Ambi Robotics, a Berkeley, CA-based robotics company to deploy Sim2Real artificial intelligence (AI) in commercial production for parcel sortation, announced that it raised $32 million in funding.
The investment was from existing investors Tiger Global and Bow Capital, joined by Ahren and the company's strategic partner, Pitney Bowes.
The funding will fuel the deployment and growth of AI-powered parcel sorting systems as customer demand increases ahead of peak holidays and throughout 2023.
The additional funding will propel Ambi Robotics to achieve several milestones over the next 12 months, particularly in the areas of deployments and installations, expanding its product portfolio, and continuing the company's investment in growing a world-class engineering team, customer support, operations, and supply chain experts.
"Consumer shopping behavior is demanding a more modern warehouse. The strains of surging parcel volume shouldn't rest on the shoulders of the supply chain's most valued asset—people," says Jim Liefer, CEO of Ambi Robotics. "It's humbling to see such sophisticated investors stepping forward and contributing to the success of our mission to empower people to handle more."
Ambi Robotics is completing the installation of more than 80 all-new AmbiSort A-Series parcel sorting solutions across the US to empower warehouse workers with automated sorting systems amid the rise of constant commerce demand.
Ambi Robotics is deploying its next-generation AmbiSort A-Series v3, an upgraded model of the company's flagship product, which is fully American National Safety Institute (ANSI) safety compliant. AmbiSort systems are full-stack sorting solutions, combining robotic picking, item analysis, and quality control with a proprietary 'soft-touch' end effector that handles boxes, flats, polybags, and other deformable or rigid items.
Company: Ambi Robotics Inc.
Raised: $32.0M
Round: Unknown
Funding Month: October 2022
Lead Investors: Tiger Global and Bow Capital
Additional Investors: Ahren and Pitney Bowes
Company Website: https://www.ambirobotics.com/
Software Category: AI-powered sorting systems
About the Company: Founded in 2018, Ambi Robotics is an artificial intelligence (AI) and robotics company developing advanced solutions that scale ecommerce operations to meet demand while empowering humans to work smarter. The company's industry-leading AI operating system, AmbiOS, leverages advanced simulation-to-reality technology to operate highly-dexterous robotic systems. Ambi Robotics is completing the installation of more than 80 all-new AmbiSort A-Series parcel sorting solutions across the US to empower warehouse workers with automated sorting systems amid the rise of constant commerce demand. Each warehouse associate can work alongside three to four AmbiSort A-Series systems, increasing the average throughput per employee to over 1,200 items safely sorted per hour with more than 99% accuracy. AmbiOS-powered ambiSort systems, the company's advanced operating system, leverage simulation-to-reality (Sim2Real) AI technology to rapidly teach robots to pick and pack millions of unique items on day one deployment. The company is located in Berkeley, Calif.
Source: https://www.businesswire.com/news/home/20221017005308/en/Ambi-Robotics-Secures-32-Million-To-Meet-Booming-Customer-Demand