Honeywell has returned for the warehouse robotics system developer's latest round, having previously contributed to a $25m series B round together with Comcast.
Attabotics, a Canada-based developer of supply chain robotics technology, secured $50m yesterday in a series C round led by pension fund manager Ontario Teachers’ Pension Plan Board that included appliance manufacturer Honeywell.
Founded in 2015, Attabotics has created an all-in-one fulfilment system inspired by ant colonies that is intended to replace the traditional warehouse layout with a single, vertical storage structure where robots move around, storing and picking up goods while workers outside process items.
The company claims its approach…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
