Ambi Robotics Closes $26 Million Series A

EMERYVILLE &&num;8212&semi; Ambi Robotics, the pioneer in simulation-to-reality AI for highly-dexterous robotics, has closed a &dollar;26 million Series A funding round&period; The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund&period;&NewLine;The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth&period; The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations&period; Additionally, Ambi Robotics will expand its product and customer support offerings as there are now hundreds of warehouse associates across the US working alongside the company’s automated sorting systems&period;&NewLine;&OpenCurlyDoubleQuote;Ambi Robotics combines cutting-edge AI technology with engaging user interfaces to transform the role of &OpenCurlyQuote;item handlers’ to &OpenCurlyQuote;robot handlers,’” said Jim Liefer, CEO at Ambi Robotics&period; &OpenCurlyDoubleQuote;With our Series A funding, we will be able to empower more companies to help their associates work harmoniously alongside robots&period;”&NewLine;&OpenCurlyDoubleQuote;Ambi Robotics has quickly leapt to the front of the pack when it comes to AI robotic piece-picking for parcel sortation and ecommerce fulfillment operations,” said Griffin Schroeder, Partner, Tiger Global&period; &OpenCurlyDoubleQuote;The company is a market leader as a result of its strong team and technology, validated by a robust pipeline of customer growth as the company capitalizes on the vast supply chain and rapidly growing logistics market&period;”&ZeroWidthSpace;&NewLine;Ambi Robotics has developed two commercial solutions, AmbiSort and AmbiKit, and is currently expanding its fleet of AI-powered robots across the US with global brands like Pitney Bowes&period; Powering its highly-dexterous robotics with industry leading simulation-to-reality AI, the company has developed an advanced AI operation system, AmbiOS, that trains algorithms 10,000 times faster than competing solutions&period; This allows customers to rapidly scale AI-powered robotic systems and successfully sort a vast range of unique items from day one of operation&period;&NewLine;

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