RightHand Robotics Valuation, Funding & Investors

RightHand Robotics is valued at $240M as of February 2022.

Last RightHand Robotics valuation

$240M

Series C · Feb 2022

Last RightHand Robotics funding round

$66M

Series C · Feb 2022

Cumulative funding RightHand Robotics raised

$100M

across 4 funding rounds

Key investors in RightHand Robotics

  • Matrix Partners
  • GV
  • Menlo Ventures
  • Playground Global
  • Maniv Mobility
  • Dream Incubator

RightHand Robotics Overview

About RightHand Robotics

RightHand Robotics is a Somerville, Massachusetts-headquartered robotics company founded in 2015 that deploys AI-powered picking systems for e-commerce fulfillment centers. Its RightPick platform handles diverse SKUs in apparel, electronics, and grocery orders from bins and totes without manual tuning. Customers include major retailers processing high-volume operations in the US and Europe.


Founded

2014

HQ

United StatesBoston, MA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

Valuation

$240M (Feb 2022)

RightHand Robotics Valuation

RightHand Robotics is currently valued at $240M, based on its Series C in February 2022.

The $66M round was led by Safar Partners, SoftBank Group and THL, with participation from Global Brain Corporation, Menlo Ventures, GV, Zebra Ventures, Matrix Partners and 3 other investors.

RightHand Robotics valuation by funding round

RightHand Robotics valuation by funding round
DateStageValuation
Feb 2022Series C$240M

RightHand Robotics Funding History

RightHand Robotics has raised a total of $100M across 4 funding rounds.

RightHand Robotics' first fundraising round was a $3M seed round in October 2015. The most recent completed round was a $66M Series C in February 2022.

RightHand Robotics funding rounds

RightHand Robotics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series CSafar Partners (lead); SoftBank Group (lead); THL (lead); Global Brain Corporation; Menlo Ventures; GV; Zebra Ventures; Matrix Partners; Future Shape; F-Prime; EPSON X Investment$66M$240MRightHand Robotics, a Somerville, Massachusetts-based company, develops robotics solutions for warehouse and fulfillment operations, including the RightPick 3 piece-picking system that uses AI, intelligent grippers, and machine vision for faster and more accurate order picking. The system is deployed with retailers and integration partners in Europe, such as Japanese wholesaler Paltac and apo.com Group, addressing labor shortages and improving efficiency in supply chain logistics. On February 23, 2022, the company closed a $66 million Series C funding round, with $46.9 million in a second tranche, bringing total funding to around $100 million including prior raises of $53.3 million. The round was led by Safar Partners, Thomas H. Lee Partners (THL), and SoftBank Vision Fund 2, with participation from Zebra Technologies, Epson (via EPSON X Investment), Global Brain, and returning investors GV, Menlo Ventures, F-Prime Capital, Matrix Partners, and Future Shape. Funds will support product development, hiring, office expansion, business acceleration, and global scaling to meet warehouse operators' needs for scalable fulfillment services. Prior rounds were led by Menlo Ventures and Playground Global. CEO Yaro Tenzer highlighted the excitement around piece-picking automation for predictable throughput and lights-out item handling. SoftBank's Ram Trichur praised the flexible, full-stack platform for integration into existing systems, reducing fulfillment costs amid global labor challenges in e-commerce and logistics.
Dec 2018Series BMenlo Ventures (lead); GV; Dream Incubator; Matrix Partners; Playground Global$23M-RightHand Robotics, based in Somerville, Massachusetts, develops integrated robotic piece-picking solutions for e-commerce order fulfillment and intralogistics. The company's RightPick platform combines software and hardware to automate the picking and placing of individual items in distribution center workflows, addressing labor scarcity challenges in the e-commerce sector. The platform serves multiple industries including electronics, apparel, grocery, and pharmaceuticals, with deployments across North America, Japan, and Europe by the time of this funding round. In December 2018, RightHand Robotics closed a Series B funding round of $23 million led by Menlo Ventures. Google Ventures (GV), along with existing investors Dream Incubator, Matrix Partners, and Playground Global, participated in the round. The company had previously raised $8 million in a Series A round in March 2017. Former Kiva Systems CEO Mick Mountz and Mark Siegel from Menlo Ventures joined the board as part of this investment. The company planned to deploy the Series B capital toward expanding business and technical teams, accelerating talent acquisition, pursuing international growth, and broadening its RightPick product line. Investors were impressed by customer traction, system performance (range, rate, and reliability), and the founding team's robotics expertise. The financing positioned RightHand to scale deployments during the period of rapid e-commerce growth driven by the shift to online shopping.
Mar 2017Series APlayground Global (lead); Maniv Mobility; Dream Incubator; Matrix Partners; Seven Seas Partners$8M-RightHand Robotics raised an $8 million Series A funding round in March 2017, with investors including Playground Global, Matrix Partners, and others. The company develops robotic piece-picking solutions for order fulfillment automation across industries including e-commerce, pharmaceuticals, and apparel. Later financial data shows the company reached $240 million valuation by February 2022 and $10 million in revenue by 2022, demonstrating significant growth trajectory. RightHand Robotics has since raised $126.88 million across nine funding rounds as of March 2025.
Oct 2015SeedManiv Mobility; Andy Payne$3M--

Who has invested in RightHand Robotics?

