Morpheus Ventures heads up Starship Technologies funding round
Autonomous robot delivery company Starship Technologies has secured $40 million in Series A funding.
The round was led by Morpheus Ventures with participation from prior investors including Shasta Ventures, Matrix Partners, MetaPlanet Holdings as well as newcomers like TDK Ventures and Qu Ventures.
It has now raised $85 million in total. The venture has also announced plans to expand to 100 university campuses in the next 24 months (this includes University of Pittsburgh which launched yesterday and Purdue University which is coming soon). Starship robots have now completed 100,000 deliveries, making it the first autonomous delivery company to reach this milestone.
“We’ve evaluated the autonomous tech market segment around the world, and Starship is miles ahead of others in bringing advanced technology valued by real paying customers,” says Nicolas Sauvage, Managing Director at TDK Ventures.
"Starship’s machine learning, computer vision and sensor fusion is the most advanced we’ve seen in autonomous robotic delivery. We look forward to contributing to the success of Starship in this important and emerging space.”
“We are heading towards a goal of offering our service to over one million students,” comments Lex Bayer, CEO at Starship Technologies.
“An entire generation of university students are growing up in a world where they expect to receive a delivery from a robot after a few taps on their smartphone. The reception to our service both on campuses and in neighbourhoods has been phenomenal. Our customers appreciate how we make their lives easier and give them back the gift of time.”