Unbox Robotics Raises $28 Million to Advance Robotics in Supply Chains
Unbox Robotics Raises $28 Million in Series B Funding
Unbox Robotics, a pioneering company in supply chain robotics technology, has announced its successful completion of a Series B funding round, securing an impressive $28 million (approximately INR 243 crore). This significant investment was spearheaded by ICICI Venture and Redstart Labs (Infoedge), with additional contributions from several other investors including F-Prime, 3one4 Capital, and Navam Capital.
The funds raised will be strategically allocated to bolster leadership and engineering teams, expedite product development, and broaden market engagement in both India and globally. This move not only reinforces Unbox Robotics' commitment to advancing its robotics capabilities but also aims to create substantial liquidity for employees through its newly introduced Employee Stock Ownership Plan (ESOP).
Elevating Supply Chain Operations
As Unbox Robotics gears up for its next growth phase, this funding round marks a crucial milestone for the company. The infusion of capital is expected to accelerate its innovative efforts in transforming warehouse automation and logistics operations through cutting-edge intelligent robotics and automation solutions.
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