Instock Inc, an innovator in customer fulfillment robotics, has announced that it raised $3.2 million in new funding, led by Amazon Industrial Innovation Fund, — AIN.Capital reports.
Launched in May 2023 by the Ukrainian serial entrepreneur Yehor Anchyshkin, Instock is working on a Robotics-as-a-Service (RaaS) solution for e-commerce clients. It is an automated service for warehouses and operations with orders. The startup operates in the USA, but most of the development team has been working in Ukraine since the beginning.
The fresh financing from Amazon Industrial Innovation Fund has brought Instock’s Seed funding to a total of $6.2 million. Earlier, the company managed to secure investments from OneWay Ventures and Lux Capital, with participation also including Commerce VC, u.ventures, Cybernetix Ventures, and other investors active in the robotics and eCommerce ecosystem.
Read more about the investments raised by Ukrainian startups: Ukrainian-founded Startup Instock Raises $3.2M in New Funding
