Robotics & Automation News

Market trends and business perspectives

Attabotics secures $72 million to automate legacy fulfillment centers

Attabotics, a robotics-led supply chain company, has raised $71.7 million in Series C-1 funding led by Export Development Canada (EDC) with participation from Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through Teachers’ Venture Growth (TVG).

The round brings Attabotics’ total funding to $165.1 million to date and will be used to further accelerate the commercialization of its 3D robotics warehousing solution in the wake of growing post-Covid-19 demand.

Attabotics is the world’s first supply chain solution for modern commerce. The company’s all-in-one automated fulfillment system condenses a typical warehouse by creating a single, vertical storage structure.

Inside the structure, robotic shuttles known as Attabots move in three-dimensional space to pick goods that are presented to workers at the workstation on the outside perimeter.

Attabotics’ unique architecture maximizes the flexibility and speed of warehouse processes while reducing a retailer’s required warehouse needs by up to 85 percent. This reduction of space allows Attabotics customers to place warehouses closer to cities for faster delivery times.

As consumer expectations continue to increase, Attabotics is helping customers to adjust to that surge while simultaneously offering a solution to ongoing warehouse labor shortages.

Scott Gravelle, founder and CEO of Attabotics, says: “Our vision from day one has been revolutionizing the current supply chain system by offering retailers a fast, sustainable and ultramodern model to fulfill customer needs.

“Creating the software and hardware needed to solve the global supply chain problem is a massive undertaking but this new funding, along with the support from our investors and team, will allow us to scale our technology and double down on our commitment to implementing the most advanced fulfillment technology on the market.”

The fundraise comes on the heels of a banner year for Attabotics, including the launch of the Attabot 2022 and a bolstered roster of partners such as Pan Pacific Pet, Modern Beauty Supplies, the US Department of Defense, Körber Supply Chain Automation, SYNUS Tech, and more.

Jefferies LLC acted as the sole and exclusive placement agent and financial advisor to the company in connection with the transaction.

Leave a Reply