Osaro, a developer of machine learning software for industrial automation – especially robotic picking and vision, has raised $16 million in Series B funding.
The round was conducted with participation from King River Capital, Alpha Intelligence Capital, Founders Fund, Pegasus Tech Ventures, GiTV Fund, and existing investors as well as strategics, bringing total funding to $29.3 million.
Co-founder and CEO Derik Pridmore says the funds will be used to invest in talent acquisition, international deployments, and advancing the Osaro Pick and Osaro Vision product lines to meet customer demands. [Read more…] about Osaro raises $16 million to develop machine learning for industrial automation