Bossa Nova raises $29M 

 June 22, 2018

By  Mike Oitzman

Bossa Nova raises new capital to continue market expansion

June 21, 2018

Bossa Nova announced that they have secured a $29M  venture round of funding, bringing their total funding to date to $69.6M. This round includes investors: Intel Capital, Cota Capital, Walden Riverwood Ventures, Lucas Venture Group, LG, and PacVen Walden Ventures.

Bossa Nova is innovating in the retail space with a mobile inventory solution which navigates a physical store to inventory product on the store shelves. The Bossa Nova solution use machine vision and artificial intelligence to take images of the store shelves and identify where each product is located in the store. In the imaging platform is maneuvered around the store aisles on the back of an autonomous mobile robot.

Bossa Nova robot navigates a store eisle

With the data collected by the system, products can be inventoried to check for stock outs or low inventory. As a result, the store inventory management system can automatically schedule stocking clerks to replenish inventory on the shelves, or order new inventory from a distribution center.

In addition, the store planogram can also be remotely verified to help product manufacturers ensure that product is located on the appropriate shelving. Prior to the Bossa Nova solution, planograms had to be manually verified by manufacturer representatives who would drive all over the city to check each individual store.

The Bossa Nova robots use SLAM navigation methodologies to safely operate around the store staff and the public. The vehicles can operate in the store continuously throughout the day, and can replan a route through the store if an aisle is blocked with shoppers or pallets of products for restocking.

Walmart has announced that they have deployed Bossa Nova robots in stores throughout the US.

For more information:

Bossa Nova Robotics

About the author 

Mike Oitzman

Mike Oitzman brings 25 years of product management and product marketing experience to the role of publisher and editor for Mobile Robot Guide. Mike is a respected expert in the mobile robot market and is a frequent panel leader and speaker at events and tradeshows.

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