PHINXT Robotics has brought in around $2.51 million (€2.3 million) in an oversubscribed funding round. The robotics software developer plans to use the funding to grow its engineering and sales teams and expand into mainland Europe.
Founded in 2022, PHINXT said it aims to redefine the warehouse automation landscape with its cloud-based platform. The London-based company designed it to streamline robotic deployments and support a flexible monthly subscription model.
“At PHINXT, our mission is to revolutionize 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 centralized server,” stated Yanwen Chen, co-founder and CEO of PHINXT.
PHINXT offers workflow automation at the edge
PHINXT claimed that its decentralized edge AI software can help warehouses of any size scale workflow automation.
Its system includes a cloud-based control panel that provides users with a live status of their warehouse, a decentralized rich communication service (RCS), and modular cloud apps. It also includes an extensible cloud integration engine that connects to the end user’s warehouse management system (WMS).
“Our robot-agnostic platform supports warehouses at every stage of their automation journey, providing unparalleled flexibility and efficiency,” Yanwen Chen said. “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 optimize various tasks, from picking to transportation, enhancing overall productivity,” she said.
Investors seek more productive warehouses
Sure Valley Ventures led the funding round, which also included participation from Ada Ventures, Heartfelt, and Atlas Ventures.
“PHINXT’s unique edge computing technology helps warehouses to drastically increase performance and profitability, providing a highly flexible and cost-effective robotics solution that will enable far greater adoption,” said Brian Kinane, founding partner at Sure Valley Ventures. “PHIXNT has a clear advantage in terms of cost, simplicity and flexibility, and with their cutting-edge proprietary technology, are extremely well-positioned to disrupt this market globally,”
Ada Ventures said its investment in PHINXT is a strategic move to help it stay ahead. Users of PHINXT’s technology can potentially quadruple warehouse output and significantly enhance operational efficiency, it asserted.
Along with its software platform, PHINXT also offers a range of robots, including goods-to-person, material handling, case-picking, and parcel–sorting systems. The company designed its robots for small to midsize warehouses, third-party logistics providers (3PLs), distributiors, and manufacturers.
Recently, PHINXT graduated from the Female Foundry Visionaries AI Incubator in collaboration with Google Cloud.
