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Venture Capital
artiman.com

Investments

145

Portfolio Exits

17

Funds

16

About Artiman Ventures

Artiman Ventures focuses commercialize technologies to create companies. The firm is actively involved with earliest stages of company creation in distilling ideas and opportunities, brainstorming, refining business plans, building high energy teams, developing channel partners and customers, and syndicating venture financings.

Headquarters Location

2000 University Ave Suite 602

East Palo Alto, California, 94303,

United States

650-845-2020

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Latest Artiman Ventures News

Boxbot: $12 Million Closed To Build Vertical Automation Solution To Sort Packages for Last-Mile Carriers

Sep 23, 2023

Boxbot – a vertical automation solution that sorts and stores packages for last-mile carriers – recently announced a $12 million Series A round led by Playground Global. Maersk Growth (the venture arm of A.P. Moller), Toyota Ventures, Pear Ventures, and Artiman Ventures also participated in the round – which brings the company’s total funding to $29.5 million. The funding round will be used to accelerate the company’s mission of enabling carriers to provide more efficient delivery experiences and bolster the team’s engineering and business operations. And Playground Global Venture Partner Richard Peretz, former CFO at UPS, will join the company’s board of directors. Boxbot transforms conveyors into intelligent three-dimensional package handling systems. And the platform can store, sort, and sequence size-agnostic, high throughput payloads while requiring a minimal physical footprint. The storage density is maximized by dynamically adapting the space required for each payload in real time. Plus, the system is designed for flexibility and can be easily installed in both new or existing facilities. Last mile delivery continues being the most operationally complex and resource-intensive component of parcel logistics. And with their solution, Boxbot is driving down the cost of last mile delivery through warehouse automation that unlocks transformative applications. These include wave-based vehicle dispatch, real-time route density optimization, merge-in-transit that reduces last mile stop count, consumer pick-up/drop-off, and bonded storage. The global package volume continues to rise with Pitney Bowes reporting more than 159 billion parcels were shipped in 2021, up 21% from 2020 and is likely to reach 205 billion parcels in 2024. Consumers demand better service levels while still expecting free delivery – reinforcing the need for core productivity improvements. Over 90% of consumers view 2-day or 3-day delivery as the standard, and 30% expect same day delivery, according to McKinsey. But only 20% of consumers are willing to pay more for faster shipping when free delivery options are available. Boxbot’s team – drawing on deep expertise from the worlds of factory automation, robotics, and logistics – realized that no company addressed these core challenges with a single product. This layered modular system provides significant efficiency and performance improvements to parcel logistics and enables sustained volume growth in the years to come. KEY QUOTES: “Boxbot is modernizing conveyor belts for smarter dispatch. I’ve seen firsthand that there is a massive opportunity to shift manual processes to machine-enabled smart and efficient solutions leveraging software and hardware. Boxbot’s one-stop solution is a versatile and integrated system that works across a variety of areas in the supply chain.” — Richard Peretz “Carriers have expanded their network capacities aggressively during the hypergrowth phase of e-commerce preceding and throughout COVID. The next phase will be about using automation to enable volume growth through higher productivity, especially as the lasting impact of labor shortages and inflation are acutely felt.” — Boxbot founder and CEO Austin Oehlerking Trending on Pulse 2.0

Artiman Ventures Investments

145 Investments

Artiman Ventures has made 145 investments. Their latest investment was in Boxbot as part of their Series A on September 9, 2023.

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Artiman Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/18/2023

Series A

Boxbot

$12M

No

2

6/29/2022

Series E - II

Visby Medical

$35M

No

5

3/1/2022

Series E

Visby Medical

$100M

No

18

1/20/2022

Series C - II

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$99M

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10

10/5/2021

Series A - II

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10

Date

9/18/2023

6/29/2022

3/1/2022

1/20/2022

10/5/2021

Round

Series A

Series E - II

Series E

Series C - II

Series A - II

Company

Boxbot

Visby Medical

Visby Medical

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Amount

$12M

$35M

$100M

$99M

New?

No

No

No

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Co-Investors

Sources

2

5

18

10

10

Artiman Ventures Portfolio Exits

17 Portfolio Exits

Artiman Ventures has 17 portfolio exits. Their latest portfolio exit was Prysm on August 06, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/6/2020

Asset Sale

$99M

1

12/4/2019

Acquired

$99M

2

7/22/2019

Acquired

$99M

1

1/31/2019

Acquired

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$99M

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10

9/12/2017

Acquired

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$99M

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10

Date

8/6/2020

12/4/2019

7/22/2019

1/31/2019

9/12/2017

Exit

Asset Sale

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

2

1

10

10

Artiman Ventures Fund History

16 Fund Histories

Artiman Ventures has 16 funds, including Artiman Ventures Special Opportunities Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/13/2011

Artiman Ventures Special Opportunities Fund

Early-Stage Venture Capital

Closed

$65.06M

1

2/11/2011

Artiman Ventures III Affiliates Fund

1

2/11/2011

Artiman Ventures III Principals Fund

1

7/23/2010

Artiman Ventures III

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10

12/31/2009

Artiman Ventures I Co Investment Fund LP

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10

Closing Date

9/13/2011

2/11/2011

2/11/2011

7/23/2010

12/31/2009

Fund

Artiman Ventures Special Opportunities Fund

Artiman Ventures III Affiliates Fund

Artiman Ventures III Principals Fund

Artiman Ventures III

Artiman Ventures I Co Investment Fund LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$65.06M

Sources

1

1

1

10

10

Artiman Ventures Team

6 Team Members

Artiman Ventures has 6 team members, including current Managing Director, Tom Dennedy.

Name

Work History

Title

Status

Tom Dennedy

Managing Director

Current

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Name

Tom Dennedy

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Work History

Title

Managing Director

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Status

Current

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