BotsAndUs secures £4.8m Series A investment led by Kindred Capital and Capnamic Ventures to expand automation solutions
The Series A round was led by Kindred Capital and Capnamic Ventures with participation from angel investors.
BotsAndUs develops autonomous mobile robots and artificial intelligence platforms that capture real-time warehouse data. The technology helps logistics operators eliminate errors and optimise supply chain performance.
BotsAndUs has secured £4.8m in a Series A funding round led jointly by Kindred Capital and Capnamic Ventures. The investment also drew participation from angel investors based in the United Kingdom and the United States. The newly raised capital will be directed towards team expansion, accelerating robot deployments, and developing new products and services to meet heightened demand for workplace automation.
From the founder
"We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value. We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it."
Andrei Danescu
Co-founder and CEO at BotsAndUs
Investor perspective
"We’ve been following BotsAndUs’ progress over the past few years and have been very impressed with the founders’ ambition, innovative approach and ability to build a fantastic team around their mission. Their pioneering robotics and AI products are at the forefront of a much needed next wave of automation – bringing robots out of factories and warehouses so they can make an impact on businesses operating in a variety of indoor, crowded, public spaces."
Russell Buckley
Partner, Kindred Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets