- The Bridge Club
- Posts
- £2M Seed Round for PHINXT Robotics
£2M Seed Round for PHINXT Robotics
PHINXT Robotics, an AI-driven robotics software company, has successfully closed an oversubscribed £2 million seed funding round.
Funding Details: This investment, led by Sure Valley Ventures and supported by Ada Ventures, Heartfelt, and Atlas Ventures, will enable PHINXT to expand its revolutionary edge AI software for robotics automation.
Innovative Edge AI Solution: PHINXT Robotics' decentralized edge AI software simplifies warehouse robotics automation, reducing setup complexity and costs significantly.
Future-Proof Technology PHINXT aims to extend its platform beyond warehouse robotics to include delivery drones and autonomous vehicles, leveraging its core edge computing technology for coordinated machine networks.
Strategic Expansion Plans: The newly secured funds will be used to grow the engineering and sales teams and to expand into mainland Europe, tapping into the projected $16 billion mobile robot market by 2027.
With this new funding, PHINXT Robotics is well-positioned to drive further innovation and market expansion in the global robotics automation industry.