Accio Robotics has developed the AccioPick Pilot warehouse robotIndian warehouse automation start-up Accio Robotics has secured USD1.8 million in pre-series A funding.
The funding was led by Big Capital, with Roots Ventures, Unisync Angels, Daniel Fitzgerald and existing angel investor Anuj Bihani, founder of Impaqt Robotics/Alstrut, also participating.
“We plan to utilise the funds towards reinforcing the technology and product team, establishing channels for international growth and to enable more robot deployments,” Accio Robotics says in a statement.
Accio Robotics was founded in 2019 by college students Pranav Srinivasan and Tuhin Sharma, who shared a passion for robotics.
The company website lists two products: the AccioPick Pilot robot; and the AccioOS operating system.
Big Capital chief finance officer Preetinder Singh Panjrath says: “We are excited to join Accio Robotics as the company transitions to scaling up its hardware and software solution for warehouse automation.
“We were particularly impressed by the simplicity and efficiency of the product offering, ability to deliver attractive ROI to its customers and in the process enabling enterprises to redeploy expensive human capital towards higher value activities.
“Accio Robotics’ ability to operate in both 2D and 3D configuration makes it a particularly attractive choice for warehouse automation and we look forward to supporting the company achieve great success.”
Accio Robotics co-founder Srinivasan says the funding will help the company realise its goal of building world-class robotics.
Roots Ventures partner Ravinder Vashist says: “Accio Robotics’ aim to enhance efficiencies in warehouses sits well with our investment theme of identifying technology-led disruptors across sectors.”