“On top of the physical element of modern robotics…the cloud robotics approach at Fetch is something that is enabling warehouses to rapidly realize the benefits of robotics and making it easier for companies to deploy and use robots in their operation.You’ve likely heard of the Industrial Internet of Things (IIoT), Industry 4.0, Smart Factories, or Digital Manufacturing. The cloud-driven aspect of the Fetch Cloud Robotics Platform enables speedy and cost- efficient deployment in warehouse environments, said John Santagate, Research Director at IDC, in the release. Universal opted for the Fetch Robots-as-a-Service (RaaS) monthly fee model, minimizing its upfront investment. This enables the company to meet its targets while reducing the nearly continuous need to ask employees to work overtime. Universal is using 10 Fetch CartConnect robots in conjunction with 40 carts to automate several key processes in the Smyrna warehouse.
And our workers like it because the robots take on the less interesting, more laborious tasks.” “Because the system installs so quickly – we had it fully operational in less than a week – we’re able to boost output and manage our costs. The Fetch Robotics system provides an answer to the problem, Rogers said. “In Smyrna as in many markets we serve, we face chronic labor shortages, at times in excess of 10 percent of our required staff, which puts significant pressure on everyone from the workers on the floor to senior management.” This makes it especially difficult to meet the demand for logistics workers and leads to chronic under-staffing situations, Universal CEO Jeff Rogers, said in the statement. Smyrna has one of the lowest overall unemployment rates in the United States at 2.4 percent. The plant serves the nearby Nissan Motors plant, the largest auto manufacturing facility in North America.
Fetch robotics full#
(NASDAQ: ULH), a full service transportation and logistics provider that recently deployed the Fetch Cloud Robotics Platform in its one million square-foot Smyrna, Tennessee logistics facility. One such customer is Universal Logistics Holdings, Inc. As labor shortages and delivery pressures bear down on manufacturing, the warehousing robotics space has flourished, with startups such as Geek+ and 6 River Systems catering to fast-growing ecommerce industrial customers that require the speed and efficiency of automation. Our Autonomous Mobile Robots and cloud platform enable our customers to meet their customers’ demands while meeting their own financial objectives.”įounded in 2014, San Jose-based Fetch Robotics develops autonomous robots that operate among humans in locations such as warehouses, factories and distribution centers. “The competitive pressures for excellence in logistics have never been greater. “Customers have responded enthusiastically to our unique Cloud Robotics solution, and we’re responding by securing the funds we need to continue growing and enhancing our offerings,” Melonee Wise, CEO of Fetch Robotics, said in a statement. The funding will be used for international expansion, to meet accelerating customer demand and for ongoing research and development.
All existing investors – O’Reilly AlphaTech Ventures, Shasta Ventures, Softbank Capital and Sway Ventures – also participated.įetch Robotics now has raised $94 million to date. The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures.
Fetch robotics software#
Fetch Robotics, a Silicon Valley startup that’s bringing robots and a supporting cloud-based software system to industrial environments, today announced a $46 million Series C round of funding.
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