Fox Robotics Raises $9M For Self-driving Forklifts

Austin-based Fox Robotics is announcing the close of a $9 million Series A led by Menlo Ventures, one of the most respected venture capital firms in Silicon Valley, and the addition of Mark Siegel, partner at Menlo Ventures, to its board of directors. Additional investors include Eniac Ventures, La Famiglia, SignalFire, Congruent Ventures and AME Cloud Ventures. Fox makes self-driving forklifts that are more flexible, more capable and safer than current AGV's. Fox's forklifts can tackle challenging tasks that no other automation can handle, such as unloading trailers without modifying the warehouse environment. Fox's forklifts can be installed and running in a new warehouse in less than a day, compared to the weeks or months that typical AGV's take for integration.