Gideon Brother’s, AI and robotic solutions firm, has raised US$31m (£21.9m) in Series A investment, to develop and commercialise its 3D vision-based autonomous mobile robots (AMRs).
The company added it also aims to expand its manufacturing, sales, marketing and customer success operations across markets in both the EU and U.S.
“The pandemic has greatly accelerated the adoption of smart automation, and we are ready to meet the unprecedented market demand. The best way to do it is by marrying our proprietary solutions with the largest, most demanding customers out there,” said Matija Kopić, CEO of Gideon Brothers.
“Our strategic partners have real challenges that our robots are already solving, and, with us, they’re seizing the incredible opportunity right now to effect robotic-powered change to some of the world’s most innovative organisations.”
The Series A round was led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries, Inc., with participation from DB Schenker, Prologis Ventures, and Rite-Hite.
Xavier Garijo, member of the board of management for contract logistics, DB Schenker, said: “Our partnership with Gideon Brothers secures our access to best in class robotics and intelligent material handling solutions to serve our customers in the most efficient way.
“Our collaboration to date with Gideon Brothers has demonstrated real use cases in inbound and outbound processes within the warehouse environment, we also see wider applications and are excited at what this technology affords us in creating the ‘Warehouse of the Future’ for our customers. Together with Gideon Brothers we aim to challenge what we already have in practice at DB Schenker and revolutionise logistics business models.”
The round also includes participation from several of Gideon Brothers’ existing shareholders. “Partnering with these forward-thinking industry leaders will help us expand our global footprint, but we will always stay true to our Croatian roots,” added Kopić.
“That is our superpower. The Croatian start-up scene is growing exponentially – already boasting two unicorns – and we want to unlock further opportunities for our country to become a robotics & AI powerhouse.”