Ambi Robotics raises $32m for AI powered parcel sorting systems
Ambi Robotics has announced $32 million in additional funding.
Existing investors Tiger Global and Bow Capital are joined by Ahren and the company’s strategic partner, Pitney Bowes. The cash will fuel the deployment growth of AI powered parcel sorting systems.
Total funding to date stands at $67 million.
“Consumer shopping behaviour is demanding a more modern warehouse. The strains of surging parcel volume shouldn’t rest on the shoulders of the supply chains’ most valued asset – people,” says Jim Liefer, CEO at Ambi Robotics.
“It’s humbling to see such sophisticated investors stepping forward and contributing to the success of our mission to empower people to handle more.''
The announcement comes on the heels of a $23 million deployment expansion deal with Pitney Bowes.
Ambi Robotics is completing the installation of more than 80 new AmbiSort A-Series parcel sorting solutions across the US to provide warehouse workers with automated sorting systems.
“Ambi Robotics is an important part of an innovation strategy that is helping Pitney Bowes improve service to our clients and efficiently grow our global e-commerce business,” says Gregg Zegras, EVP and President, Global E-commerce at Pitney Bowes.
“In Ambi Robotics, we see the same commitment to client-led innovation that has helped Pitney Bowes evolve and win in the marketplace for over 100 years. We look forward to continuing to work together to drive innovation in our global e-commerce hubs.”
"We have unwavering dedication to supporting DeepTech companies at the intersection of groundbreaking science and the highest-end technology – a sweet spot that drives positive impact in the world,'' says Alice Newcombe-Ellis, Founding and General Partner at Ahren.
"Since the team’s breakthrough discoveries in Sim2Real AI, Ambi Robotics has remained focused on applying its technology to solving real world problems, enabling critical services companies to execute on an overflowing supply chain and deliver to individuals globally."
