Bratislava-founded warehouse automation startup Brightpick has raised an additional $12 million in a mix of equity and debt.
Founded in 2021 as a spin-off of Photoneo 3D robotic vision sensors and intelligence software, Brightpick now has over 200 employees and 300 AI robots deployed across the US and Europe.
Brightpick offers AI robots for warehouses to automate every step of their order fulfilment easily. The robots enable warehouses of any size to fully automate order picking, consolidation, dispatch and stock replenishment. The Brightpick solution takes just weeks to deploy and enables companies to reduce their fulfilment labour 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.
The company is now headquartered near Cincinnati, Ohio, with over 200 employees. It is part of Photoneo Brightpick Group, which has over 8,000 technology installations across the US, Europe, and Asia.
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.
According to 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.”
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), and other investors.
The new funding will primarily support the deployment of Brightpick’s AI robots in the US, which is expected to generate 50 per cent of the company’s revenue in 2024.
Lead image: Brightpick. Photo: uncredited.
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