ForwardX Robotics, a developer of autonomous mobile robots for warehousing and manufacturing environments, has closed its Series B funding by raising another round of more than $38 million led by CDH Investments’s VGC, Eastern Bell Capital, and Dohold Capital. Other investors include Angel Around and ZGC Group.
This funding brings ForwardX’s total Series B funding to over $63 million after an initial round of $10 million in March 2019 and an extension of $15 million in April 2020. Since its founding in 2016, ForwardX has now raised close to $74 million in venture capital.
Nicolas Chee, founder and CEO of ForwardX Robotics, says: “Our customers in the warehousing and manufacturing industries come to us to transform their operations and help them unlock new levels of efficiency that were previously unattainable. [Read more…] about ForwardX Robotics raises $38 million in new funding, bringing total to $74 million