Singapore-primarily based industrial robotics company Sesto this 7 days announced a $5.7 million raise, featuring TRIVE, WTI GmbH and SEEDS Cash (Enterprise Singapore’s VC wing). The round follows a equally sized $4 million Collection A, back in 2018.
Sesto has experienced a hectic number of a long time considering the fact that that spherical — as have quite a few in the industrial robotics category, as a lot more businesses have appeared towards automation for the duration of the pandemic. In May perhaps 2020, the business launched HealthGUARD, a disinfecting robotic that was forward of the curve of UV-C units we have seen about the previous number of decades.
That August, the firm included Magnus to its lineup of AMRs (autonomous mobile robots). That method operates in the same way to a range of autonomous warehouse robots, and appears a good bit like the units developed by (the now-Amazon-owned) Kiva. Their modular structure indicates that several components can be mounted on top of the robots for extra features, a in addition for corporations searching to quickly deploy an army of autonomous help. That contains things like Sesto Key, a 7-axis robot arm built especially for semiconductor manufacturing — a group of producing no question eagerly looking to grow into automation.
Final May perhaps, Sesto expanded operations to Europe — exclusively Austria, Germany and Switzerland. That no question describes expenditure desire this round from EU-centered companies. Citing investigation from GMD, CEO Chor-Chen Ang notes of the spherical, “We are thrilled to faucet into the advancement of Autonomous Mobile Robots in Europe which is projected to grow at a CAGR of 11.8% around the next 4 decades from US $4.40B currently.”
Funding will go toward growing these sorts of worldwide partnerships, sector, as very well as setting up out the company’s products choices and the flexibility of its current robots.