McRock Capital and Translink Capital Co-Lead $33M Series B Financing of Plus One Robotics

Choate represented McRock Capital and Translink Capital as they co-led the $33M Series B financing of Plus One Robotics, a human-robot collaboration software company headquartered in San Antonio. Plus One’s 3D and AI-powered vision software, PickOne, works with any robot, gripper, and cloud service to deliver precise hand-eye coordination enabling robots to perform a range of warehouse tasks. The funding will support Plus One’s ongoing expansion in the U.S. and Europe, as well as continued product development that is being driven by the global boom in e-commerce.

The funding round also had participation from BMW i Ventures, Kensington Capital Partners, Perot Jain and Ironspring Ventures alongside existing investors.