| |

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.

 

Robotics World News

  • Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics Raises $2.2M in Seed Round Funding

    Raise Robotics, which develops robotic equipment for construction sites, has announced it raised $2.2 million in a pre-seed funding round (reported by Construction Dive). The company is currently providing fenestration and mass timber contractors with semi-autonomous equipment that completes bracket layout, installment and verification four times faster than standard methods. “Our mission at Raise is… Read More…

  • Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Colorado-based Scythe Robotics, which develops advanced commercial-grade autonomous systems for professional landscapers, has announced it raised $42 million in Series B funding. The company said it will use the funding to help meet demand for more than 7,500 reservations for its fully electric, fully autonomous M.52 mower. With the latest financing, Scythe Robotics has raised… Read More…

Products for Robots & Cobots

  • Celera Motion Introduces the World’s Smallest Servo Drives

    Celera Motion Introduces the World’s Smallest Servo Drives

    Celera Motion, a business unit of Novanta Inc., announced the launch of two of the world’s smallest servo drives, the Denali Series. Denali is the latest addition to Celera Motion’s line of premium-performance Ingenia servo drives. Denali offers hardware architecture as well as optimized power management, with a minimum standby power consumption of down to 1.2 W. The servo drives… Read More…

  • Heiland Electronics Introduces Mini I/O Connectors for Fast Speeds and Easy Field Installs

    Heiland Electronics Introduces Mini I/O Connectors for Fast Speeds and Easy Field Installs

    Heilind Electronics, a leading global distributor of electronic components and authorized distributor for TE Connectivity, offers the Mini I/O Cat6A connector as part of its full line of TE ethernet products. TE Industrial’s Mini I/O connectors eliminate the need for special tools to create a fast and secure wire-to-wire or wire-to-board connection. The mini I/O… Read More…