Pickommerce, a warehouse automation startup, has secured $3.4 million in funding to advance the development, production and marketing of its “innovative PickoBot piece-picking robot”.
Pickommerce’s technology is poised to disrupt the warehouse automation market, which is projected to grow at a compound annual growth rate of 53.4 percent and reach nearly $9 billion by 2029, according to research firm Mordor Intelligence.
The funding round was led by IL Ventures, a fund focused on disruptive technologies for legacy industries, and includes InNegev, Fusion VC, the Israel Innovation Authority and strategic investor ZIM Ventures, the corporate venture arm of maritime shipping company ZIM Integrated Shipping Services. [Read more…] about Pickommerce secures $3.4 million investment to advance robotic piece-picking technology