Wednesday, November 15, 2017

Bossa Nova Picks Up $17.5M For Inventory-Taking Robots

San Francisco-based Bossa Nova, a developer of robots which help to automatically scan grocery store shelf inventory for retailers, has raised $17.5M in Series B funding, the company said on Tuesday. The funding was led by Paxion, and also included Intel Capital, WRV Capital, Lucas Venture Group (LVG), and Cota Capital. Bossa Nova, led by President and CEO Bruce McWilliams, said that its robots take care of "tedious shelf-auditing tasks" in grocery stores, to help retailers keep shelves stocked with products. The company says it has already deployed its product with Walmart, where it plans a rollout to 50 stores, nation-wide.