Slip Robotics Pioneers $28M Series B for Innovative Truck-Loading Robots
Deal News | Dec 17, 2024 | DCVC Management Co LLC
Slip Robotics has successfully secured a $28 million Series B funding round to expand the production of its truck-loading robots, which significantly reduce the idling time of trucks at warehouses, thereby cutting emissions. Led by DCVC Management Co LLC with participation from existing investors like Eve Atlas and Tech Square Ventures, the funding will support Slip Robotics' subscription-based deployment across over 25 U.S. sites. The round, which began in Q3 and concluded in early Q4, marks a rapid and notable milestone for the Atlanta-based startup, which has previously raised $17 million. This investment also sees DCVC's general partner James Hardiman joining Slip's board, reflecting deep-tech investors' keen interest in operational efficiency technologies.
Sectors
- Robotics
- Logistics and Supply Chain
- Venture Capital
Geography
- United States – Slip Robotics has deployed its technology across more than 25 sites in the U.S., and the company is based in Atlanta.
Industry
- Robotics – The article centers on Slip Robotics, a company specializing in the development and production of truck-loading robots.
- Logistics and Supply Chain – Slip Robotics focuses on reducing the time and emissions associated with freight loading, impacting logistics and supply chain management.
- Venture Capital – Involvement of DCVC and other investors highlights the venture capital facet in funding rounds for technological innovations.
Financials
- $28 million – Series B funding raised by Slip Robotics.
- $17 million – Previous amount raised by Slip Robotics before this round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Slip Robotics | Target Company | Company | An Atlanta-based company developing robots that improve freight loading efficiency. |
| DCVC Management Co LLC | Lead Investor | Company | A deep-tech investor leading Slip Robotics' $28M Series B funding. |
| James Hardiman | Board Member | Person | General partner at DCVC who has joined Slip Robotics' board following the Series B round. |
| Eve Atlas | Investor | Company | An existing investor participating in Slip Robotics' Series B funding. |
| Tech Square Ventures | Investor | Company | An existing investor participating in Slip Robotics' Series B funding. |
| Hyde Park Venture Partners | Investor | Company | An existing investor participating in Slip Robotics' Series B funding. |
| Overline | Investor | Company | An existing investor participating in Slip Robotics' Series B funding. |
| Pathbreaker Ventures | Investor | Company | An existing investor participating in Slip Robotics' Series B funding. |