Bossa Nova lands fresh funding, eyes international expansion

US-based inventory robots venture, Bossa Nova, has closed a $29 million funding round led by Cota Capital. With new participation from China Walden Ventures, LG Electronics, alongside existing investors, this brings its total funding to $70 million.

The cash will be used to further recruitment and R&D efforts. The company, whose robots are currently deployed in 50 Walmart stores across the US, is also exploring opening international offices.

“The global retail industry is at a critical inflection point,” says Bruce McWilliams, President and CEO at Bossa Nova. “Today’s retail powerhouses require accurate, real-time product information to create a seamless omnichannel shopping experience expected by all customers. Our technology gives retailers a data-rich and dynamic foundation to transform their store operations. We’re thrilled to have Cota Capital’s support.”