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Osaro

Osaro

An artificial intelligence company developing deep reinforcement learning technology products for industrial automation.

Osaro is an artificial intelligence company developing deep reinforcement learning technology products for industrial automation that is headquartered in San Francisco, California and was founded in 2015 by Derik Pridmore, Itamar Arel, and Michael Kahane. The companies products are made to help industrial robots perform a diverse range of tasks in industrial environments. Osara offers customers machine learning software for piece picking in distribution centers, and Osara vision which is a standalone products that can be integrated into other robotic systems.

Funding
Seed

On March 1, 2015 Osaro announced raising an undisclosed amount of seed funding from Morado Ventures.

Seed II

On December 2, 2015 Osaro announced raising a second seed funding round with $3.3 million in funding from ZhenFund, La Famiglia, Morado Ventures, Sean Parker, Scott Banister, Peter Thiel, Nicolas Berggruen, Konstantin von Unger, Jerry Yang, and Elad Gil. The second seed round was raised before Osaro had any customers.

Series A

On April 13, 2017 Osaro announced raising $10 million in series A funding from iRobot Ventures, ZhenFund, Pegasus Tech Ventures, Compound, Comcast Ventures, Abstract Ventures, and AAF Management.

Series B

On October 3, 2019 Osaro announced raising $16 million in series B funding from King River Capital (lead investor), Pegasus Tech Ventures, Morado Ventures, Global IoT Technology Ventures, Founders Fund, Compound, Comcast Ventures, Alpha Intelligence, and AME Cloud Ventures. The company plans on using their series B funding to expand their operations globally.

Timeline

August 19, 2021
Osaro raises $30,000,000 in series C funding round, led by Octave Ventures with participation from J17 Capital, Tomales Bay Capital, AME Cloud Ventures, iRobot Corporation, King River Capital, and Founders Fund.
August 19, 2021
Osaro raises a $30,000,000 series C round.
December 2020
Osaro raises a $37,000,000 series B round from Mark Cuban Companies and Pegasus Tech Ventures.
October 2019
Osaro raises a $16,000,000 series B round from Alpha Intelligence Capital, Founders Fund, Global IoT Technology Ventures, King River Capital and Pegasus Tech Ventures.
April 2017
Osaro raises a $10,000,000 series A round from Compound, Pegasus Tech Ventures, ZhenFund and iRobot Ventures.
December 2015
Osaro raises a $3,300,000 seed round from Nicolas Berggruen, Peter Thiel, Scott Banister, Sean Parker and ZhenFund.

Funding rounds

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FinSMEs
August 19, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Karen Hao
August 6, 2021
MIT Technology Review
Within a few years, any task that previously required hands to perform could be partially or fully automated away.

References

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