Bossa Nova Raised $17.5 million to Count Retail Inventory Levels

  • Bossa Nova, a company that develops robots to analyze how much inventory in left in the shelves of stores (instead of having a human perform the tedious task), announced it received $17.5 million in Series B funding
  • The company is currently working with Wal-Mart to tests its robots, continuing to develop robots in Wal-Mart stores but also already operating in 50 Wal-Mart locations
  • Reasons for the most recent capital raise are to bring in new talent to help build robots but to also help the company keep its lead with the technology