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Robotics startup Exotec raises $3.5 million to help warehouses pack and dispatch goods using mini robots
Paul Sawers for Venture Beat: A French robotics startup has raised €3.3 million ($3.5 million) to build and grow a fleet of mobile robots that help warehouses prepare orders for delivery.
The company was founded in 2015 by former GE Healthcare software architect Renaud Heitz and BA Systèmes technical director Romain Moulin, and Exotec Solutions (“Exotec”) robots have already been tested across a number of industries. With $3.5 million more in its coffers, the company expects to launch its first robot — called Exo — into the wild in early 2017. The most recent round was raised from 360 Capital Partners, Breega Capital, and a handful of its existing investors.
The miniature robots are being targeted at any logistics operator that relies on humans to traverse large warehouses picking items off shelves, and it promises to cut employees’ average daily distance covered from 15km to 4km per day and to “[double] the productivity” of each worker. The robots are controlled by what the company calls a “centralized intelligence system,” which liaises between the humans and the robots on the ground. Cont'd...
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