clients to minimize upfront capital expenditure while optimizing cash flow. This service-based approach enables businesses to integrate Osaro’s robotic systems into their operations without the burden of large initial investments. The company's flagship product, the SightWorks™ software, is central to their offering, with clients entering into service agreements for long-term operational support. Transactions typically occur through direct B2B engagements with wholesalers and retailers, focusing on customized solutions tailored to specific industry needs. Osaro also provides continuous support through their OSARO Hypercare™ program, ensuring that clients receive ongoing assistance and performance optimization throughout the lifecycle of their robotic solutions.Osaro plans to utilize recent funding from their Series C round to expand its product offerings and market presence. The company is designing new advancements to their SightWorks™ software, and plans to launch these enhancements by mid-2022. Additionally, Osaro is targeting expansion in European markets, with a focus on logistics and e-commerce sectors by the end of 2022. The recent investment will also support efforts to enhance their Robot-as-a-Service model, allowing for broader client engagement and operational scalability.

## Funding rounds

- Series C, Mar 17, 2021, $17M — Founders Fund, AME Cloud Ventures, iRobot Ventures, Tomales Bay Capital, King River Capital, Octave Ventures, J17 Capital
- Series B, Dec 10, 2020 — CDIB Capital Group, Founders Fund, Wheen Investment Group, Morado Ventures, Pegasus Tech Ventures, iRobot Ventures, Langley Holdings PLC, Alpha Intelligence Capital, GiTV, King River Capital, Darco Capital
- Series B, Oct 3, 2019, $16M — Founders Fund, Pegasus Tech Ventures, Alpha Intelligence Capital, GiTV, King River Capital
- Series A, Mar 29, 2017, $11M — Comcast Ventures, Compound Ventures, Pegasus Tech Ventures, ZhenFund, iRobot Ventures, Abstract Ventures, AAF Management
- Seed, Dec 2, 2015, $3.3M — AME Cloud Ventures
- Seed, Mar 1, 2015 — Morado Ventures

## Investors

- Morado Ventures (https://capitalatlas.ai/funds/morado-ventures) — Seed, Series B
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed, Series C
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Series A
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series A, Series B
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- iRobot Ventures (https://capitalatlas.ai/funds/irobot-ventures) — Series A, Series B, Series C
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series A
- AAF Management (https://capitalatlas.ai/funds/aaf-management) — Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B, Series C
- Alpha Intelligence Capital (https://capitalatlas.ai/funds/alpha-intelligence-capital) — Series B
- GiTV (https://capitalatlas.ai/funds/gitv) — Series B
- King River Capital (https://capitalatlas.ai/funds/king-river-capital) — Series B, Series C
- CDIB Capital Group (https://capitalatlas.ai/funds/cdib-capital-group) — Series B
- Wheen Investment Group — Series B
- Langley Holdings PLC — Series B
- Darco Capital — Series B
- Tomales Bay Capital (https://capitalatlas.ai/funds/tomales-bay-capital) — Series C
- Octave Ventures — Series C
- J17 Capital (https://capitalatlas.ai/funds/j17-capital) — Series C