Ambi Robotics Raises $26M Series A Funding Led by Tiger Global
Startup plans to use funding to boost deployments of AI-powered sorting robots to supply chain customers.
AmbiKit uses AI to automate kitting.
Ambi Robotics, which has applied simulation-to-reality AI technology for highly dexterous sorting robots, plans to use its latest funding to continue supply chain growth.
Robotics 24/7 Staff
· September 14, 2021
As a record number of warehouse workers is needed to support e-commerce growth, global brands are seeking assistive automation to increase throughput and safety for warehouse associates. Ambi Robotics today said it has closed its $26 million Series A funding round. The Emeryville, Calif.-based company has developed simulation-to-reality artificial intelligence for highly dexterous robots.
“Ambi Robotics combines cutting-edge AI technology with engaging user interfaces to transform the role of ‘item handlers’ to ‘robot handlers,’” said Jim Liefer, CEO at Ambi Robotics. “With our Series A funding, we will be able to empower more companies to help their associates work harmoniously alongside robots.”
The new funding comes at a time of significant customer growth and expansions just five months after the Emeryville, Calif.-based company emerged from stealth. Ambi Robotics said the financing will enable it to scale its team and operations to support rapid deployments throughout U.S. supply chain operations.
In addition, the company said it will expand its product and customer-support offerings, as there are now hundreds of warehouse associates across the country working alongside its automated sorting systems.
Ambi Robotics expands across the U.S.
Founded in 2018 as Ambidextrous, Ambi Robotics said its AmbiOS AI operating system uses proprietary simulation-to-reality technology to operate highly dexterous robots. AmbiOS trains algorithms 10,000 times faster than competing solutions, claimed the company. This allows customers to rapidly scale AI-powered systems and successfully sort a vast range of unique items from the first day of operation, it said.
Ambi Robotics offers AmbiSort for commercial sortation and AmbiKit for robotic kitting. The company began generating revenue through commercial deployments in October 2020, installing systems prior to the peak holiday buying season.
In addition, Ambi Robotics said it is expanding its fleet across the U.S. with global brands like Pitney Bowes. According to the Pitney Bowes Parcel Shipping Index, released today, U.S. parcel volume grew 37% year over year, reaching 20 billion units, up from 15 billion in 2019.
Looking ahead, Pitney Bowes forecasts U.S. parcel volume will nearly double by 2026, reaching 32 billion to 39 billion units annually.
Tiger Global leads round
Tiger Global Management LLC, a new investor, led Ambi Robotics' Series A round. Existing investors including Bow Capital, Vertex Ventures US, and The House Fund also participated.
“Ambi Robotics has quickly leapt to the front of the pack when it comes to AI robotic piece-picking for parcel sortation and e-commercefulfillment operations,” said Griffin Schroeder, a partner at Tiger Global. “The company is a market leader as a result of its strong team and technology, validated by a robust pipeline of customer growth as the company capitalizes on the vast supply chain and rapidly growing logistics market.”
Founded in 2001, Tiger Global is based in New York, with offices in Hong Kong, Singapore, Bangalore, and Melbourne. Since 2003, the firm’s private equity business has invested in technology companies including Locus Robotics, Facebook, LinkedIn, JD.com, Spotify, Peloton, Instacart, DoorDash, and Waymo.
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Experts in robotic grasping from UC Berkeley’s Dex-Net Project launched Ambi Robotics in 2018 to simplify logistics with adaptable AI-powered systems. The company develops advanced systems to scale e-commerce operations to meet demand while empowering humans to work smarter.
Ambi Robotics’ AmbiOS AI operating system uses proprietary...