Ambi Robotics, a logistics startup, has announced that it has raised $26M in Series A funding led by Tiger Global Management along with the participation of other investors such as Bow Capital, Vertex Ventures US, and The House Fund.
The grant supports Ambi Robotics to expand its team and operations to support rapid deployments of AI-powered robotic systems across the US supply chain. The new funding arises when the company encounters significant customer growth and development only five months after emerging from stealth mode.
Ambi Robotics will also strengthen its product and customer support offerings, as there are now more warehouse associates working alongside the company’s automated sorting systems across the United States.
Ambi Robotics has created two commercial solutions, AmbiSort and AmbiKit. It is currently expanding its fleet of AI-powered robots throughout the United States with global brands such as Pitney Bowes.
Using industry-leading simulation-to-reality AI to power its highly dexterous robotics, the company has developed AmbiOS. This advanced AI operation system trains algorithms 10,000 times faster than competing solutions. Customers can now rapidly scale AI-powered robotic systems and successfully sort a wide range of unique items from the start.
Ambi Robotics started generating revenue through commercial deployments in October 2020, installing systems ahead of the peak holiday purchasing season. According to the Pitney Bowes Parcel Shipping Index, US parcel volume improved by 37% year on year to 20 billion, up from 15 billion in 2019. Pitney Bowes predicts that US parcel volume will nearly multiply by 2026, reaching 32 to 39 billion per year.
Jim Liefer, CEO at Ambi Robotics, said that Ambi Robotics combines cutting-edge AI technology with engaging user interfaces to transform the role of ‘item handlers’ to ‘robot handlers.’ Their Series A funding will empower more companies to help their associates work harmoniously alongside robots.