Bossa Nova raises $17.5 million for shelf-scanning mobile robots

Bossa Nova Robotics, a Silicon Valley developer of autonomous service robots for the retail industry, announced the close of a $17.5 million Series B funding round led by Paxion Capital Partners and participation by Intel Capital, WRV Capital, Lucas Venture Group (LVG), and Cota Capital. This round brings Bossa Nova's total funding to date to $41.7 million. Bossa Nova helps large scale stores automate the collection and analysis of on-shelf inventory data by driving their sensor-laden mobile robots autonomously through aisles, navigating safely among customers and store associates. The robots capture images of store shelves and use AI to analyze the data and calculate the status of each product including location, price, and out-of-stocks which is then aggregated and delivered to management in the form of a restock action plan. They recently began testing their robots and analytic services in 50 Walmart stores across the US.