Corporates pick out Magazino for investment

Mar 2, 2018 • Robert Lavine

Germany-based robotics provider Magazino has completed a $24.8m financing round led by Körber Group, a diversified conglomerate that operates in industries such as automation, logistics and industrial equipment.

E-commerce company Zalando, supply chain services provider Fiege Logistics and Cellcom Resources, an investment vehicle for Peter K. K. Lee, a vice-chairman of conglomerate Henderson Group, also took part in the round.

Founded in 2014, Magazino is working on automated robots equipped with cameras and 3D sensors that are used in the…

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