Warehouse robot startup BotsAndUs raises £11m
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Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss undertaking money business Lakestar.
London-dependent BotsAndUs will use the funds to build its robots that are applied to measure, monitor and track down inventory in a warehouse.
The startup’s robots use synthetic intelligence (AI) to produce a electronic twin of a warehouse. That mapping information can then be employed by operators to them operate logistics more efficiently in the warehouse.
BotsAndUs is also eying global enlargement into new marketplaces this sort of as Germany, France, the Nordics, the US and Canada.
Christoph Schuh, lover, Lakestar reported: “More than 80% of warehouses have no automation at all. With warehouses predicted to increase by 50% by 2025 and labour shortages of about 30%, automation clearly holds the crucial to ensuring logistics operations are as optimised as achievable.”
Launched in 2015, BotsAndUs works with Menzies Aviation, an air cargo company that is made use of by London Heathrow Airport.
BotsAndUs not too long ago entered a partnership with container logistics firm Maersk to check out the software of its robots in a person of its warehouses, in the beginning to carry out automatic inventory management.
“It’s an interesting time for tech in London, and robotics and AI is just one of our most innovative expansion sectors. This welcome financial investment in BotsAndUs further more cements our situation as a global hub for innovation and venture cash,” explained Rajesh Agrawal, deputy mayor, London for Business enterprise.
The round observed extra cash appear from investors Maersk Progress, Kindred Money, and Capnamic. It follows BotsAndUs’s $6m (£4.9m) investment in July 2020.
Venture funds organization Lakestar’s past backings consist of the likes of Skype, Spotify, Fb and Airbnb. It manages €1.2bn (£1bn) across a few early-stage cash and a expansion fund.
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