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Today: May 19, 2024
January 9, 2024
1 min read

Burro Secures $24M Series B Funding with Catalyst Investors and TransLink Capital

TLDR:

• Burro, a Philadelphia-based autonomous mobility company, has raised $24 million in a Series B funding round.
• The round was co-led by Catalyst Investors and Translink Capital, with participation from existing investors including S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital.

In the funding round, Brian Rich from Catalyst Investors and Kaz Kikuchi from Translink Capital will join Burro’s board of directors.

Burro was founded in 2017 and has developed an autonomous mobility platform to help customers deal with labour shortages in industries such as agriculture, nurseries and construction. The company’s robots can work safely and efficiently outdoors alongside humans, enabling customers to increase workforce efficiency within one year of investment.

Burro will use the funding to expand its commercial, product, and engineering teams, bring on more dealers, and launch new products in response to customer demand. The company has already delivered over 300 robots to customers, with more than 75,000 autonomous miles covered in paid commercial use.

Commenting on the company’s investment, Burro CEO Charlie Andersen said: “We are well on our way to delivering solutions for real-world problems, distributed worldwide through our network of dealers.”

Meanwhile, Catalyst Investors’ managing partner Brian Rich said Burro’s approach of augmenting labour with machines to increase efficiency and production was unique in the robotics sector and positioned the company to become the “dominant outdoor robotics company for various industries and uses.”

Kaz Kikuchi, partner at Translink Capital, added: “Burro is positioned to be the first robotic company to successfully scale in agriculture and other outdoor environments.”

Burro aims to

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