Wednesday, November 30, 2022
HomeRoboticsAttabotics brings in $71.7M in Collection C funding

Attabotics brings in $71.7M in Collection C funding


Hearken to this text

Voiced by Amazon Polly

Attabotics’ automated storage and retrieval system can scale back warehouse area by 85%. | Supply: Attabotics

Attabotics introduced that it introduced in $71.7 million in Collection C-1 funding. The most recent spherical brings its complete funding to $165.1 million since its founding in 2015. 

The Canadian automated storage and retrieval system (ASRS) developer plans to make use of the Collection C funding to additional speed up the commercialization of its robotic warehousing resolution. Attabotics‘ resolution condenses typical warehouses right into a single, vertical storage construction. 

Contained in the system, Attabots, or robotic shuttles, transfer in 3D area to select items and current them to staff at workstations on the skin perimeter. This technique can scale back a retailer’s required warehouse area by as much as 85% and allow supply occasions as quick as one hour. 

“Our imaginative and prescient from day one has been revolutionizing the present provide chain system by providing retailers a quick, sustainable and ultramodern mannequin to satisfy buyer wants,” Scott Gravelle, founder and CEO of Attabotics, mentioned. “Creating the software program and {hardware} wanted to resolve the worldwide provide chain drawback is a large enterprise however this new funding, together with the assist from our buyers and group, will permit us to scale our expertise and double down on our dedication to implementing probably the most superior success expertise in the marketplace.”

Export Growth Canada (EDC) led the funding spherical, which additionally included participation from the Ontario Lecturers’ Pension Plan Board (Ontario Lecturers’) by Lecturers’ Enterprise Development (TVG).

“It has been a privilege constructing a strategic relationship with Attabotics. They’re a forward-thinking firm creating revolutionary applied sciences to handle world provide chain challenges for contemporary commerce whereas decreasing commerce’s environmental footprint,” Guillermo Freire, Senior Vice President Mid-Market Group at EDC, mentioned. “EDC is right here to speed up the worldwide progress of mid-market firms like Attabotics. As a strategic accomplice, we cannot solely assist with our monetary options, however may assist fast-forward their progress by leveraging our worldwide networks to assist developments into new markets and to develop new buyer relationships all over the world.”

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments