SAN JOSE, Calif.--(BUSINESS WIRE)--Fetch Robotics today announced that it has raised $3 million in Series A financing from O'Reilly AlphaTech Ventures (OATV) and Shasta Ventures. Fetch Robotics will use the funding to bring their inaugural robots to market. The robots will provide solutions for the logistics and light industrial markets, as well as for other human-robot collaboration opportunities.
Melonee Wise has been named CEO of the company. Prior to joining Fetch Robotics, Melonee was CEO and co-founder of Unbounded Robotics. Before that, Melonee spent approximately six years at the pioneering personal robotics company Willow Garage. All told, Melonee has nearly 15 years working in both entrepreneurial and engineering roles in the robotics industry, on both robotic hardware and software.
The first robots from Fetch Robotics will be introduced in Q2 of this year. To be notified when the robots are available, please email email@example.com.
|"It's exciting to have the opportunity for Shasta to invest in Fetch, as I've been passionate about robotics for many years. The team, product, market opportunity, and timing are all in alignment for Fetch to be successful."|
|Rob Coneybeer, Managing Director at Shasta Ventures|
|"Fetch is comprised of a top-notch team focused on a substantial problem. They have both the entrepreneurial and technical know-how in order to solve some pressing problems in the world of logistics and light industry."|
|Bryce Roberts, Managing Director at O'Reilly AlphaTech Ventures|
|"Businesses and economic forces are charging ahead to make the world all on-demand all the time. The implications to the logistics industry given this trend are substantial and my team and I look forward to helping businesses address those challenges."|
|Melonee Wise, CEO of Fetch Robotics|
Fetch Robotics is comprised of an experienced team of roboticists, spanning hardware, software, and design. The forthcoming robots will utilize and build upon ROS, the open source robot operating system.
About Fetch Robotics
Fetch Robotics is building robots for the logistics industry. The company was founded in 2014 and is headquartered in San Jose, CA. For more information, please visit www.fetchrobotics.com or follow the company on Twitter @FetchRobotics.