Southie Autonomy, a developer of intelligent robotic automation, has raised $2.5 million in seed funding led by BootstrapLabs, a venture capital firm focused on applied artificial intelligence, and with the participation of Ocean Azul.
Kineo Finance participated in the equity round and is providing an additional $5 million in venture leasing to support Southie’s disruptive robot-as-a-service business model.
Supply chain disruption and labor shortages have spotlighted the need for increased automation. However, many existing solutions are too costly, complex and time-consuming to changeover within highly dynamic manufacturing, warehousing and distribution environments. [Read more…] about Southie Autonomy secures $2.5 million seed funding and $5 million in robot lease financing