Plus One Robotics’ $33 Million Series B Financing

Choate represented McRock Capital and Translink Capital in the transaction.

Plus One Robotics executed its $33 Million Series B financing, co-led by McRock Capital and Translink Capital. The funding round also had participation from BMW i Ventures, Kensington Capital Partners, Perot Jain and Ironspring Ventures alongside existing investors.

Plus One Robotics is a human-robot collaboration software company headquartered in San Antonio. Plus One’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 ongoing expansion in the U.S. and Europe, as well as continued product development that is being driven by the global boom in e-commerce.

Choate represented McRock Capital and Translink Capital with a team led by Brian P. Lenihan (Picture) and Zachary Rosen.

Involved fees earner: Brian Lenihan – Choate; Zachary Rosen – Choate;

Law Firms: Choate;

Clients: McRock Capital; TransLink Capital;

Author: Martina Bellini