Sereact, a Stuttgart, Germany-based provider of advanced robotics solutions, raised $5 million in a seed funding round led by Point Nine and Air Street Capital.
Existing and new angels are also participating in the round including Alexander Diehl; Oliver Cameron (VP Product of Cruise, Co-Founder of Voyage); the Founders of Proglove and OMA Ventures; Achim Baier and Wolfgang Frank (arconsis); Martin Giese; Michael Achtelik, Jan Stumpf and Daniel Gurdan (Founders of Ascending Technologies); Mostafa Elsayed (CEO and Co-Founder of Automata).
The proceeds will be used to expand its interdisciplinary team and to support the development and international roll-out of PickGPT.
Sereact is building AI-powered software that fully automates the pick-and-pack process in warehouses and manufacturing. With the combination of Artificial Intelligence and robotics, Sereact has brought to life a new era of intelligence, precision, and efficiency in logistics.
Ralf Gulde, Co-Founder and CEO of Sereact said: “By combining large language models and robotics, Sereact has created the world’s most accessible way of interacting with robots. Today’s milestone will accelerate our mission of using fully autonomous robotics to overcome labor shortages, fix supply chains and boost productivity.”
Company: Sereact GmbH
Raised: $5.0M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Point Nine and Air Street Capital
Additional Investors: Alexander Diehl, Oliver Cameron, Achim Baier, Wolfgang Frank, Martin Giese, Michael Achtelik, Jan Stumpf, Daniel Gurdan, and Mostafa Elsayed
Company Website: https://sereact.ai/
Software Category: AI-powered Robotics for Autonomous Warehouses
About the Company: Founded in 2021, Sereact is a provider of AI-based robotic solutions to automate production. It automates the picking of items in supply chain activities without the need for human intervention. It also provides AI-powered control software that enables machines and robots to sense and understand tasks. Since its founding in 2021, the company has achieved technological milestones such as industry-leading picking speeds of 1500 picks per hour, collision-free picking with any gripper, and fully autonomous object manipulation. Today, Sereact is trusted by partners across the e-commerce, manufacturing, and third-party logistics sectors, serving industry leaders like ZenFulfillment, Daimler Truck, Material Bank, and Schmalz.
Source: https://sereact.ai/posts/sereact-raises-usd5-million-to-democratize-ai-robotics