XSQUARE Technologies, a Singapore-based intelligent warehousing automation company, raised S$10.5M in Series A funding.
The round was led by Wavemaker Partners, with participation from SEEDS Capital and Goldbell Corporation.
The company intends to use the funds to accelerate its regional growth and product development efforts.
Led by CEO Jens Bohnwagner, XSQUARE Technologies offers warehouse automation solutions across Asia Pacific and beyond. It provides a suite of autonomous forklifts and intelligent warehouse orchestrator software that simplifies warehouse operations without the need for extensive reconfiguration. Clients span a diverse range of industries from pharmaceuticals to manufacturing including Coca‐Cola, GSK and Katoen Natie. The company has recently partnered with Mitsubishi Logisnext (ML) to collaborate on the development of a new line of Automated Guided Vehicles (AGVs) and the distribution of XSQUARE’s existing products through ML’s global distribution network.
FinSMEs
23/05/2024