Pitney Bowes

Assembly Line

Ambi Robotics Raises $32 Million for New Kind of Warehouse Robot

Date:

Topics: Funding Event

Organizations: Ambi Robotics, Tiger Global, Pitney Bowes

The Ambisort can plow through about 400 parcels per hour; humans do the same work at about one-third the pace and usually make more mistakes. Ambi Robotics, the company that developed the system and the accompanying machine-learning algorithms that allow the robot to recognize each parcel and select the right way to grasp it, has deployed 80 of these systems and plans to surpass 100 in the field next year. On Monday, Ambi is announcing that it raised $32 million from Tiger Global, Bow Capital and the UK’s Ahren Innovation Capital. Pitney Bowes, the postage meter maker turned e-commerce logistics firm with 55 warehouses around the country, is another investor in the round as well as a customer.

Read more at Bloomberg