On April 27, 2021, Plus One Robotics Inc. ("Plus One") announced a US$33 million Series B funding round.
McRock Fund II LP ("McRock") and Translink Capital co-led the round, with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain, and Ironspring Ventures alongside existing investors CEAS, Lerer Hippeau, Pritzker Group Venture Capital and Zebra Ventures among others.
Plus One, based in San Antonio Texas, provides vision software for logistics robots. The company's 3D and AI-powered vision software, PickOne, works with any robot, gripper, and cloud service to deliver precise hand-eye coordination enabling robots to perform a range of warehouse tasks. The funding will support Plus One's expansion in the US and Europe, as well as continued product development driven by the global boom in e-commerce.
McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital fund manager focused on the intersection of sensors and software in large industrial markets and smart cities.
Derek Keay and Shaela Rae of Gowling WLG advised McRock on Canadian matters with respect to its participation in this funding round.