Attabotics brings in $71.7M in Sequence C funding

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Attabotics’ automated storage and retrieval system can scale 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 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 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 select items and current them to employees at workstations on the skin perimeter. This technique can scale back a retailer’s required warehouse house by as much as 85% and allow supply instances as brief 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 downside is a large enterprise however this new funding, together with the help from our buyers and crew, will permit us to scale our expertise and double down on our dedication to implementing essentially the most superior achievement expertise in the marketplace.”

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

“It has been a privilege constructing a strategic relationship with Attabotics. They’re a forward-thinking firm growing modern applied sciences to handle international 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 development of mid-market corporations like Attabotics. As a strategic accomplice, we cannot solely help with our monetary options, however also can assist fast-forward their development by leveraging our worldwide networks to help developments into new markets and to develop new buyer relationships all over the world.”

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