CALGARY, ALBERTA — Attabotics, a robotics supply chain company, closed its series C funding round on Nov. 15, raising $71.7 million. The company plans to use the investment to accelerate the commercialization of its robotics warehousing solution.
The funding round was led by Export Development Canada (EDC), a governmental agency that strives to advance trade, and received participation from Teachers’ Venture Growth (TGV), part of the Ontario Teachers’ Pension Plan Board. The investments brings Attabotics’ total funding to $165.1 million to date.
According to the Attabotics, it is the world’s first supply chain solution for more modern commerce. With consumer demand and expectations expected to rise across all CPG industries, including pet food, Attabotics strives to offer a system that will help meet demand, while also providing a solution for warehouse labor shortages.
“It has been a privilege building a strategic relationship with Attabotics,” said Guillermo Freire, senior vice president of Mid-Market Group at EDC. “They are a forward-thinking company developing innovative technologies to address global supply chain challenges for modern commerce while reducing trade’s environmental footprint.
“EDC is here to accelerate the international growth of mid-market companies like Attabotics,” Freire added. “As a strategic partner, we can not only support with our financial solutions, but can also help fast-forward their growth by leveraging our international networks to support advancements into new markets and to develop new customer relationships around the world.”
Attabotics offers an all-in-one automation solution for fulfillment systems, condensing typical warehouse configurations by creating a single, vertical storage structure. Robotic shuttles, called Attabots, move within the structure, finding goods and presenting them to workers along the perimeter of the structure.
The innovative structure can help maximize flexibility and speed of warehouse operations while also reducing a retailer’s warehouse space needs by up to 85%, according to Attabotics. By reducing the space needed, Attabotics’ customers can place their warehouses closer to cities to help improve delivery times.
“Our vision from day one has been revolutionizing the current supply chain system by offering retailers a fast, sustainable and ultramodern model to fulfill customer needs,” said Scott Gravelle, founder and chief executive officer of Attabotics. “Creating the software and hardware needed to solve the global supply chain problem is a massive undertaking but this new funding, along with the support from our investors and team, will allow us to scale our technology and double down on our commitment to implementing the most advanced fulfillment technology on the market.”
Using its technology, Attabotics’ has partnered with Pan Pacific Pet, a Canadian pet retail distributor, to establish its robotic automated storage system inside the distributor’s newest warehouse. Attabotics’ customer roster also includes Modern Beauty Supplies, the US Department of Defense, Körber Supply Chain Automation, SYNUS Tech and many more.
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