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HomeFunding PA-based Burro Secures $24M in Series B Round Funding

[Funding alert] PA-based Burro Secures $24M in Series B Round Funding

PA-based Burro secures $24M in series B round funding. The round was led by Catalyst Investors and Translink Capital with previous investors S2G Ventures, Toyota Ventures, F-Prime Capital and Cibus Capital also contributing.

PA-based Burro secures $24M in series B round funding. The round was led by Catalyst Investors and Translink Capital with previous investors S2G Ventures, Toyota Ventures, F-Prime Capital and Cibus Capital also contributing.

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Burro robots work alongside humans at nurseries, vineyards and farms, helping to move produce and plants. The fresh funding will go toward scaling the business by selling its product through more dealers, launching new products, and hiring for Burro’s commercial, product and engineering teams.

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The Callowhill-based, 44-person company is already pursuing these goals with the launch of its new product, Burro Grande, this week. This autonomous vehicle can carry and tow more weight than the original product, which Andersen calls a “pallet scale vehicle.”

Andersen said, “You’ve got this really, really like just a great group of people, a great talent pool that is local to the community that really wants to do robotics and is enthusiastic about it, And my hope is that there is a crescendo of other companies like us.”

Over the last five years, Burro’s technology has improved and the product is more commercially practical, resulting in increased demand, Andersen said. This year, he expects to see more sales through dealers and more sales in other parts of the world.

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About Burro

Their goal is to develop collaborative robots in order to address the severe labour shortage that farmers currently confront. Burro will be their first step in doing this.

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Burro is a robotic platform that can follow people and move cargo on its own. This allows humans to focus on more important work by freeing them up from labor-intensive, low-value chores.

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