RightHand Robotics, Inc.

RightHand Robotics, Inc. develops innovative robotic solutions that automate piece-picking processes for various industries, enhancing operational efficiency and precision in order fulfillment. RightHand Robotics, Inc. was founded in 2015 in Charlestown, US, and specializes in robotic automation for order fulfillment.

The company has completed a total of 6 funding deals, with its most recent funding round being a Series C investment of USD 25. 00 mn on February 23, 2022. This round was co-led by new investors SB Investment Advisers and Thomas H. Lee Partners, alongside participation from several established venture capital firms.

The founders include Lael Odhner, Leif Jentoft, and Yaro Tenzer, while Brian Owen serves as CEO. The total amount raised by the company to date stands at USD 25. 00 mn, with a current company valuation of USD 201. 50 mn.

RightHand Robotics specializes in advanced robotic piece-picking solutions, primarily through its flagship product, the RightPick™ system. This system leverages machine learning and proprietary industrial hardware to autonomously automate the order fulfillment process across various industries, including e-commerce, pharmaceuticals, apparel, health and beauty, and grocery sectors. The RightPick™ system is designed to pick and place a wide range of stock-keeping units (SKUs), integrating seamlessly with existing workflows and infrastructure such as Automated Storage and Retrieval Systems (AS/RS) and other automated bagging systems. Customers include major retailers and distribution centers in North America, Europe, and Asia, seeking efficient and reliable order fulfillment capabilities.

RightHand Robotics generates revenue primarily through B2B transactions by partnering with logistics providers, warehouses, and manufacturers aiming to improve their automation capabilities. Revenue streams include the sale of the RightPick™ system and ongoing support services under the RightCare program, which provides 24/7 online and phone support, preventative maintenance, and software updates. The company structures pricing to reflect the complexity and scalability of its solutions, catering to the unique needs of each client. In February 2022, RightHand Robotics, Inc.

raised USD 25. 00 mn in Series C funding, which will be utilized to accelerate product and business development and expand its global presence and partner network. The company aims to enhance its product offerings and plans to enter new markets and geographic regions by targeting specific sectors for further growth. The funding will support these strategic initiatives as RightHand Robotics continues to scale its operations.