Warehouse robot startup BotsAndUs raises £11m

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Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed spherical led by Swiss venture cash business Lakestar.

London-centered BotsAndUs will use the capital to create its robots that are employed to measure, observe and find stock in a warehouse.

The startup’s robots use synthetic intelligence (AI) to create a digital twin of a warehouse. That mapping information can then be employed by operators to them run logistics extra proficiently in the warehouse.

BotsAndUs is also eying international growth into new markets such as Germany, France, the Nordics, the US and Canada.

Christoph Schuh, husband or wife, Lakestar mentioned: “More than 80% of warehouses have no automation at all. With warehouses envisioned to mature by 50% by 2025 and labour shortages of above 30%, automation evidently holds the important to guaranteeing logistics functions are as optimised as attainable.”

Established in 2015, BotsAndUs is effective with Menzies Aviation, an air cargo organization that is applied by London Heathrow Airport.

BotsAndUs not long ago entered a partnership with container logistics company Maersk to check out the software of its robots in 1 of its warehouses, initially to have out automated inventory management.

“It’s an exciting time for tech in London, and robotics and AI is one particular of our most revolutionary advancement sectors. This welcome expenditure in BotsAndUs even further cements our position as a international hub for innovation and venture money,” claimed Rajesh Agrawal, deputy mayor, London for Small business.

The round observed supplemental money arrive from investors Maersk Growth, Kindred Funds, and Capnamic. It follows BotsAndUs’s $6m (£4.9m) investment in July 2020.

Enterprise funds company Lakestar’s past backings contain the likes of Skype, Spotify, Fb and Airbnb. It manages €1.2bn (£1bn) across a few early-stage funds and a development fund.



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