Singapore-based industrial robotics agency Sesto this week introduced a $5.7 million elevate, that includes TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing). The spherical follows a equally sized $4 million Sequence A, again in 2018.
Sesto has had a busy few years since that spherical — as have many within the industrial robotics class, as extra firms have appeared towards automation in the course of the pandemic. In Might 2020, the agency launched HealthGUARD, a disinfecting robotic that was forward of the curve of UV-C methods we’ve seen over the previous few years.
That August, the corporate added Magnus to its lineup of AMRs (autonomous cellular robots). That system operates equally to a lot of autonomous warehouse robots, and appears a good bit just like the methods developed by (the now-Amazon-owned) Kiva. Their modular design implies that numerous equipment might be mounted on high of the robots for extra performance, a plus for firms seeking to swiftly deploy a military of autonomous help. That features issues like Sesto Prime, a 7-axis robotic arm designed particularly for semiconductor manufacturing — a class of producing little question eagerly seeking to develop into automation.
Final Might, Sesto expanded operations to Europe — particularly Austria, Germany and Switzerland. That little question explains funding curiosity this spherical from EU-based companies. Citing analysis from GMD, CEO Chor-Chen Ang notes of the spherical, “We’re excited to faucet into the expansion of Autonomous Cell Robots in Europe which is projected to develop at a CAGR of 11.8% over the following 4 years from US $4.40B presently.”
Funding will go towards increasing these kinds of worldwide partnerships, market, in addition to constructing out the corporate’s product choices and the flexibility of its current robots.