(Forbes) — Fetch is one of the most closely watched robotics startups and raised a $20 million round of funding in June from Softbank. Previous investors include Shasta Ventures and O’Reilly AlphaTech Ventures. In April, Fetch introduced two wheeled, one-armed robotics models as a way to automate warehouses and manufacturing buildings. Fetch can pick up items off a shelf and drop them onto a cart atop the machine, potentially replacing people.
In an interview, Fetch founder Melonee Wise explained her company is concentrating on robots for use in manufacturing and warehousing. She said that while company explored robots for the home, Fetch research found expectations are too high and the price tolerance is way too low for home-based robots. Conversely, logistics and materials handling and manufacturing is very scalable. There’s a strong need for it due to a 600,000-person job gap right now for logistics and manufacturing.Tags: Fetch, manufacturing, Melonee Wise, O'Reilly AlphaTech Ventures, Shasta Ventures, warehousing