The uptick in robotics funding continues today with a huge round for Calgary, Alberta’s Attabotics. The warehouse satisfaction startup announced a $50 million Series C, led– surprisingly enough– by the Ontario Teachers’ Pension Board, Canada’s biggest pension.
It’s a pretty hot moment for robotics and automation investing, as more markets rely on innovation to replace and augment employees amidst the COVID-19 pandemic. Warehouse satisfaction in particular has actually been a big potential growth market. Amazon’s determination throughout the shutdown indicate a variety of methods which robotics can help an industry keep its lights on even as an extremely infectious virus has a profound effect on the human population.
Image Credits: Attabotics Creator and CEO/CTO Scott Gravelle acknowledged as much in a news release tied to the news, noting,”Attabotics has seen a significant uptick in interest from sellers and brand names since we have actually developed an innovative method for commerce business to modernize their supply chain. COVID-19 has considerably sped up commerce development and demand for warehouse area, making supply chain effectiveness a critical concern for all.”
Attabotics is most significant for its “3D” storage system, with wheeled carts efficient in proceeding a Z, y or x axis. It’s a system the Canadian startup says was influenced by the three-dimension motions of ant colonies. From there, human workers can pick, location and ship the contents. It’s a system not dissimilar to those deployed by Amazon Robotics, which relies on a type of cooperative relationship in between human and robotic workers.
Image Credits: Attabotics The Series C brings Attabotics’overall funding approximately$ 82.7 million, following a$25 million raise last July. Efficiently doubling the previous quantity this round definitely indicates increased interest in an uncertain environment. The business states it will be utilizing this round to accelerate commercial implementation and purchase the development of new technologies.
Attabotics’ tech is currently deployed in six areas in North America. The company says its robotics are being used by the food, B2B and retail sectors, consisting of a deal with Nordstrom.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.