Singapore-based industrial robotics agency Sesto this week introduced a $5.7 million increase, that includes TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing). The spherical follows a equally sized $4 million Sequence A, again in 2018.
Sesto has had a busy few years since that spherical — as have many within the industrial robotics class, as extra firms have regarded towards automation through the pandemic. In Might 2020, the agency launched HealthGUARD, a disinfecting robotic that was forward of the curve of UV-C methods we’ve seen over the previous few years.
That August, the corporate added Magnus to its lineup of AMRs (autonomous cellular robots). That system operates equally to numerous autonomous warehouse robots, and appears a good bit just like the methods developed by (the now-Amazon-owned) Kiva. Their modular design signifies that numerous equipment may be mounted on prime of the robots for extra performance, a plus for firms seeking to swiftly deploy a military of autonomous help. That features issues like Sesto Prime, a 7-axis robotic arm designed particularly for semiconductor manufacturing — a class of producing little question eagerly seeking to broaden into automation.
Final Might, Sesto expanded operations to Europe — particularly Austria, Germany and Switzerland. That little question explains funding curiosity this spherical from EU-based corporations. Citing analysis from GMD, CEO Chor-Chen Ang notes of the spherical, “We’re excited to faucet into the expansion of Autonomous Cell Robots in Europe which is projected to broaden at a CAGR of 11.8% over the subsequent 4 years from US $4.40B at present.”
Funding will go towards increasing these kinds of worldwide partnerships, market, in addition to constructing out the corporate’s product choices and the flexibility of its present robots.