Attabotics yesterday announced it has raised $71 million in Series C-1 funding, which it said it will use to further accelerate the commercialization of its 3D robotics warehousing solution in the wake of growing post-COVID-19 demand.
The Calgary, Alberta-based company said it replaces the rows and aisles of traditional fulfillment centers with a patented storage structure and robotics shuttles that use both horizontal and vertical space. Robotic shuttles are known as Attabots and move in three-dimensional space to pick goods that are presented to workers at the workstation on the outside perimeter.
The company was founded in 2016 and said it serves brands and other retailers across apparel, food and beverage, and home goods.
“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, said Scott Gravelle, founder and CEO of Attabotics.”
Banner year for Attabotics
The Series C-1 comes on the heels of an eventful 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 U.S. Department of Defense, Körber Supply Chain Automation, SYNUS Tech, and more.
The funding was round led by Export Development Canada (EDC) with participation from Ontario Teachers’ Pension Plan Board through Teachers’ Venture Growth (TVG). The round brings Attabotics’ total funding to $165 million to date.
“It has been a privilege building a strategic relationship with Attabotics. They are a forward-thinking company developing innovative technologies to address global supply chain challenges for modern commerce while reducing trade’s environmental footprint,’’ said Guillermo Freire, senior vice president of EDC’s Mid Market Group.
“EDC is here to accelerate the international growth of mid-market companies like Attabotics. As a strategic partner, we can not only support with our financial solutions but can also help fast-forward their growth by leveraging our international networks to support advancements into new markets and to develop new customer relationships around the world,“Freire added.
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