Singapore-based industrial robotics company Sesto this week declared a $5.7 million elevate, that includes TRIVE, WTI GmbH and SEEDS Money (Company Singapore’s VC wing). The spherical follows a similarly sized $4 million Series A, back again in 2018.
Sesto has had a busy several several years due to the fact that round — as have many in the industrial robotics group, as much more corporations have seemed toward automation through the pandemic. In May possibly 2020, the business released HealthGUARD, a disinfecting robot that was in advance of the curve of UV-C techniques we have seen more than the previous few a long time.
That August, the company extra Magnus to its lineup of AMRs (autonomous cellular robots). That technique operates equally to a number of autonomous warehouse robots, and appears to be a honest bit like the units produced by (the now-Amazon-owned) Kiva. Their modular design indicates that many accessories can be mounted on prime of the robots for more performance, a furthermore for corporations wanting to quickly deploy an army of autonomous help. That consists of things like Sesto Primary, a 7-axis robotic arm made especially for semiconductor generation — a class of manufacturing no question eagerly wanting to expand into automation.
Last May possibly, Sesto expanded operations to Europe — precisely Austria, Germany and Switzerland. That no question clarifies expenditure interest this spherical from EU-primarily based corporations. Citing analysis from GMD, CEO Chor-Chen Ang notes of the spherical, “We are excited to tap into the progress of Autonomous Mobile Robots in Europe which is projected to broaden at a CAGR of 11.8% around the up coming 4 several years from US $4.40B now.”
Funding will go toward expanding these kinds of global partnerships, marketplace, as properly as building out the company’s item offerings and the flexibility of its existing robots.