Total amount raised
$32 Millions
Latest funding date
10/01/2022
Location
Title
Ambi Robotics has successfully raised significant funding over multiple rounds, attracting attention from prominent investors. The company's innovative AI-powered robotic solutions are designed to enhance efficiency in warehouse operations.
Keep reading to explore the intricacies of Ambi Robotics' fundraising journey and the investors backing this cutting-edge technology company.
What Is Ambi Robotics?
Ambi Robotics, founded in 2018, is based in Berkeley, California. The company was established by Ken Goldberg and Jeff Mahler. Specializing in AI-powered robotic solutions, Ambi Robotics focuses on enhancing efficiency in warehouse operations.
With a team of over 50 employees, the company develops innovative products like AmbiStack and AmbiSort. These solutions are designed to improve scalability and adaptability in logistics and supply chain management.
Ambi Robotics combines advanced hardware and software to create robotic systems that are both dexterous and efficient. Their technology aims to revolutionize the way warehouses operate, making processes faster and more accurate.
How Much Funding Has Ambi Robotics Raised?
- Amount Raised: $32 million
- Date: October 2022
- Lead Investors: Tiger Global, Bow Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used to achieve several milestones over the next 12 months, particularly in the areas of deployments and installations, expanding the product portfolio, and continuing investment in growing a team of engineering, customer support, operations, and supply chain experts.
Total Amount Raised: $32 million
Current Valuation: Not publicly disclosed
Key Investors
- Tiger Global
- Details: Tiger Global is a leading global investment firm that focuses on private and public companies. They have a strong presence in the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Bow Capital
- Details: Bow Capital is a venture capital firm that invests in transformative technology companies. They aim to support innovative startups that have the potential to disrupt their respective industries.
- Investment Focus Areas: Transformative technology, AI, robotics
- Notable Investments: Fictiv, Vicarious
- Ahren
- Details: Ahren is a deep technology and science investment firm. They focus on groundbreaking technologies that have the potential to make significant impacts.
- Investment Focus Areas: Deep technology, science, AI
- Notable Investments: Graphcore, AI companies
- Pitney Bowes
- Details: Pitney Bowes is a global technology company that provides commerce solutions. Their services span e-commerce, shipping, mailing, data, and financial services.
- Investment Focus Areas: E-commerce, shipping, mailing, data, financial services
- Notable Investments: E-commerce and logistics technology companies
What's Next for Ambi Robotics?
Ambi Robotics stands at the cusp of a significant opportunity, driven by the increasing demand for automation in e-commerce. With plans to deploy over 80 new AmbiSort A-Series systems across the US, the company is poised to revolutionize parcel sorting. This large-scale expansion could open doors for further growth and innovation in the logistics sector.
Future fundraising seems likely as Ambi Robotics continues to scale. The recent $32 million round indicates strong investor confidence, which could pave the way for additional capital to support their ambitious goals. However, challenges such as managing large-scale installations and maintaining product quality will need to be navigated carefully.
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