San Jose-based industrial automation and supply chain management company Fetch Robotics has secured $46 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on July 23 and led by FortRoss Ventures.
According to its Crunchbase profile, "Fetch Robotics is a San Jose, California-based industrial robotics startup that develops and manufactures collaborative, autonomous mobile robot solutions for the warehousing and logistical markets. It takes advantage of its deep robotics expertise to provide reliable and safe collaborative AMR (Autonomous Mobile Robot) solutions for two commercial applications: material handling and data collection. Fetch Robotics is a venture-backed Silicon Valley startup founded in 2014."
The six-year-old company has raised three previous funding rounds, including a $25 million Series B round in 2017.
Over the past year, five San Jose-based biotechnology companies have secured venture funding, totaling $67 million in new investment to the local industry.
In other local funding news, computer company Arrcus announced a $30 million Series B funding round on July 23, led by Lightspeed Venture Partners.
According to Crunchbase, "Arrcus was founded to enrich human experiences by interconnecting people, machines and data. Their mission is to provide software-powered network transformation for the interconnected world."
The company also raised a $15 million Series A round in 2018.
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