Monday, December 5, 2022
HomeRoboticsAttabotics brings in $71.7M in Sequence C funding

Attabotics brings in $71.7M in Sequence C funding


Hearken to this text

Voiced by Amazon Polly

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

Attabotics introduced that it introduced in $71.7 million in Sequence C-1 funding. The newest spherical brings its whole 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 Sequence 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 house to choose items and current them to employees at workstations on the surface perimeter. This method can cut back a retailer’s required warehouse house by as much as 85% and allow supply instances 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 meet buyer wants,” Scott Gravelle, founder and CEO of Attabotics, mentioned. “Creating the software program and {hardware} wanted to resolve the worldwide provide chain downside is an enormous enterprise however this new funding, together with the help from our traders and crew, will enable us to scale our expertise and double down on our dedication to implementing essentially the most superior success expertise in the marketplace.”

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

“It has been a privilege constructing a strategic relationship with Attabotics. They’re a forward-thinking firm creating progressive 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 help with our monetary options, however may also assist fast-forward their progress by leveraging our worldwide networks to help developments into new markets and to develop new buyer relationships world wide.”

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments