Sesto Robotics nets US$5.7M to tap into the growing demand for autonomous mobile robots in Europe
Singapore-based Sesto Robotics has raised US$5.7 million in funding from early-stage VC firm TRIVE, Germany-based World Trading Inovation WTI GmbH, and SEEDS Capital.
The autonomous mobile robots (AMR) provider will utilise the funds to enhance its capability to support overseas partners and invest in digital marketing.
In addition, Sesto Robotics will continue to invest in developing its AMR capabilities and extend the line-up of AMR applications.
“Having WTI as a strategic investor at this stage of our company’s development helps us to expand into the important European and German market that is the home of Industry 4.0. Sesto benefits from the industry knowledge and network of Josef Wildgruber of WTI and BBS Automation,” said Chor Chen Ang, CEO of Sesto Robotics.
Sesto Robotics engineers and delivers robotics solutions to global clients. Its autonomous mobile robots and automated guided vehicles have been employed by companies in manufacturing and healthcare.
In Europe, Sesto Robotics aims to tap into the growth of autonomous mobile robots, projected to expand at a CAGR of 11.8 per cent over the next four years from US$4.40B currently.
Josef Wildgruber, the owner of WTI GmbH and CEO of BBS Automation, added: “In Sesto Robotics, we see a company that has developed AMR solutions that can scale overseas and have been designed and built according to safety requirements in Europe. We have performed our due diligence and believe SESTO has a bright future ahead”.
The startup previously secured funding from Heliconia Capital, Singtel Innov8 and Koh Boon Hwee.
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,Sesto Robotics nets US$5.7M to tap into the growing demand for autonomous mobile robots in Europe | e27
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