Robotic Vehicle Technology
Phinxt Robotics, a London-based AI-driven robotics software company, secured £2M in funding. The round was led by Sure Valley Ventures, with contributions from Ada Ventures, Atlas Ventures, and Heartfelt Ventures. The company plans to use the funds to expand its operations and enhance its development efforts.
Under the leadership of CEO Yanwen Chen and Quirino Zagarese, Phinxt Robotics offers a platform that enables various types of robots to work together, creating autonomous ecosystems for warehouses and supply chains. Utilizing a per-robot leasing model, Phinxt Robotics ensures cost-effective adoption and provides customers with the most suitable robotic solutions. The platform is designed to coordinate robots at the edge, allowing for the seamless and affordable integration of new robots. Initially focusing on warehouse automation, Phinxt’s platform empowers eCommerce providers to significantly boost their profit margins and productivity, achieving more with lower costs. Looking ahead, Phinxt envisions a future where autonomous vehicles and drones collaborate independently at the edge, unlocking extensive scalability and usability for autonomous systems.
The company previously raised £600k from Fuel Ventures, Amar Shah (the co-founder of Wayve and founder of Dhyan Ventures), Atlas, APX, Prequel Ventures, Ventures Together syndicate and Alma Angels.
