Another industrial automation firm is bucking VC slowdown, as Plus One Robotics this morning announces a $50 million raise. The Series C brings the San Antonio-based firm’s total funding up to $94 million to date (including a $33 million Series B back in 2021). Scale Venture Partners led the round, which also features participation from Top Tier Capital Partners, Tyche Partners and ROBO Global Ventures.
The bulk of the funding is slated for sales expansion,” founder and CEO Erik Nieves tells TechCrunch. “Since our inception, we have punched above our weight when it comes to sales; our team is small but has managed to win the major accounts in this space. This cash infusion means we can double down on our success and have more account managers onboarding new customers. As always, a portion of the cash is ea...
