# Plus One Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plus-one-robotics

- Industry: Industrial Machinery
- Headquarters: San Antonio, US
- Website: www.plusonerobotics.com
- Total disclosed funding: $94M
- Latest round: Series C (Jan 23, 2023)
- Investors on record: 21

## About

Plus One Robotics, Inc. is a US-based company that specializes in robotic automation solutions, focusing on enhancing material handling efficiency through their advanced PickOne AI software.Founded in 2016 by Erik Nieves, Paul Hvass, and Shaun Edwards, Plus One Robotics, Inc. develops robotic systems for automated material handling in sectors like logistics and supply chain management. The company is headquartered in San Antonio, US. In January 2023, it raised USD 51.50 mn in Series C funding, led by Scale Venture Partners, with participation from other investors. The total amount raised by the company amounts to USD 51.50 mn, with a current valuation of USD 154.53 mn.Plus One Robotics specializes in robotic and automated material handling solutions, with a core focus on their innovative PickOne AI software. This technology, along with human-in-the-loop oversight, is designed to enhance the efficiency of robotic depalletization processes in various sectors, including parcel, retail, and beverage industries. Their offerings include automated depalletizing solutions for mixed pallets, bags, and boxes, which are engineered to minimize errors while reducing labor costs and addressing ergonomic concerns. The company has positioned itself within the global market, serving clients across North America and Europe, and has established a customer base that includes major players in logistics and supply chain management. Plus One Robotics continues to innovate, aiming to streamline operations for its end users through scalable automation solutions that respond to the diverse needs of the modern warehouse environment.The revenue model of Plus One Robotics is primarily based on B2B transactions, where they partner with businesses in sectors such as general merchandise, 3PL, and parcel handling. Clients typically engage in contractual agreements for the deployment of their robotic solutions, which may include one-time installation fees complemented by ongoing maintenance and software licensing charges for the PickOne AI platform. Additionally, the company offers tiered pricing structures based on the specific scale and complexity of the automation projects undertaken. These arrangements ensure that clients benefit from tailored solutions that address their unique operational challenges while driving efficiency in their material handling processes. The ongoing demand for their flagship products, such as the PickOne AI software and robotic depalletizers, reflects their commitment to enhancing productivity in warehousing and logistics operations.In January 2023, Plus One Robotics, Inc. raised USD 51.50 mn in Series C funding, which will be used to enhance its sales and marketing efforts globally and increase operational capacity. The company is planning to expand its market reach into new regions, specifically targeting additional sectors within North America and Europe by 2024. Plus One Robotics aims to launch new products based on its existing technology to further streamline automation processes in warehouses.

## Funding rounds

- Series C, Jan 23, 2023, $52M — Pritzker Group Venture Capital, Scale Venture Partners, Top Tier Capital Partners, TransLink Capital, McRock Capital, Tyche Partners, ROBO Global, LLC
- Series B, Apr 16, 2021, $34M — Pritzker Group Venture Capital, TransLink Capital, BMW i Ventures, Lerer Hippeau Ventures, McRock Capital, Perot Jain, Zebra Ventures, Gaingels, CEAS Investments, Kensington Capital Partners, IronSpring Ventures
- Series A, Sep 19, 2018, $8.3M — Pritzker Group Venture Capital, Zebra Technologies Corporation, Dynamo Capital, ff Venture Capital, Lerer Hippeau Ventures, First Star Ventures, TCL Capital, Schematic Ventures

## Investors

- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A, Series B, Series C
- Zebra Technologies Corporation — Series A
- Dynamo Capital (https://capitalatlas.ai/funds/dynamo-capital) — Series A
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Series A
- Lerer Hippeau Ventures — Series A, Series B
- First Star Ventures (https://capitalatlas.ai/funds/first-star-ventures) — Series A
- TCL Capital (https://capitalatlas.ai/funds/tcl-capital) — Series A
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Series A
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series B, Series C
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series B
- McRock Capital (https://capitalatlas.ai/funds/mcrock-capital) — Series B, Series C
- Perot Jain (https://capitalatlas.ai/funds/perot-jain) — Series B
- Zebra Ventures (https://capitalatlas.ai/funds/zebra-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- CEAS Investments — Series B
- Kensington Capital Partners — Series B
- IronSpring Ventures (https://capitalatlas.ai/funds/ironspring-ventures) — Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series C
- Top Tier Capital Partners (https://capitalatlas.ai/funds/top-tier-capital-partners) — Series C
- Tyche Partners (https://capitalatlas.ai/funds/tyche-partners) — Series C
- ROBO Global, LLC — Series C