Ambi Robotics Reels in $32 Million

<p><strong>BERKELEY<&sol;strong> &&num;8212&semi; Ambi Robotics&comma; the first robotics company to deploy Sim2Real artificial intelligence &lpar;AI&rpar; in commercial production for parcel sortation&comma; has landed &dollar;32 million in additional funding&period; Existing investors <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;tigerglobal&period;com&percnt;2F&amp&semi;esheet&equals;52945704&amp&semi;newsitemid&equals;20221017005308&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Tiger&plus;Global&amp&semi;index&equals;2&amp&semi;md5&equals;bb2cbe05451b68f9e7ba637eec4de7da" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Tiger Global<&sol;a> and <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fbowcapital&period;com&percnt;2F&amp&semi;esheet&equals;52945704&amp&semi;newsitemid&equals;20221017005308&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Bow&plus;Capital&amp&semi;index&equals;3&amp&semi;md5&equals;df80ee883305a73fa07e81983973734b" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Bow Capital<&sol;a> are joined by <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;ahreninnovationcapital&period;com&percnt;2F&amp&semi;esheet&equals;52945704&amp&semi;newsitemid&equals;20221017005308&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Ahren&amp&semi;index&equals;4&amp&semi;md5&equals;f74fb1a03fd6d235741a9fa1dfa85d2a" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Ahren<&sol;a> and the company’s strategic partner&comma; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;pitneybowes&period;com&percnt;2Fus&amp&semi;esheet&equals;52945704&amp&semi;newsitemid&equals;20221017005308&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Pitney&plus;Bowes&amp&semi;index&equals;5&amp&semi;md5&equals;ba77f727e5e3952f5c22fc63f488fd73" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Pitney Bowes<&sol;a>&period; The funding will fuel the deployment growth of AI-powered parcel sorting systems as customer demand increases ahead of peak holiday and throughout 2023&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Consumer shopping behavior is demanding a more modern warehouse&period; The strains of surging parcel volume shouldn’t rest on the shoulders of the supply chains’ most valued asset – people&comma;” says Jim Liefer&comma; CEO of Ambi Robotics&period; &OpenCurlyDoubleQuote;It’s humbling to see such sophisticated investors stepping forward and contributing to the success of our mission to empower people to handle more&period;&&num;8221&semi;<&sol;p>&NewLine;<p>This announcement comes on the heels of a &dollar;23 million deployment expansion deal with global shipping and mailing company Pitney Bowes&period; Ambi Robotics is completing the installation of more than 80 all-new AmbiSort A-Series parcel sorting solutions across the US to empower warehouse workers with automated sorting systems amid the rise of constant commerce demand&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Ambi Robotics is an important part of an innovation strategy that is helping Pitney Bowes improve service to our clients and efficiently grow our Global Ecommerce business&comma;” said Gregg Zegras&comma; EVP and President&comma; Global Ecommerce at Pitney Bowes&period; &OpenCurlyDoubleQuote;In Ambi Robotics&comma; we see the same commitment to client-led innovation that has helped Pitney Bowes evolve and win in the marketplace for over 100 years&period; We look forward to continuing to work together to drive innovation in our Global Ecommerce hubs&period;”<&sol;p>&NewLine;<p>Ambi Robotics is deploying its next-generation AmbiSort A-Series v3&comma; an upgraded model of the company’s flagship product&comma; which is fully American National Safety Institute &lpar;ANSI&rpar; safety compliant&period; AmbiSort systems are full-stack sorting solutions&comma; combining robotic picking&comma; item analysis&comma; and quality control with a proprietary &OpenCurlyQuote;soft-touch’ end effector that handles boxes&comma; flats&comma; polybags&comma; and other deformable or rigid items&period; Each warehouse associate can work alongside three to four AmbiSort A-Series systems&comma; increasing the average throughput-per-employee to over 1&comma;200 items safely sorted per hour with more than 99&percnt; accuracy&period; AmbiSort systems are powered by AmbiOS&comma; the company’s advanced operating system that leverages simulation-to-reality &lpar;Sim2Real&rpar; AI technology to rapidly teach robots to pick and pack millions of unique items on day one of deployment&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We have unwavering dedication to supporting DeepTech companies at the intersection of groundbreaking science and the highest-end technology – a sweet spot that drives positive impact in the world&comma;&&num;8221&semi; says Alice Newcombe-Ellis&comma; Founding and General Partner at Ahren&period; &&num;8220&semi;Since the team’s breakthrough discoveries in Sim2Real AI&comma; Ambi Robotics has remained focused on applying its technology to solving real-world problems&comma; enabling critical services companies to execute on an overflowing supply chain and deliver to individuals globally&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The additional funding will be used to expand the company&&num;8217&semi;s engineering&comma; customer support&comma; operations&comma; and supply chain experts&period;<&sol;p>&NewLine;

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