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Korea-based Floatic, a warehouse robotic options supplier, raised $3.8 million in a pre-Sequence A bridge spherical. The funding was led by Capstone Companions and included Quantum Ventures Korea, Bluepoint, BNK Enterprise Funding, and BSK Funding.
Floatic has raised a complete of $8 million because it was based in 2021. Floatic attracted seed investments from South Korean tech large Naver Corp.’s D2SF and Kakao Corp.’s Kakao Ventures shortly after it was based. It then closed a $2.5 million pre-Sequence A spherical in 2022.
The corporate plans to make use of the funding to increase its analysis and growth efforts and improve its product because it prepares for commercialization this 12 months.
Floatic develops and presents Floware, a robotic system for e-commerce selecting. It presents an entire resolution from integration to deployment and operation in lower than six weeks, with minimal infrastructure and monetary necessities, in keeping with the corporate. Floatic claims its strategy will increase productiveness as much as 3.5 occasions in comparison with handbook selecting.
Floware consists of autonomous cellular robots (AMR) designed particularly for warehouses and a administration platform tailor-made to optimizing warehouse workflow. The answer contains options such because the ‘Choosing Information’ and a modular software program algorithm that allows versatile operation and real-time administration.
“Warehouses have various variables day by day, making it troublesome to supply the required options with out a correct understanding of the positioning,” stated Chan Lee, CEO of Floatic. “We’ve got been specializing in the consumer voices and developed the product based mostly on this from the very starting, which makes a vital distinction within the resolution.”
The corporate has been conducting on-site area assessments with 3PL firms and native warehouses, and collaborating with main logistics companions in Korea corresponding to POSCO DX and LogisALL. It intends to make a full commercialization within the second half of this 12 months.
“We are going to proceed to put money into creating and creating the possible robotic options wanted to ascertain essentially the most environment friendly warehouse atmosphere, completely focusing available on the market from a user-centric perspective,” Lee added. “This fundraising will probably be a strong engine to attain this purpose, and we’re grateful to our buyers for supporting us.”