6 River Systems, Inc., a collaborative fulfillment solutions provider, acquired $25 million in a Series B financing round led by Menlo Ventures, with participation from existing investors including Norwest Venture Partners, Eclipse Ventures, and iRobot.
According to the company, 6RS has successfully deployed its system at three of the top five third-party logistics providers, and some of the largest retailers in the world and are realizing two to three times the pick rates at half the cost of past warehouse investments. In addition, 6RS was recently announced as a MHI Innovation Award finalist for the second year in a row. Award winners will be announced at MODEX 2018.
6RS plans to use the investment to enhance their collaborative fulfillment robot, “Chuck,” support development of a warehouse decision-making engine, and add more than 80 employees.