Ho-ho-holding those funds! Ukrainian robotics developer Deus Robotics has raised $3 million in a funding round led by Ukrainian fund u.ventures, with participation from SD Capital (founded by Andrey Stavnitser) and others. This news comes just in time to bring some extra holiday cheer to the robotics world!
The company’s valuation has increased by a third, according to a press release shared with Forbes Ukraine. This brings their total funding to a jolly $6.6 million.
Deus Robotics, founded in 2018, develops AI-powered software for warehouse robots. The company, with offices in Ukraine, the UK, and the US, plans to use the new funding to scale its team and product in the UK. Think of it as Santa’s workshop, but with more robots and fewer elves.
“Robots from different manufacturers often work in isolation and are unable to effectively ‘communicate’ with each other,” says Pavel Pikulin, co-founder of Deus Robotics. “Our AI platform creates a unified system for integrating, managing and optimizing robots of any type from any manufacturer.”
Deus Robotics currently offers 17 types of robots, with prices ranging from a stocking-stuffer $15,000 to a more extravagant $75,000. Their robots are already hard at work spreading holiday cheer (and efficiency) at companies like Nova Poshta in Ukraine and DPD in Europe.
With this new funding, Deus Robotics is poised to deck the halls with even more efficient, AI-powered robots in the new year. Here’s to a future where robots do all the heavy lifting, leaving us humans more time to enjoy the eggnog!
Source: Forbes Ukraine
