Attabotics Raises $71M in Series C-1 to Bolster 3D Robotic Warehousing
Attabotics said the funding caps off a banner year for the company that included the release of its new Attabot and numerous new partnerships.
Attabotoics' Attabot 2022 model.
Attabotics has increased its total funding amount to $165 million following the recent Series C-1 funding round.
Robotics 24/7 Staff
· November 16, 2022
Attabotics yesterday announced it has raised $71 million in Series C-1 funding, which it said it will use to further accelerate the commercialization of its 3D robotics warehousing solution in the wake of growing post-COVID-19 demand.
The Calgary, Alberta-based company said it replaces the rows and aisles of traditional fulfillment centers with a patented storage structure and robotics shuttles that use both horizontal and vertical space. Robotic shuttles are known as Attabots and move in three-dimensional space to pick goods that are presented to workers at the workstation on the outside perimeter.
The company was founded in 2016 and said it serves brands and other retailers across apparel, food and beverage, and home goods.
“Creating the software and hardware needed to solve the global supply chain problem is a massive undertaking but this new funding, along with the support from our investors and team, will allow us to scale our technology and double down on our commitment to implementing the most advanced fulfillment technology on the market, said Scott Gravelle, founder and CEO of Attabotics.”
The funding was round led by Export Development Canada (EDC) with participation from Ontario Teachers’ Pension Plan Board through Teachers’ Venture Growth (TVG). The round brings Attabotics’ total funding to $165 million to date.
“It has been a privilege building a strategic relationship with Attabotics. They are a forward-thinking company developing innovative technologies to address global supply chain challenges for modern commerce while reducing trade’s environmental footprint,’’ said Guillermo Freire, senior vice president of EDC’s Mid Market Group.
“EDC is here to accelerate the international growth of mid-market companies like Attabotics. As a strategic partner, we can not only support with our financial solutions but can also help fast-forward their growth by leveraging our international networks to support advancements into new markets and to develop new customer relationships around the world,“Freire added.
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