We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » Ambi Robotics Announces $26 Million Series A Funding Led By Tiger Global
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Ambi Robotics Announces $26 Million Series A Funding Led By Tiger Global

Ambi Robotics Announces $26 Million Series A Funding Led By Tiger Global
September 17, 2021
No Comments

EMERYVILLE, Calif. - (September 14, 2021) - Ambi Robotics, the pioneer in simulation-to-reality AI for highly-dexterous robotics, today announced the closing of a $26 million Series A funding round. The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund.

The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth. The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations. Additionally, Ambi Robotics will expand its product and customer support offerings as there are now hundreds of warehouse associates across the US working alongside the company’s automated sorting systems.

“Ambi Robotics combines cutting-edge AI technology with engaging user interfaces to transform the role of ‘item handlers’ to ‘robot handlers,’” said Jim Liefer, CEO at Ambi Robotics. “With our Series A funding, we will be able to empower more companies to help their associates work harmoniously alongside robots.”

“Ambi Robotics has quickly leapt to the front of the pack when it comes to AI robotic piece-picking for parcel sortation and ecommerce fulfillment operations,” said Griffin Schroeder, Partner, Tiger Global. “The company is a market leader as a result of its strong team and technology, validated by a robust pipeline of customer growth as the company capitalizes on the vast supply chain and rapidly growing logistics market.”

Ambi Robotics has developed two commercial solutions, AmbiSort and AmbiKit, and is currently expanding its fleet of AI-powered robots across the US with global brands like Pitney Bowes. Powering its highly-dexterous robotics with industry leading simulation-to-reality AI, the company has developed an advanced AI operation system, AmbiOS, that trains algorithms 10,000 times faster than competing solutions. This allows customers to rapidly scale AI-powered robotic systems and successfully sort a vast range of unique items from day one of operation.

Ambi Robotics began generating revenue through commercial deployments in October 2020, installing systems prior to the peak holiday buying season. According to the Pitney Bowes Parcel Shipping Index, released today, US parcel volume grew 37% year-over-year, reaching 20 billion, up from 15 billion in 2019. Looking ahead, Pitney Bowes forecasts US parcel volume will nearly double by 2026, reaching 32 to 39 billion annually.

A record number of warehouse workers will be required to support ecommerce growth. Global brands are seeking assistive-automation to increase throughput and safety for warehouse associates.

About Ambi Robotics
Ambi Robotics is an artificial intelligence (AI) and robotics company developing advanced solutions that scale e-commerce operations to meet demand while empowering humans to work smarter. The company’s industry-leading AI operating system, AmbiOS, leverages proprietary simulation-to-reality technology to operate highly-dexterous robotic systems. Founded in 2018, the world's top roboticists, AI researchers, and leading business professionals work together to build the supply chain's most valued systems. The company is located in Emeryville, Calif. For more information, visit www.ambirobotics.com/.

About Tiger Global
Tiger Global Management, LLC is an investment firm focused on public and private companies in the global internet, software, consumer and financial technology industries. Since 2003, the firm’s private equity business has invested in hundreds of companies, from Series A to pre-IPO, in more than 30 countries. Investments include Facebook, LinkedIn, JD.com, Spotify, Peloton, ByteDance, Instacart, DoorDash, Brex, Sentinel One and Waymo. Tiger Global was founded in 2001 and is based in New York with affiliate offices in Hong Kong, Singapore, Bangalore and Melbourne.

###

https://www.ambirobotics.com
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Technology
    • Related Articles

      Vecna Robotics Announces $65 Million in Series C Funding

      FarEye Announces $100 Million Series E Round Led by TCV and Dragoneer

      Caja Robotics announces $12 million Series B funding

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • U.S. manufacturing resurgence faces headwinds

    • InPerson interview: Geoff Muessig of Pitt Ohio

    • Warehouse yards to go digital

    • BNSF retires locomotive used for testing alternative fuels

    • Fulfilling commitments

    Now Playing on DCV-TV

    20230922intralox vs large

    Intralox Parcel Automation: Never Stop Moving

    DCV-TV 4: Viewer Contributed
    Your business—and the flow of products through it—never stops. Intralox’s logistics and material handling specialists have the technologies, services, and expertise to keep you moving.

    FEATURED WHITE PAPERS

    • Rodent Radar: A Guide To Help Protect Your Business From Rodents

    • The Value of Genuine Parts and Service

    • Five questions to ask before electrifying your indoor forklift fleet

    • Unlock Success with Our Freight Tech Checklist!

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing