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bootstraplabs.com

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Investments

45

Portfolio Exits

4

Funds

4

Partners & Customers

6

About BootstrapLabs

BootstrapLabs is a venture capital firm based in Silicon Valley and focused on Applied Artificial Intelligence. BootstrapLabs invests in mission-driven founders who want to shape a better future by applying artificial intelligence to solve some of the world’s hardest problems in sectors such as Mobility, Enterprise Productivity, Cybersecurity, Intelligent Computing, Health, Energy, and FinTech, among others.

BootstrapLabs Headquarter Location

44 Tehama Street

San Francisco, California, 94105,

United States

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BootstrapLabs Web Traffic

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Latest BootstrapLabs News

Southie Autonomy secures $2.5 million seed funding and $5 million in robot lease financing

May 13, 2022

May 13, 2022 Southie Autonomy , a developer of intelligent robotic automation, has raised $2.5 million in seed funding led by BootstrapLabs, a venture capital firm focused on applied artificial intelligence, and with the participation of Ocean Azul. Kineo Finance participated in the equity round and is providing an additional $5 million in venture leasing to support Southie’s disruptive robot-as-a-service business model. Supply chain disruption and labor shortages have spotlighted the need for increased automation. However, many existing solutions are too costly, complex and time-consuming to changeover within highly dynamic manufacturing, warehousing and distribution environments. Southie Autonomy’s solution provides fast and flexible automation, creating a turnkey cell that can adapt to fluctuating demands and improve efficiency and margins. With Southie Autonomy’s no-code robotic arm software solution, manufacturers no longer need additional programming and engineering expertise to integrate and manage the automation. The platform utilizes artificial intelligence and augmented reality to automate highly variable contract packaging activities spanning kitting, packing to palletization, enabling daily line changeovers. The robotic arm can be configured within minutes eliminating the setup burden and can operate safely beside workers. The software is compatible with any robotic hardware and is currently being deployed by a handful of customers. Southie Autonomy, based in the MassRobotics collaboration space in Boston, was founded in 2018 by Draper alumni Rahul Chipalkatty and Jay M. Wong. The capital will help accelerate customer acquisition and build out the network of distribution partners. In addition, Southie Autonomy will scale its operations and expand the commercial and technical team. BootstrapLabs will join the board of Southie Autonomy. Rahul Chipalkatty, founder and CEO, Southie Autonomy, says: “We are thrilled to have investors that are pioneers in understanding how AI is changing our world and their support will enable Southie Autonomy to scale rapidly. “Our mission is to unlock the potential of robotic automation, removing the long-established barriers to adoption, cost, and complexity. Supply chain providers and manufacturers now have a turnkey solution to help overcome labor challenges.” Benjamin Levy, co-founder and general partner, BootstrapLabs, says: “Until now, it was very expensive and complex to reprogram robots to perform different tasks, causing the automation ROI to plummet. “With Southie’s innovative AI-powered robotic automation platform, it only takes minutes, and no coding is required. “This is a pivotal moment for the industry, and with its Robot-as-a-Service business model, Southie is poised to accelerate the adoption of collaborative robots across new industries and types of organizations.” Share this:

BootstrapLabs Investments

45 Investments

BootstrapLabs has made 45 investments. Their latest investment was in Rabot as part of their Seed VC on March 3, 2022.

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BootstrapLabs Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/18/2022

Seed VC

Rabot

$2M

Yes

7

3/11/2022

Seed VC

Southie Autonomy

$2.5M

Yes

Undisclosed Investors

3

11/2/2021

Unattributed VC - II

Cargo Chief

$1.5M

No

1

9/29/2021

Unattributed VC - II

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$99M

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10

9/27/2021

Series A - II

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$99M

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10

Date

3/18/2022

3/11/2022

11/2/2021

9/29/2021

9/27/2021

Round

Seed VC

Seed VC

Unattributed VC - II

Unattributed VC - II

Series A - II

Company

Rabot

Southie Autonomy

Cargo Chief

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Amount

$2M

$2.5M

$1.5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Undisclosed Investors

Sources

7

3

1

10

10

BootstrapLabs Portfolio Exits

4 Portfolio Exits

BootstrapLabs has 4 portfolio exits. Their latest portfolio exit was Fortella on August 31, 2021.

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

8/31/2021

Acquired

1

8/16/2021

Reverse Merger

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$99M

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10

5/6/2021

Acquired

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10

1/28/2021

Acquired

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10

Date

8/31/2021

8/16/2021

5/6/2021

1/28/2021

Exit

Acquired

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

10

10

BootstrapLabs Fund History

4 Fund Histories

BootstrapLabs has 4 funds, including BootStrapLabs.vc Seed Fund 2016.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/5/2018

BootStrapLabs.vc Seed Fund 2016

Early-Stage Venture Capital

Closed

$14.27M

2

2/5/2018

BootstrapLabs.vc Follow-On Fund 2016

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$99M

10

BootstrapLabs.VC Seed Fund 2019

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10

BootstraLabs Seed-Plus Fund

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10

Closing Date

4/5/2018

2/5/2018

Fund

BootStrapLabs.vc Seed Fund 2016

BootstrapLabs.vc Follow-On Fund 2016

BootstrapLabs.VC Seed Fund 2019

BootstraLabs Seed-Plus Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$14.27M

$99M

Sources

2

10

10

10

BootstrapLabs Partners & Customers

6 Partners and customers

BootstrapLabs has 6 strategic partners and customers. BootstrapLabs recently partnered with Position A Partners on December 12, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

12/20/2017

Partner

United States

BootstrapLabs and Position A are Partnering to Solve the World’s Hardest Technology Challenges in AI and Cyber – BootstrapLabs

SAN FRANCISCO , December 20 , 2017 -- BootstrapLabs , a leading early-stage venture capital firm focused on Applied Artificial Intelligence , and Position A Partners , a specialized investment , product innovation and corporate development firm , are partnering to offer founders a life-cycle approach to successfully build and scale companies that solve the hardest Artificial Intelligence and Cyber technology challenges in areas such as autonomous vehicles , identity management , data and transaction integrity , critical infrastructure , robotics , healthcare and government .

1

5/9/2017

Partner

United States

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10

8/12/2014

Client

United States

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10

4/9/2014

Partner

Singapore

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10

11/7/2010

Partner

United States

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10

Date

12/20/2017

5/9/2017

8/12/2014

4/9/2014

11/7/2010

Type

Partner

Partner

Client

Partner

Partner

Business Partner

Country

United States

United States

United States

Singapore

United States

News Snippet

BootstrapLabs and Position A are Partnering to Solve the World’s Hardest Technology Challenges in AI and Cyber – BootstrapLabs

SAN FRANCISCO , December 20 , 2017 -- BootstrapLabs , a leading early-stage venture capital firm focused on Applied Artificial Intelligence , and Position A Partners , a specialized investment , product innovation and corporate development firm , are partnering to offer founders a life-cycle approach to successfully build and scale companies that solve the hardest Artificial Intelligence and Cyber technology challenges in areas such as autonomous vehicles , identity management , data and transaction integrity , critical infrastructure , robotics , healthcare and government .

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Sources

1

10

10

10

10

BootstrapLabs Team

2 Team Members

BootstrapLabs has 2 team members, including current Founder, General Partner, Benjamin Levy.

Name

Work History

Title

Status

Benjamin Levy

Founder, General Partner

Current

Nicolai Wadstrom

Founder, Chief Executive Officer, General Partner

Current

Name

Benjamin Levy

Nicolai Wadstrom

Work History

Title

Founder, General Partner

Founder, Chief Executive Officer, General Partner

Status

Current

Current

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