Plus One Robotics: Company and Competitor Profile
Plus One Robotics is a cutting-edge leader in the robotics and automated material handling industry. Established in 2016 by industry veterans Erik Nieves, Shaun Edwards, and Paul Hvass, the company's headquarters are located in San Antonio, Texas, with additional offices in Boulder, Colorado, and the Netherlands.
Core Offerings
Plus One Robotics focuses on enhancing warehouse automation through its AI-powered vision software and solutions. Key products include:
- PickOne: This AI vision software delivers precise hand-eye coordination for enhanced operational efficiency.
- InductOne: A high-speed automated induction system designed to optimize warehouse operations.
- Yonder: A Human-In-The-Loop software solution that improves robotic decision-making processes.
Leadership Team
- Erik Nieves, CEO and Co-founder, brings extensive robotics experience from his previous tenure at Yaskawa Motoman Robotics.
- Shaun Edwards, CTO and Co-founder, is instrumental in developing ROS-I and serves in leadership roles in numerous industry consortia.
- Avihou Barkay, President and CCO, oversees strategic market expansions and client relationship management.
- Peter Pixton, CFO, has facilitated raising substantial capital, including a noteworthy Series C round of $50 million.
- Rachel Bruce, Head of Marketing, spearheads growth strategies within the tech sector.
- Christina Gomez-Terry, VP of Operations, manages the integration and optimization of the company's software and hardware platforms.
- Ryan Hannon, Director of Customer Excellence, enhances client satisfaction through his extensive industry experience.
Financial Milestones
Plus One Robotics has attracted approximately $100 million in investment capital. The 2023 Series C funding round, led by Scale Venture Partners, raised $50 million, underscoring investor confidence and positioning the company towards seizing a $128 billion market opportunity.
Market Position and Achievements
The company has achieved significant technology deployment, evidenced by surpassing 1 billion lifetime picks with its robotic solutions by 2024. Plus One Robotics was awarded the SUPPLYTECH Breakthrough Award in 2024, recognized as the Overall Robotics Company of the Year.
Strategic Vision
Committed to 'Always-On' logistics, Plus One Robotics offers scalable, flexible solutions to alleviate manual labor shortages in logistics. Its advanced technologies are designed to enhance the precision and efficiency of parcel handling operations for several Global 100 logistics and ecommerce companies.
For further information, visit the company's official website [here](https://www.plusonerobotics.com/).
Competitive Landscape
Plus One Robotics operates in a fiercely competitive market, featuring strong direct competitors:
1. Gideon: Specializes in autonomous material handling and visual perception-based robots for logistics.
2. Nomagic: Provides AI-powered robots known for reliability and versatility in warehouse operations.
3. Berkshire Grey: Offers comprehensive robotic solutions for supply chain and industrial sectors.
4. Fetch Robotics (part of Zebra Technologies): Delivers autonomous mobile robots enhancing warehousing and intralogistics productivity.
5. Locus Robotics: Delivers enterprise warehouse automation through intelligent mobile robots.
Additional noted competitors include RightHand Robotics, Ambi Robotics, and Tompkins Robotics.
Strategic Position
Plus One Robotics sets itself apart through its advanced technologies and emphasis on integrating robotics within existing logistics infrastructure, positioning itself to handle evolving market demands for automated solutions.
Technology Stack
The company employs a range of technologies, such as Varnish for web acceleration, SOLIDWORKS for robust engineering design, and GitHub for collaborative software development, showcasing a commitment to technological advancement.
Revenue and Workforce
Plus One Robotics has an estimated annual revenue of $15.3 million, supported by a dedicated team of 90 employees, highlighting its agility and innovative capacity in a dynamic market landscape.