16 investors have backed RightHand Robotics across its funding rounds, including Matrix Partners, GV, Menlo Ventures, Playground Global, Maniv Mobility and Dream Incubator.

Lead investors include Safar Partners, SoftBank Group, THL, Menlo Ventures and Playground Global.


RightHand Robotics Investors

Investors in RightHand Robotics by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix PartnersUnited StatesBoston, MA3ParticipantMar 2017
Maniv MobilityIsraelTel Aviv2ParticipantOct 2015
Menlo VenturesUnited StatesSan Francisco, CA2LeadDec 2018
GVUnited StatesSan Francisco, CA2ParticipantDec 2018
Dream IncubatorJapanTokyo2ParticipantMar 2017
Playground GlobalUnited StatesSan Francisco, CA2LeadMar 2017
Global Brain CorporationJapanTokyo1ParticipantFeb 2022
SoftBank GroupJapanTokyo1LeadFeb 2022
Zebra VenturesUnited StatesChicago, IL1ParticipantFeb 2022
Future ShapeFranceParis1ParticipantFeb 2022
F-PrimeUnited StatesUnited States1ParticipantFeb 2022
Safar PartnersUnited StatesUnited States1LeadFeb 2022
Seven Seas PartnersUnited StatesUnited States1ParticipantMar 2017

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RightHand Robotics Competitors

RightHand Robotics competitors include listed companies like A2Z Cust2Mate and BASE, and private ones like Elementum, SIRCLO, Circle.us and Lingxing.

Public and private companies comparable to RightHand Robotics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ElementumUnited StatesSalt Lake City, UTPrivate--$220M-
SIRCLOIndonesiaJakartaPrivate--$343M-
Circle.usUnited StatesNewark, NJPrivate--$152M-
LingxingChinaShenzhenPrivate--$484M-
A2Z Cust2MateCanadaCanadaPublicly listed$8M($35M)$249M7.4x
BASEJapanJapanPublicly listed$133M$11M$251M0.8x

RightHand Robotics Public Comps

RightHand Robotics is still privately-owned, but its public comps include Youzan Technology, Hunan Copote Science, A2Z Cust2Mate, BASE, Angel Robotics, Aurotek, SmartRent, Butler National, Cafe24 and 91APP.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Youzan Technology$222M$24M0.6x-5.9x-
Hunan Copote Science$79M($63M)3.6x-(4.5x)-
A2Z Cust2Mate$8M($35M)25.9x7.4x(5.8x)(14.3x)
BASE$133M$11M0.8x0.8x10.3x9.8x
Angel Robotics$3M($6M)61.7x-(33.3x)-
Aurotek$78M$8M3.2x-32.2x-
SmartRent$152M($56M)0.9x0.9x(2.4x)(54.1x)
Butler National$98M$37M2.7x-7.0x-

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Common questions about RightHand Robotics

When was RightHand Robotics founded?RightHand Robotics was founded in 2014.
Where is RightHand Robotics headquartered?RightHand Robotics is headquartered in Boston, MA, United States.
Is RightHand Robotics publicly listed?No, RightHand Robotics is a private, VC-backed company.
What is RightHand Robotics' valuation?RightHand Robotics was last valued at $240M in its Series C in February 2022.
How much funding has RightHand Robotics raised?RightHand Robotics has raised $100M across 4 funding rounds.
What was RightHand Robotics' last funding round?RightHand Robotics' last funding round was a $66M Series C in February 2022, led by Safar Partners, SoftBank Group and THL.
Who are RightHand Robotics' investors?RightHand Robotics' investors include Matrix Partners, Maniv Mobility, Menlo Ventures, GV, Dream Incubator, Playground Global, Global Brain Corporation, SoftBank Group, Zebra Ventures, Future Shape and 6 others.
Which companies are comparable to RightHand Robotics?Companies comparable to RightHand Robotics include Elementum, SIRCLO, Circle.us, Lingxing, A2Z Cust2Mate and BASE.

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