Ambi Robotics Raises $26M to Boost Deployments of AI-Enabled Sorting Robots
September 14, 2021
Ambi Robotics, which develops simulation-to-reality artificial intelligence for industrial robotics, has announced closing a $26 million Series A funding round. The new funding will be used to scale its team and operations to support rapid deployments of its sorting and kitting robots throughout U.S. supply chain operations.
The Ambi Robotics system includes an AI operating system, AmbiOS, that leverages proprietary simulation-to-reality technology to operate highly-dexterous robotic systems.The company’s two commercial solutions, AmbiSort and AmbiKit, utilize AmbiOS to train algorithms 10,000 times faster than competing solutions, allowing customers to rapidly scale and successfully sort a vast range of unique items from day one of operation.
“Ambi Robotics combines cutting-edge AI technology with engaging user interfaces to transform the role of ‘item handlers’ to ‘robot handlers’,” said Jim Liefer, CEO of Ambi Robotics. “With our Series A funding, we will be able to empower more companies to help their associates work harmoniously alongside robots.”
The company said it began generating revenue through commercial deployments in October 2020, installing systems prior to the peak holiday buying season. According to the Pitney Bowes Parcel Shipping Index, U.S. parcel volume grew 37% year-over-year, reaching 20 billion, up from 15 billion in 2019. Pitney Bowes said U.S. parcel volume will nearly double by 2026, reaching 32 to 39 billion parcels annually.
Ambi Robotics co-founders include Matthew Matl, Co-Founder, and VP, Software; Ken Goldberg, Co-Founder and Chief Scientist; Jeff Mahler, Co-founder and CTO; Stephen McKinley, Co-Founder and VP of Operations; David Gealy, Co-Founder and VP of Mechatronics.
“Ambi Robotics has quickly leapt to the front of the pack when it comes to AI robotic piece-picking for parcel sortation and e-commerce fulfillment operations,” said Griffin Schroeder, a partner at Tiger Global Management, the leader of the Series A funding round. “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.”
In addition to Tiger Global, the investment round included participation from existing investors Bow Capital, Vertex Ventures U.S., and The House Fund. For more details on Ambi Robotics, visit its website here.