Boxbot, the vertical automation solution that sorts and stores packages for last-mile carriers, says it has raised $12 million in its Series A funding round, led by Playground Global.
Maersk Growth (the venture arm of A.P. Moller), Toyota Ventures, Pear Ventures, and Artiman Ventures also participated in the round, which brings the company’s total funding to $29.5 million.
The funds will be used to accelerate the company’s mission of enabling carriers to provide more efficient delivery experiences and bolster the team’s engineering and business operations. [Read more…] about Boxbot raises $12 million in Series A financing round