Consultancy : Company : Venture Capital
Tiger Global is an investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries.
Ambi Robotics Raises $32 Million for New Kind of Warehouse Robot
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.
FORT’s $25MM Series B Funding Accelerates Expansion of its Machine Communications Platform
FORT Robotics (FORT), a pioneer in communications and control for smart machines, today announced the close of a $25 million Series B funding round, led by Tiger Global. The company will use the funds to accelerate the rollout of its machine communications platform, which aims to make autonomous machines safer and more secure.
FORT’s platform technology is the foundation for its hardware solutions, including wireless emergency stops and remote control systems, that are used by industry leaders including Agility Robotics, Hexagon, Moog, and hundreds of others. With the new investment, FORT plans to expand its platform functionality and enhance security offerings to address growing demand from end users.
B2B supply chain startup Groyyo raises $40 million in mix of equity and debt led by Tiger Global
Groyyo, a business-to-business (B2B) manufacturing and supply chain enablement company has raised $28 million in equity and $12 million via debt led by Tiger Global. The funding round also saw participation from early investors Alpha Wave Global. Groyyo plans to utilise the funds raised to scale the team across manufacturing clusters in India and Bangladesh and key demand belts in the United States and European Union.
Nuro raises $600 million in Series D funding
This $600 million financing will support the development and deployment of Nuro’s autonomous delivery service in communities across the country. Dave Ferguson, Nuro co-founder and president, says: “We’re thrilled to have the backing of these prominent investors and world class companies, and honored that they support our vision of improving communities and revitalizing local commerce. “We believe this investment will allow us to accelerate our commercialization strategy and better everyday life with Nuro’s technology.”
Our Series A Funding: What It Means for Our Partners, Customers, and SVT Team
The need for flexible supply chains, now more than ever, has created a market that intensely needs automation - and a way to rapidly integrate and orchestrate it. This Series A funding ensures we’ll continue to provide a tailwind for software companies, robot companies, retailers, manufacturers, and integrators to bring their products to market and embrace more technologies more quickly and with less risk.
Path Robotics Raises $100M
Path Robotics, producer of the world’s first truly autonomous robotic manufacturing system, today announced it received $100 million in pre-emptive Series C financing led by Tiger Global. Existing investor Addition also participated in the round, along with Silicon Valley Bank.
“Most robots merely repeat what they are told, with no ability to improve themselves. The future of manufacturing hinges on highly capable, flexible robotics. Robots that can truly see and learn,” said Andrew Lonsberry, CEO of Path. Path’s autonomous robots solve the world’s hardest manufacturing challenges, with no programming required. For local manufacturers struggling to find skilled laborers, this is powerful. “Path is laser-focused on partnering with manufacturers to empower them to thrive in the resurgence of this critical industry,” says Lonsberry. Through computer vision and artificial intelligence, Path’s system today can see what is in front of it, understand what it is supposed to do, and with the push of a button, execute a weld.