Machinery : Industrial Robot : Material Handling
Automated trailer unloading that works. Install in an hour. Unload a trailer at 25 pallets per hour. No IT or WMS integration. Fox Robotics combines the latest in robotics, machine learning, optimization and planning to build automated forklifts that are smart, safe and effective. Loading and unloading are just the start. Next, we plan to tackle put-away, letdown, long-distance hauling, cross-dock, order picking, and more. We’re not going to stop until we develop automated solutions to handle all the major tasks in a warehouse.
Fox Robotics Announces $20M Investment led by BMW i Ventures
Fox Robotics, the autonomous forklift company, announced today the close of a $20M oversubscribed funding round led by BMW i Ventures. Additional new investors include Zebra Technologies, Japan Airlines & Translink Innovation Fund, and Foothill Ventures. Existing investors Menlo Ventures, ENIAC Ventures, and SignalFire also participated in the round.
Fox is on a mission to deploy its forklifts across warehouses and production environments across the globe and develop new autonomous capabilities to expand use cases. It intends to use the new funds to ramp up production, invest in talent, and expand globally.