Attabotics Raises $50M USD to Bring Efficiency and Scale to Supply Chains
Summary
The company’s all-in-one fulfillment system makes obsolete the endless aisles, rows, and conveyor belts of traditional warehouses to help retailers meet the needs of today’s consumers in a way that’s cost-effective and environmentally friendly. Attabotics addresses the challenges of modern commerce in a scalable, cost-effective way, empowering brands and retailers to operate with a system that saves money, boosts productivity, and benefits the environment. Inside the structure, robotic shuttles move in three-dimensional space (X, Y, and Z axes) to store and deliver goods to workers on the perimeter that pick, pack and ship modern commerce orders. COVID-19 has drastically accelerated commerce growth and demand for warehouse space, making supply chain efficiency a critical issue for all.” “We are excited by the opportunity to become a long-term investor because we believe in Attabotics’ differentiated technology and highly skilled team, and how this combination is poised to disrupt existing cube storage solutions currently available in the market,” said Olivia Steedman, Senior Managing Director, TIP at Ontario Teachers’. Inspired by the framework of ant colonies, Attabotics replaces the rows and aisles of traditional fulfillment centers with a patented storage structure and robotics shuttles that utilize both horizontal and vertical space, reducing a company’s warehouse needs by 85%.