Unbox Robotics has secured $28 million in Series B funding led by ICICI Ventures to enhance its innovative warehouse automation solutions utilizing swarm intelligence and vertical sorting technology.
Target Information
Unbox Robotics, an innovative player in warehouse automation, has attracted significant investment due to its pioneering technology and high-quality engineering team. The company specializes in creating automated sorting solutions that utilize advanced vertical space and swarm intelligence to enhance efficiency in logistics and e-commerce environments. Unbox Robotics has successfully developed proprietary intellectual property and has established notable clients across India, the United States, and the European Union, solidifying its reputation in the warehouse automation segment.
Recently, Unbox Robotics announced the completion of its $28 million Series B funding round, led by ICICI Ventures with participation from 3one4 Capital and RedStart Labs among others. This investment will further bolster Unbox Robotics' capabilities and accelerate its growth trajectory in the competitive landscape of logistics solutions.
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Industry Overview in India
The logistics industry in India is witnessing transformative changes, with the country expected to emerge as one of the key players in global logistics operations. By 2025, global parcel volumes are proj
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Disclosed details
Transaction Size: $28M