Ambi Robotics secures $32 million to meet booming customer demand

Ambi Robotics secures $32 million to meet booming customer demand

Berkeley, California – () –Ambi RoboticsToday, the first robotics company to use Sim2Real artificial intelligence (AI) in commercial production to sort parcels, announced an additional $32 million in funding. Existing investors Tiger Global And the arch capital join it Ahryn The company’s strategic partner, Pitney Bowes. The funding will drive growth in the deployment of AI-powered parcel sorting systems as customer demand increases ahead of the holiday peak and throughout 2023.

“Consumer shopping behavior requires a more modern warehouse. The pressures of higher package volumes should not fall on the shoulders of the most valuable asset in supply chains – people,” says Jim Lever, CEO of Ambi Robotics. “It is humbling to see such seasoned investors They advance and contribute to the success of our mission of empowering people to do more. ”

This announcement comes on the heels of a Expand the publication of 23 million dollars Dealing with the global shipping and mail company Pitney Bowes. Ambi Robotics is completing the installation of more than 80 new AmbiSort A-Series parcel sorting solutions across the United States to empower warehouse workers with automated sorting systems amid ever-increasing commercial demand.

“Ambi Robotics is an important part of the innovation strategy that helps Pitney Bowes improve service to our customers and efficiently grow our global e-commerce business,” said Greg Zegras, executive vice president and head of global e-commerce at Pitney Bowes. “At Ambi Robotics, we see the same commitment to customer-led innovation that has helped Pitney Bowes develop and win in the marketplace for over 100 years. We look forward to continuing to work together to drive innovation in global e-commerce hubs.”

Ambi Robotics is deploying the next generation AmbiSort A-Series v3, an upgraded model of the company’s flagship product, which is fully ANSI compliant. AmbiSort systems are complete sorting solutions, combining automated picking, item analysis and quality control with a special ‘soft-touch’ end effector that handles boxes, flats, plastic bags and other deformed or hard items. Each warehouse assistant can work in conjunction with three to four AmbiSort A-Series systems, increasing average productivity per employee to more than 1,200 items safely sorted per hour with over 99% accuracy. AmbiSort Systems is powered by AmbiOS, the company’s advanced operating system that takes advantage of simulation-to-reality (Sim2Real) AI technology to teach bots to quickly select and package millions of unique items on the first day of deployment.

“We have an unwavering dedication to supporting DeepTech companies at the intersection of groundbreaking science with the latest technology – an amazing place making a positive impact in the world,” says Alice Newcombe-Ellis, founder and general partner at Ahren. The team’s breakthrough discoveries at Sim2Real AI, Ambi Robotics have remained focused on applying its technology to solve real-world problems, enabling critical service companies to implement in redundant supply chains and deliver them to people globally.”

The additional funding will drive Ambi Robotics to achieve many milestones over the next 12 months, particularly in the areas of deployment and installation, expand its product portfolio, and continue the company’s investment in growing a global team of engineering, customer support, operations and supply chain experts.

About Ambi Robotics

Ambi Robotics is an artificial intelligence (AI) and robotics company that develops advanced solutions that scale e-commerce operations to meet demand while enabling humans to work smarter. The industry-leading AI operating system, AmbiOS, takes advantage of advanced simulation-to-reality technology to operate highly accurate robotic systems. Founded in 2018, the world’s best robotics scientists, AI researchers, and top business professionals work together to build the most valuable supply chain systems. The company is located in Berkeley, California, for more information, please visit www.ambirobotics.com.

About Ahren

Ahren is a technology and deep science investment firm created by Alice Newcombe-Ellis along with founding science partners who have built companies and/or technologies that are valued today at more than $100 billion combined. The company was founded from first principles with a mission to be disruptive as an investment institution, with a new paradigm – a true partnership between the innovators of deep tech and deep science, and long-term commercially active capital, to harness massive global talent and build and accelerate the next generation of great companies. Ahren’s portfolio companies include AI21 Labs, Graphcore, Zapata Computing, ZOE, Phaidra, Heirloom Carbon, Bicycle Therapeutics, and others. Ahren has over $800 million in assets in AUM and has team members in Cambridge (UK) and London. Learn more through www.ahreninnovationcapital.com.

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a global shipping and mail company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small businesses, retail, institutional, and government customers around the world rely on Pitney Bowes to remove the complexity of mail and package dispatch. For the latest news, company announcements and financial results visit https://www.pitneybowes.com/us/newsroom.html. For additional information, visit Pitney Bowes at www.pitneybowes.com.

About Tiger Global

Tiger Global is an investment company focused on private and public companies in the Internet, software and financial technology sectors. Since 2001, Tiger Global’s business has invested in hundreds of companies ranging from Series A to pre-IPOs. The company aims to partner with dynamic entrepreneurs who run market leaders in their core focus areas. Tiger Global’s investments have included Stripe, Shein, Bytedance, Meta (formerly Facebook), LinkedIn, Spotify, Flipkart and Toast.

About Bow Capital

Bow Capital Management, LLC (“Bow”) is an early stage investment firm founded in partnership with the University of California to accelerate the innovation path from science to society. Bow strives to deliver the best in academia, sports, entertainment and business. We believe the world is undergoing a fundamental transformation towards Civilization 3.0, a new era in which data, ideas, and imagination are the raw materials for disrupting industries and building new ones. Our investments target entrepreneurs and technologies that will impact the lives of billions of people.

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