InVia Robotics Secures $20 Million in Expansion Capital

InVia Robotics announced on Thursday it received $20 million in a Series B funding round, bringing its total funding to about $29 million. The Westlake Village company will use the money to boost deployment of its Picker robots and cloud-based Robotics-as-a-Service management system in warehouses. About 100 of the robots are currently in use at warehouses across the country. “We’re excited to have this funding to fuel the growth of our subscription-based RaaS technology to optimize warehouse performance and increase productivity for our customers,” Chief Executive Lior Elazary said in a statement. The funding round was led by Point72 Ventures in Stamford, Conn., with investments by Upfront Ventures and Embark Ventures, both in Santa Monica. The inVia Picker robot works collaboratively alongside human workers to eliminate the need for operators to walk around the warehouse. This allows human workers to concentrate on more complex tasks like selection and quality control.