Southie Autonomy Secures $2.5M in Seed Funding







Southie Autonomy, BostonMA-based developer of intelligent robotic automation company, raised $2.5M in Seed funding.

TheBootstrapLabs facilitated the round with participation from Ocean Azul. Kineo FinanceParticipation inThe equity round is now complete and will provide an additional $5m inVenture leasing will be used to support the robot-as a service business model. BootstrapLabs joins the board Southie Autonomy.

TheThe company plans to use the funds in order to accelerate customer acquisition, expand its network of distribution partners and scale its operations, as well as to expand the technical and commercial staff. BootstrapLabs will be joining the board of Southie Autonomy.

Founded in2018 by DraperAlumni Rahul Chipalkatty and Jay M. Wong, Southie Autonomy has developed a robot arm solution for automating packaging assembly, palletization kitting. TheAI/AR platform creates an AI/AR program for the robot to follow. This allows it to pick objects of different sizes and shapes. TheSoftware is compatible to any robotic hardware. A few customers are currently using it..

FinSMEs

09/05/2022






Leave a Comment