German Gref supported american robots

American startup Fetch Robotics raised $ 46 million of investment from a pool of investors with Fort Ross Ventures, the management company of the Sberbank venture fund SBT Venture Fund II.
24.07.2019
RBC
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Fetch Robotics is engaged in the production of autonomous warehouse robots, Fort Ross led the investment round, writes The Wall Street Journal.

The manufacturer of robots for work in warehouses was founded in 2014, the company employs more than 130 people. According to Fetch Robotics, its robots are used by about one hundred enterprises in 11 countries.

The startup managed to attract investments from about a dozen companies, including SoftBank Capital, a SoftBank structure - the largest shareholder of the Uber service. The money is planned to be sent for further expansion outside the United States, as well as to expand the range of products. Totally, WSJ clarifies, Fetch Robotics received $ 94 million from investors. Head of the company Meloni Wise refused to disclose the annual revenue data to the publication, but said that Fetch Robotics is seeking to make a profit in the next few years.

Among other investments, Venture Fund II is a startup analyzing human emotions and a service that detects financial crimes with the help of artificial intelligence.
 

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