Bossa Nova Raises Money To Put More Robots In Retail Aisles

Robots made by Bossa Nova Robotics are already roaming retail aisles in various parts of the country, and pretty soon there will be more of them.

Bossa Nova Robot
Courtesy of Bossa Nova Robotics

The company has obtained $29M in new venture funding from Cota Capital, China Walden Ventures and LG Electronics to up its game in robo-retail, Venture Beat reports.

The robots' job in a store is to go up and down aisles while scanning shelves, telling the retailer which items will soon be out of stock and identifying shelves where incorrect or missing price tags are located, as well as misplaced products.

The robots use basic RGB photos and point-cloud images to do their tasks, and move at about 0.4 miles per hour, slow enough that they are unlikely to collide with shoppers or objects in the aisles. The robots are also equipped with sensors to prevent such mishaps.

Late last year, Walmart started testing the bots. They can complete their scanning rounds about 50% faster than human workers, Geek.com reports, but Walmart says they do not intended to replace those workers.

Now Bossa Nova robots scan shelves three times a day in 50 Walmart stores in Arkansas, California, Florida, Pennsylvania and Texas.

The new round of funding will enable the robotics specialist to pursue international expansion, make software improvements and look into the deployment of robots that will be able to roam smaller stores.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M

BXP Execs See Better Returns In Building Offices Than Buying Them

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity