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Addverb Expands Warehouse Robots Following $132M Funding

Addverb MobilePro 400x275

February 15, 2022

India-based Addverb Technologies, an automation solutions provider for warehouses and factories, has announced its plans to expand into North and South America. The expansion is the result of the company raising $132 million in funding from Reliance Industries.

Since 2016, the company has been developing human-robot collaboration, with solutions that merge both fixed and flexible automation options. The company offers autonomous mobile robots (AMRs), carton shuttles, picking technologies, automated storage and retrieval systems (AS/RS), warehouse management and execution software, and industrial IoT solutions to help warehouses automate and increase their productivity, accuracy, and safety.

“The supply chain disruptions caused by the pandemic have accelerated the demand for automation globally and we are looking forward to expanding U.S. and EMEA (Europe, Middle East, Asia) operations to deliver the next generation of Industry 4.0 automation to customers,” said Sangeet Kumar, co-founder and CEO of Addverb Technologies.

The company’s U.S. subsidiary office will be led by Mark Messina, who joined as the CEO of Addverb Technologies USA. Luke Lee also joins the company to head up the U.S. division’s marketing group. The team worked collectively for companies that include Amazon, Mattel, Geek+ and Hai Robotics, Addverb said.

“We are delighted to onboard Mark and Luke to drive our continuing efforts to strengthen and scale the business in the U.S.,” said Kumar. “We hope that the duo will take Addverb Technologies to new highs, making it the mark for a robotic solution.”

For more details on the company, visit its website here.

 


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