Bossa Nova, which makes independent shelf-scanning carrier robots for retail consumers, simply closed a $17.five million Collection B spherical.
That brings Bossa Nova’s general investment to $41.7 million.
The investment announcement comes at the heels of a recently-announced partnership with Wal-Mart, which is checking out Bossa Nova’s independent inventory-scanning robots at 50 shops.
The times of the store clerk with the scanner gun may well be numbered.
Bossa Nova is positioning itself smartly. It is a robotics corporation, however the name of the game sauce is in its multi-disciplinary way. The group additionally contains mavens on laptop imaginative and prescient, synthetic intelligence, and large information scientists.
The guidelines amassed via the robots is helping corporations stay pieces in inventory, but it surely additionally offers outlets cumulative information on how more than a few sorts of merchandise are acting store- and company-wide.
“Bossa Nova is fixing a difficult stock drawback that prices outlets billions of bucks yearly,” mentioned Michael Marks, Bossa Nova board member and common spouse at Paxion, which led the most recent spherical. “The corporate has advanced a singular set of algorithms and proprietary applied sciences that give them a powerful lead in independent robotics and retail information analytics.”
The corporate’s robotics IP by myself is spectacular. Its totally independent platforms can also be deployed in busy and crowded environments, safely navigating busy store flooring.
A consultant instructed me the brand new investment will reinforce expansion within the corporation’s engineering and business groups.