Brightpick, a provider of warehouse automation offerings for order fulfillment, announced it has raised an additional $12 million in a mix of equity and debt.
The round saw participation from new investor EBRD Venture Capital, alongside existing investors Pavel Baudiš and Eduard Kučera (founders of Avast), Miroslav Trnka (founder of ESET), Maximilian Kolowrat-Krakowsky and Juraj Duriš.
New funds will accelerate deployment of Brightpick robots
Founded in 2021 as a spin-off of Photoneo, a provider of 3D robotic vision sensors and intelligence software, Brightpick now has over 200 employees and 300 AI robots deployed across the US and Europe. Its customers include leading companies such as Rohlik Group, Dr. Max, and The Feed.
To date, Photoneo has invested over $35 million in Brightpick, with this latest round bringing total funding to $47 million. The new funding will primarily support the deployment of Brightpick’s AI robots in the US, which is expected to generate 50% of the company’s revenue in 2024.
“Since launching Brightpick Autopicker early last year, we've experienced tremendous interest from new customers,” said Jan Zizka, CEO and co-founder of Brightpick. “Our unique technology offers greater labor and cost savings than any other solution, which resonates strongly with customers. Our focus has always been on scaling in the US, where we’re now seeing the most traction. These funds will primarily support additional customer installations in that market.”
According to the company, the Brightpick offering takes weeks to deploy and enables companies to reduce their fulfillment labor to a minimum. Brightpick Autopicker is the company’s flagship robot, and it says Autopicker is the only mobile robot in the world that robotically picks and consolidates orders directly in the warehouse aisles, like a human with a cart.
“We are excited to support Brightpick as they continue to revolutionize warehouse automation with their innovative technology,” said Bruno Lusic of EBRD Venture Capital. “Their ability to deliver unmatched efficiency and cost savings to customers positions them as a leader in the market, and we are confident that their rapid growth in the US will further strengthen their leading position.”
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