Warehouse robot startup BotsAndUs raises £11m

Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss venture capital firm Lakestar.

London-based BotsAndUs will use the capital to develop its robots which are used to measure, track and locate inventory in a warehouse.

The startup’s robots use artificial intelligence (AI) to create a digital twin of a warehouse. This map data can then be used by operators to more efficiently manage logistics in the warehouse.

BotsAndUs is also considering international expansion into new markets such as Germany, France, the Nordics, the United States and Canada.

Christoph Schuh, Partner at Lakestar, said, “Over 80% of warehouses have no automation. With warehouses set to grow by 50% by 2025 and labor shortages of over 30%, automation is clearly key to ensuring that logistics operations are as optimized as possible. »

Founded in 2015, BotsAndUs works with Menzies Aviation, an air cargo company used by London Heathrow Airport.

BotsAndUs recently partnered with container logistics company Maersk to explore the application of its robots in one of its warehouses, initially to perform automated inventory management.

“It’s an exciting time for tech in London, and robotics and AI is one of our most innovative growth areas. This welcome investment in BotsAndUs further strengthens our position as a global hub for innovation and venture capital,” said Rajesh Agrawal, Deputy Mayor of London for Business.

The round saw additional capital coming in from investors Maersk Growth, Kindred Capital and Capnamic. It follows BotsAndUs’ $6m (£4.9m) investment in July 2020.

Previous backers from venture capital firm Lakestar include Skype, Spotify, Facebook and Airbnb. It manages €1.2bn (£1bn) across three start-up funds and a growth fund.

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