Pickommerce, a Petah Tikva, Israel-based warehouse automation provider, raised $3.4M in funding.
The round was led by IL Ventures, and included InNegev, Fusion VC, the Israel Innovation Authority and strategic investor ZIM Ventures.
The company intends to use the funds to advance the development, production and marketing of its innovative PickoBot piece-picking robot.
Led by CEO Kfir Nissim, Pickommerce AI Robotics is improving logistics with its autonomous pick-and-pack station, addressing the industry-wide shortage of human pickers in warehouses and logistics operations. Leveraging computer vision, AI, and patented robotic grippers, the company empowers both traditional and automated warehouse settings, enhancing operational efficiency and accuracy.
PickoBot utilizes an advanced computer vision system powered by machine learning that enables the safe and intelligent packaging of objects of different sizes, weights and textures. It features multiple gripping methods in a single station, including vacuum, finger-based, and patented adhesive-based grippers. An AI-driven decision-making algorithm selects the optimal gripper and grasp configuration for each item. Pickommerce’s patent-protected technologies increase the variety of products that can be handled by robots in logistics, as well as the level of autonomy those robots possess. It is used in various industries such as apparel, retail (consumer goods, food, DIY, electrical, etc.), e-commerce, pharmaceutical, agricultural and spare parts.
FinSMEs
17/09/2024