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1MRobotics Launches Out of Stealth With $25m In Series A Funding

๐Ÿ“… Date:

๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: 1MRobotics, Ibex Investors, Target

1MRobotics, a startup developing next-generation robotic dark stores, or as they classify them - robotic nano-fulfillment centers, announced today that Ibex Investors led their A-round funding along with its existing backers Emerge VC, Target Global, and INT3, with participation from other prominent investors. The Series A funding brings its total raised to $25 million, including a previous seed round of $8.5 million.

They set out to develop fully automated, small, and flexible dark stores enabling effective and profitable last-mile operations for the worldโ€™s largest brands and service providers.

Read more at Accesswire