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Plus One Robotics Raises $50 Million

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Plus One Robotics, a provider of advanced AI vision software and solutions for robotic parcel handling, has raised $50 million in series C funding. With the funding, Plus One said it plans to increase its capacity and rapidly scale deployment, as well as expand sales and marketing efforts. Plus One’s solutions combine computer vision, AI, and supervised autonomy technology; the company has developed a parcel-handling robotics platform that aims to alleviate a shortage of manual labor through robotic solutions and streamline the parcel-picking and depalletizing processes. The...Read full article

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    Published: March 2023
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    picking
    The process whereby pitch is broken and the lenses or blanks are removed from the block.
    machine learning
    Machine learning (ML) is a subset of artificial intelligence (AI) that focuses on the development of algorithms and statistical models that enable computers to improve their performance on a specific task through experience or training. Instead of being explicitly programmed to perform a task, a machine learning system learns from data and examples. The primary goal of machine learning is to develop models that can generalize patterns from data and make predictions or decisions without being...
    machine visionvisionwarehousepickingparcel sorting sectorPlus One RoboticsroboticsgrippersAImachine learningfactoryautomationlogisticssortingperceptionBusinessThe News Wire

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