Attabotics brings in $71.7M in Collection C funding

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Attabotics’ automated storage and retrieval system can cut back warehouse area by 85%. | Supply: Attabotics

Attabotics introduced that it introduced in $71.7 million in Collection C-1 funding. The most recent spherical brings its complete funding to $165.1 million since its founding in 2015. 

The Canadian automated storage and retrieval system (ASRS) developer plans to make use of the Collection C funding to additional speed up the commercialization of its robotic warehousing resolution. Attabotics‘ resolution condenses typical warehouses right into a single, vertical storage construction. 

Contained in the system, Attabots, or robotic shuttles, transfer in 3D area to choose items and current them to staff at workstations on the surface perimeter. This technique can cut back a retailer’s required warehouse area by as much as 85% and allow supply instances as quick as one hour. 

“Our imaginative and prescient from day one has been revolutionizing the present provide chain system by providing retailers a quick, sustainable and ultramodern mannequin to satisfy buyer wants,” Scott Gravelle, founder and CEO of Attabotics, stated. “Creating the software program and {hardware} wanted to unravel the worldwide provide chain downside is an enormous endeavor however this new funding, together with the help from our buyers and group, will enable us to scale our know-how and double down on our dedication to implementing probably the most superior achievement know-how in the marketplace.”

Export Improvement Canada (EDC) led the funding spherical, which additionally included participation from the Ontario Academics’ Pension Plan Board (Ontario Academics’) by way of Academics’ Enterprise Development (TVG).

“It has been a privilege constructing a strategic relationship with Attabotics. They’re a forward-thinking firm growing progressive applied sciences to deal with world provide chain challenges for contemporary commerce whereas decreasing commerce’s environmental footprint,” Guillermo Freire, Senior Vice President Mid-Market Group at EDC, stated. “EDC is right here to speed up the worldwide progress of mid-market corporations like Attabotics. As a strategic companion, we cannot solely help with our monetary options, however may assist fast-forward their progress by leveraging our worldwide networks to help developments into new markets and to develop new buyer relationships around the globe.”

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