SEOUL,
South Korea, July 11,
2024 /PRNewswire/ -- Floatic, a South Korean
warehouse robotic solutions provider, today announced the
successful closure of its pre-Series A bridge round, securing an
undisclosed amount of additional investment from ZERO1NE, Hyundai
Motor Group's open innovation platform for startups.
Floatic raised $3.8 million in the
same fundraising round led by Capstone Partners last month. With
additional investment from the leading automotive group's startup
investor, the company concludes this pre-Series A bridge round,
bringing its total raise to over $8
million.
ZERO1NE was one of the major investors in Floatic's pre-Series A
round in 2022. This subsequent investment goes beyond mere funding
and represents a strategic move, with both companies exploring
various ways to generate long-term synergy.
"With this follow-up investment, we aim to continuously support
Floatic as a core portfolio company of ours," said the
representative from Hyundai Motor Group's ZERO1NE. "We plan to help
Floatic build strong connections with the group affiliates and
partners, and work together as future robotics business partners of
Hyundai Motor Group."
"ZERO1NE has been a steadfast supporter of our company since the
early days," said Chan Lee, CEO of
Floatic. "We believe their empathy with our vision to solve
problems focused on warehouse robotics rather than generic robots
has been crucial."
Founded in 2021, Floatic develops and provides 'Floware,' an
autonomous mobile robot(AMR) solution for efficient e-commerce
warehouse picking. Floware can integrate with center systems and be
operational within less than six weeks with minimal facilities and
investment costs. It also offers up to a 3.5x productivity increase
compared to manual operations.
Floware is designed and built in-house, encompassing robot
hardware and software and a platform that controls and optimizes
tasks. This allows it to respond quickly and flexibly to various
warehouse center requirements.
The solution includes comprehensive services, such as
pre-implementation analysis and consulting, as well as
post-implementation stabilization and maintenance to ensure clients
can quickly adopt and utilize the robots.
Floatic has been conducting on-site field tests with 3PL
companies and local warehouses, and collaborating with leading
logistics partners in Korea such as POSCO DX and LogisALL. It
intends to fully commercialize its solution Floware in the second
half of this year.
"We will continue to strive to present fundamental solutions for
the challenges warehouses face, using the most feasible robotic
solutions," Lee added. "We are thrilled to share the successful
closing of this round, as it will be a significant engine for
upcoming commercialization and solution advancement."
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SOURCE Floatic