Brightpick, a provider of warehouse automation solutions, has announced it has raised an additional £9.5m ($12 million) to roll out robots in US warehouses.
US-based Brightpick now has over 200 employees and 300 AI robots deployed across the US and Europe.
Its customers include companies such as Rohlik Group, Dr. Max, and The Feed. To date, Photoneo has invested over £27.7m ($35 million) in Brightpick, with this latest round bringing total funding to £37.2m ($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.
The Brightpick solution takes just weeks to deploy and enables companies to reduce their fulfillment labor to a minimum.
Brightpick Autopicker, the company’s award-winning flagship robot, 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.
“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 labour 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.”
“We are excited to support Brightpick as they continue to revolutionise warehouse automation with their innovative technology,” added 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.”