PHINXT Robotics secures £2m in seed funding led by Sure Valley Ventures to expand its team and enter new markets.
The seed round was led by Sure Valley Ventures with participation from Ada Ventures, Heartfelt, and Atlas Ventures.
PHINXT Robotics develops a decentralised edge AI software platform that allows warehouses to deploy and coordinate autonomous robots at scale. The company aims to make robotic automation accessible and flexible for supply chains.
PHINXT Robotics has secured £2m in a seed financing round led by Sure Valley Ventures. The capital injection also drew participation from Ada Ventures, Heartfelt, and Atlas Ventures.
The funds will be directed towards growing the company's engineering and sales personnel, alongside supporting an expansion into mainland Europe. PHINXT provides a decentralised edge software solution designed to coordinate multiple types of robots without relying on central servers.
From the founder
"At PHINXT, our mission is to revolutionise the logistics industry with our cloud-based platform that seamlessly integrates any type of robot, enabling them to collaborate and coordinate in a shared space without the need for a centralised server. Our robot-agnostic platform supports warehouses at every stage of their automation journey, providing unparalleled flexibility and efficiency. We aim to be the gateway for the logistics industry, facilitating the integration of these robots into operations and helping businesses achieve a rapid return on investment. By accommodating different types of robots, we ensure that warehouses can optimise various tasks, from picking to transportation, enhancing overall productivity."
Yanwen Chen
CEO and Co-Founder at PHINXT Robotics
Investor perspective
"Yanwen Chen, CEO and co-founder of PHINXT, is without doubt one of the strongest technical founders we’ve met at Ada. Yanwen has not one but two PhDs focusing on optimization of distributed and autonomous systems and 11 years of experience in robotics managing engineering teams and building software. She developed the algorithm that allows robots to self-orchestrate safely even when they lose connection to central networks. We are delighted to be investing in a such a visionary founder who is shaping the future of edge computing, robotics and autonomous systems. We look forward to supporting Yanwen and PHINXT’s next phase of growth."
Check Warner
Founding Partner, Ada Ventures
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
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About the company
PHINXT Robotics
PHINXT Robotics provides decentralised edge AI software for warehouse automation.