Microsoft’s M12 and Qualcomm Ventures – Joined by Hitachi Ventures – Co-Lead Series C Round for Award-Winning Robotics Company, inVia Robotics
Summary
View the full release here: https://www.businesswire.com/news/home/20210728005353/en/ The latest funding comes on the heels of record revenue and deployment growth in 2020 for inVia, driven by a heightened demand for optimization technology in eCommerce fulfillment spurred by the pandemic. The funding will also be used to drive market expansion to APAC and EMEA as well as align inVia with strategic supply chain partners to open new channels and deliver end-to-end logistics solutions. Furthermore, inVia makes automation adoption manageable via a subscription-based payment system where businesses pay according to the productivity levels they desire, versus needing to lease and maintain equipment. "inVia’s integrated solution––with software and AI at the core––enables warehouse managers to take advantage of operational and cost efficiencies that have historically only been available to large enterprises," said M12 principal James Wu. Our system leverages autonomous mobile robots and AI-driven warehouse orchestration software to help e-commerce businesses and 3PLs automate and optimize material flow across fulfillment centers.
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