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Ambi Robotics secures $32M infusion to deploy its item-sorting robots in warehouses
Ambi Robotics, a startup developing supply chain automation hardware, today announced that it raised $32 million in additional funding led by Tiger Global and Bow Capital, with participation from Ahren and logistics firm Pitney Bowes. Pitney Bowes is a strategic investor in Ambi, having recently inked a $23 million deal with the company to deploy Ambi’s hardware in U.S.-based Pitney Bowes fulfillment centers.
The new capital came in the form of a SAFE, or simple agreement for future equity, which grants investors the right to purchase equity in the company at a future date, allowing Ambi to delay negotiations around valuation and terms of investment. CEO Jim Liefer says that it’ll be put toward continuing deployments and installations of Ambi’s tech, expanding the company’s product portfolio and growing engineering, customer support and operations teams headcount.
“This additional funding round came together very quickly, spawning from a ‘normal’ company update to our existing investors and partners,” Liefer told TechCrunch in an email interview. “It sparked interest to further fuel manufacturing and deployments of our current and future categories of AI-powered parcel sorting systems … Just this year, our team has more than doubled and we will continue to add engineering and customer success talent and other areas to keep pace with customer demand for our robotic solutions across their operations.”