Assembly Line

Robotics-as-a-Service Startup Instock Announces New Funding Led by Amazon Industrial Innovation Fund

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Instock, Amazon, OneWay Ventures, Lux Capital

Instock Inc, an innovator in customer fulfillment robotics, announced that it raised $3.2M in new funding, led by Amazon Industrial Innovation Fund – these new investments bring Instock’s Seed financing to a total of $6.2M. Instock’s Seed round was co-led by OneWay Ventures and Lux Capital, and funding participation also includes Commerce VC,, Cybernetix Ventures and other investors active in the robotics and eCommerce ecosystem. With the new funding, Instock continues on its plans to democratize automation of storage and retrieval systems (ASRS) using gravity-defying robots. In January 2024, Instock will launch its first production system with a tech-forward 3PL in North America.

Read more at Business Wire