Autonomous logistics technology developer Boxbot, which has now raised $9m altogether, was co-founded by graduates from UC Berkeley and Massachusetts Institute of Technology.
US-based autonomous logistics technology developer Boxbot secured $7.5m on Monday in seed funding from investors including University of California, Berkeley-backed VC firm the House Fund.
Artiman Ventures led the round, which also featured Toyota AI Ventures, a corporate venturing subsidiary of carmaker Toyota, as well as Pear Ventures, Afore Capital and Ironfire Ventures.
Established in 2016, Boxbot is developing logistics technology that relies on a combination of autonomous systems and robotics to reduce the overheads associated with the last mile of deliveries.
The company was co-founded by Mark Godwin, a PhD graduate from UC Berkeley who previously worked for ride hailing app operator Uber, together with Austin Oehlerking, a former graduate researcher at Massachusetts Institute of Technology.
Boxbot previously raised $1.5m in pre-seed funding in all from House Fund, Pear Ventures, Afore Capital, the Graduate Syndicate and unnamed angel investors.
Pear Ventures had selected Boxbot as the winner of its UC Berkeley $250k Startup Challenge competition in June 2017, subsequently committing an undisclosed sum of capital.
