BotsAndUs today announced it has secured $13 million in seed funding. The London-based company said it will use the funds to expand globally, specifically targeting markets in Germany, France, the Nordics, the U.S., and Canada.
Founded in 2015, BotsAndUs said it “captures real-time insights of warehouse operations using fully autonomous robots and artificial intelligence.” In addition to producing its own robots, the company also makes its own robotics software platform for data capture, fleet management, and environment and asset scanning.
BotsAndUs software/hardware combo helps robots better manage goods
BotsAndUs said its mobile robots (AMR) quickly process pallets at every stage in their journey throughout a warehouse. Triggered by the arrival of goods, its robots capture the volume and condition as they enter and leave the warehouse. The same robots scan goods on shelves and record their location and quantity. The robots operate without human intervention and do not require additional investments in infrastructure.
“BotsAndUs is already paving the way for artificial intelligence and robotics to completely transform logistics,” said BotsAndUs CEO Andrei Danescu. “Our integrated AI and robotics platform is helping companies boost their performance and unlock their full potential. We’re confident we can make our vision a reality: transforming logistics on a global scale with real-time data to eliminate errors and enhance performance across all steps.”
Efficient warehousing is a crucial part of global supply chains, the company argued. The rapid increase in demand for near-instantaneous storage, dispatch, and delivery of goods is placing enormous time and cost pressures on companies who now need to rethink and enhance their logistics and storage operations. Sixty-nine percent of companies are currently looking to improve their inventory control and lower costs, the company said.
Lakestar leads the round, with participation from Maersk Growth, Kindred Capital, and Capnamic.
“More than 80% of warehouses have no automation at all,” said Lakestar Partner Christoph Schuh. “With warehouses expected to grow by 50% by 2025 and labor shortages of over 30%, automation clearly holds the key to ensuring logistics operations are as optimized as possible.
“Logistics is an industry that always faced margin pressures and little means to invest into a digital infrastructure. BotsAndUs real-time data capture abilities create this infrastructure and the basis for long-term automation of warehousing operations,” he added.
BotsAndUs said it already has won key customers across various industries. In addition to Maersk and Huboo, BotsAndUs works with Menzies Aviation, the air cargo company that services more than 200 airport locations—including at Europe’s largest airport, London Heathrow.
“Most warehouses have limited or no automation and could benefit significantly from exploring this space. Many firms currently stretch the capacity of people and process in response to business challenges,” said Oliver Finch, an investment partner at Maersk Growth. “BotsAndUs provides an easy on-ramp for warehouses to explore automation, enrich data and enable intelligent optimization to utilize untapped capabilities from existing assets and teams.”
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