Phinxt Robotics Secures £2 Million Funding for Expansion
Phinxt Robotics, a pioneering AI-led robotics software company situated in London, UK, has successfully raised an impressive £2 million in a recent funding round. This investment round was spearheaded by Sure Valley Ventures, with notable participation from Ada Ventures, Atlas Ventures, and Heartfelt Ventures. The funds raised will primarily be allocated towards the expansion of the company’s operations and the enhancement of its ongoing development efforts. Under the leadership of its dynamic CEO Yanwen Chen and co-founder Quirino Zagarese, Phinxt Robotics is poised to make significant strides in the robotics industry.
Phinxt Robotics has developed an innovative platform designed to facilitate collaboration among various types of robots, thereby fostering the creation of autonomous ecosystems specifically for warehouses and entire supply chains.
The company adopts a unique per-robot leasing model, which promotes low-cost adoption while ensuring that customers can access the most suitable robots for their requirements. This platform also has the capability to coordinate robots on the edge, allowing for the seamless addition of new robots at a minimal cost. Initially focusing on warehouse automation, ecommerce providers leveraging this technology can potentially double their profit margins and quadruple their productivity, achieving remarkable efficiency with reduced expenditure.
The long-term vision of Phinxt Robotics extends beyond warehouse automation, as the company aspires to integrate autonomous vehicles and drones that can self-direct and collaborate on the edge. This ambitious aim will undoubtedly unlock tremendous usability and scalability for autonomous machines in various sectors. Back in its earlier stages, Phinxt Robotics had successfully secured £600,000 in funding from numerous investors, including Fuel Ventures, Amar Shah—who is both the co-founder of Wayve and the founder of Dhyan Ventures—alongside Atlas, APX, Prequel Ventures, Ventures Together syndicate, and Alma Angels. With a strong financial backing and a clear vision for the future, Phinxt Robotics is well on its way to becoming a leader in the field of robotics and automation.
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| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Sure Valley Ventures | 6 investment(s) investment(s) | more info | |||
2 |  Ada Ventures | 5 investment(s) investment(s) | more info | |||
3 |  Atlas Ventures | 1 investment(s) investment(s) | more info | |||
4 |  Heartfelt Ventures | 1 investment(s) investment(s) | more info | |||
5 |  Fuel Ventures | 26 investment(s) investment(s) | 10 contacts contacts |
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