Austin’s Fox Robotics raises a $9M Series A for its robotic forklifts
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Fox Robotics is the latest startup to reap the rewards of growing interest in the category. The Austin-based startup told ProWellTech this week that it raised $9 million in Series A, led by Menlo Ventures. The latest round brings its total funding to date to $13 million, with the support of previous investors Eniac, Famiglia, SignalFire, Congruent, AME and Joe.
“The market demand for warehouse automation is huge and growing. The future of warehouse automation is not for fixed conveyor systems costing several hundred million dollars. These are low-cost, flexible, mobile robots that can be deployed incrementally and quickly”, CEO Charles DuHadway said in the announcement.