BotsAndUs bags $13m in funding for warehouse data intelligence platform
BotsAndUs has secured $13 million in seed funding to expand its autonomous logistics solution globally.
Lakestar lead the round, with participation from Maersk Growth, Kindred Capital, and Capnamic.
BotsAndUs collects real-time insights using autonomous, mobile robots to quickly process pallets at every stage in their journey throughout a warehouse.
Triggered by the arrival of goods, their 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.
“We are already paving the way for artificial intelligence and robotics to completely transform logistics,“ says Co-founder and 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.”
BotsAndUs has won customers across various industries. In addition to Maersk and Huboo, it works with Menzies Aviation, the air cargo company that services more than 200 airport locations, including at Europe’s largest airport, London Heathrow.
With the fresh capital, the London-based firm is targeting markets including Germany, France, Nordics, USA, and Canada and driving product development.
“More than 80% of warehouses have no automation at all. With warehouses expected to grow by 50% by 2025 and labour shortages of over 30%, automation clearly holds the key to ensuring logistics operations are as optimised as possible,” says Lakestar Partner Christoph Schuh.
“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.”
“We’re delighted to join the stellar team on their journey to transform logistics and enable companies to perform at their best.”
“We are delighted to back such a talented and inspiring team. BotsAndUs are tackling big opportunities in global logistics,” says Oliver Finch, Investment Partner, Maersk Growth.
“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. BotsAndUs provides an easy on-ramp for warehouses to explore automation, enrich data and enable intelligent optimisation to utilise untapped capabilities from existing assets and teams.”
