Tech

BotsAndUs secures £ 10.6m investment in seed led by Lakestar – UK Tech Investment News

  • Initial funding of $ 13 million led by Lakestar, with participation from Maersk Growth, Kindred Capital and Capnamic
  • BotsAndUs acquires real-time information on warehouse operations using fully autonomous robots and artificial intelligence
  • The data platform helps guide warehouse operations without errors and enables rapid response to operational challenges

London, June 23, 2022 BotsAndUs, a pioneering intelligence and robotics company secured $ 13 million in initial funding to expand its logistics interruption solution globally. Lakestar leads the round, featuring Maersk Growth, Kindred Capital and Capnamic.

An efficient warehouse is a crucial part of global supply chains. The rapidly increasing demand for near-instant storage, shipping and delivery of goods is putting tremendous time and cost pressure on companies, which now need to rethink and improve their logistics and warehousing operations. 69% of companies are currently looking to improve inventory control and reduce costs.

BotsAndUs collects information in real time using fully autonomous mobile robots to quickly process pallets at every stage of their journey within a warehouse. Activated by the arrival of goods, their robots capture volume and conditions as they enter and leave the warehouse. The robots themselves scan the goods on the shelves and record their position and quantity. The robots work without human intervention and require no additional investment in infrastructure. These robots will save time by eliminating manual sizing and inventory control; ultimately allowing managers to have complete, real-time visibility of their operations from the comfort of their desks.

“BotsAndUs is already paving the way for artificial intelligence and robotics to completely transform logistics. Our integrated artificial intelligence and robotics platform is helping companies improve their performance and unlock their full potential. We are confident that we can turn our vision into reality: transform logistics on a global scale with real-time data to eliminate errors and improve performance at all stages, ”says co-founder and CEO, Andrei Danescu.

BotsAndUs has already won key customers across various industries. In addition to Maersk e HubooBotsAndUs works with Menzies Aviation, the air freight company serving more than 200 airport locations, including Europe’s largest airport, London Heathrow. The company recently partnered with Maersk, the global container logistics integrator, to partner with Maersk’s warehouse and logistics division, initially in one of their warehouses, exploring the automation of inventory management and acceptance processes and, over time, to improve customer visibility and access to inventory across all facilities. With fresh capital, BotsAndUs targets markets including Germany, France, the Nordic countries, the United States and Canada and leads product development.

“More than 80% of warehouses have no automation. With warehouses expected to grow by 50% by 2025 and labor shortages of over 30%, automation is clearly the key to ensuring that logistics operations are as optimized as possible. Logistics is an industry that has always faced pressure on margins and few means to invest in a digital infrastructure. BotsAndU’s real-time data capture capabilities create this infrastructure and the foundation for long-term automation of warehouse operations. We are delighted to join the stellar team on their journey to transform logistics and enable companies to give their best, ”says Christoph Schuh, partner at Lakestar.

“Maersk Growth’s investment in BotsAndUs is a great reflection of how we at Maersk are working to improve end-to-end customer visibility and access to inventory in our warehouses, ultimately delivering to our customers customized fulfillment in real time and in response to changing needs, says Ingrid Ebner, Global Head of Contract Logistics, Maersk

“We are delighted to support such a talented and inspiring team. BotsAndUs is facing great opportunities in global logistics. Most warehouses have little or no automation and could significantly benefit from exploring this space. Many companies currently extend the capacity of people and processes in response to business challenges. BotsAndUs provides warehouses with an easy access ramp to explore automation, enrich data and enable intelligent optimization to utilize untapped capacities from existing resources and teams, ”says Oliver Finch, investment partner, Maersk Growth.

“It is an exciting time for technology in London and robotics and artificial intelligence are one of our most innovative growth sectors. This welcome investment in BotsAndUs further consolidates our position as a global hub for innovation and venture capital. “

Rajesh Agrawal, London’s Deputy Mayor for Affairs

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Press contact
Victoria Jodl
E-mail: [email protected]
Tel .: +49 152 52423959

About BotsAndUs
BotsAndUs acquires real-time information on warehouse operations using fully autonomous robots and artificial intelligence. These solutions capture data in real time to help companies make better business decisions in the logistics and warehouse industry. Their fully autonomous mobile and modular robots measure, track and find goods in warehouses without interrupting the workflow. Data is fed into digital twins in real time, enabling logistics and warehouses to respond quickly to the operational challenges they face on a daily basis. Instant access to real-time data helps optimize the present, reduce risks for the future, and discover the intractable in every place and at every stage of the product’s journey through the warehouse and to shipment. Founded in 2015, BotsAndUs aims to transform the data collection operations of warehouse environments.

Visit BotsAndUs at LinkedIn and their website https://www.botsandus.com/

About Lakestar
Lakestar’s mission is to find, finance and grow disruptive businesses, made possible by technology, founded by outstanding entrepreneurs in Europe and beyond. Founded by Klaus Hommels, the team’s first investments include Skype, Spotify, Facebook and Airbnb. Since raising its first fund in 2012, Lakestar has managed an aggregate volume of over € 1.2 billion across three early stage funds and a growth fund.

The team provides active advice and support to portfolio companies in marketing, recruitment, technology, product development and regulatory analysis, accompanying founders from seed to early stage to growth or exit stage. Lakestar currently has the privilege of holding investments in Revolut, Blockchain.com, Opendoor, Oscar, GetYourGuide, sennder, Eigen, Public.com, SoFi, Solarisbank, Uncapped, Yapily, Terra Quantum, accuRx, Rhino, ZEBEDEE and Hometogo to name a few. Lakestar is present in Berlin, Zurich and London.
Visit us on LinkedIn and on our website www.lakestar.com

About Maersk Growth
Maersk Growth is AP Moller’s risk arm – Maersk with a mission to digitize,
democratize and decarbonise supply chains by supporting new business models and technologies.
With the aim of unlocking growth, we invest and collaborate with promising and visionary start-ups
innovators – and by injecting our rocket fuel we activate the full of our portfolio companies
strategic potential.

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BotsAndUs secures £ 10.6m investment in seed led by Lakestar – UK Tech Investment News

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