Instock Raises $3.2M to Launch Innovative Automated Storage and Retrieval System for ECommerce Fulfillment.

Company Name: Instock
Location: San Carlos, CA
Sector: Customer Fulfillment Robotics
Funding Details: Raised $3.2M in funding, bringing the total to $6.2M. The round was led by Amazon Industrial Innovation Fund, OneWay Ventures, and Lux Capital, with participation from Commerce VC, u.ventures, Cybernetix Ventures, and other investors.
Purpose of Investment: To expand development efforts and launch its first production system with a tech-forward 3PL in North America in January 2024.

Leadership: CEO Yegor Anchyshkin
Product: A fully as-a-service automated storage and retrieval solution (ASRS) for eCommerce fulfillment operations, leveraging software-driven architecture and high-fidelity simulation to enable self-service operations.

About Company: Instock is revolutionizing eCommerce fulfillment with its innovative approach to automated storage and retrieval, offering a solution that combines flexibility, modularity, and affordability. The technology is designed to make goods-to-person automation accessible to every fulfillment business, significantly improving operational efficiency.

Innovation and Impact:

• Automated Storage and Retrieval Solution (ASRS): Enhances eCommerce fulfillment efficiency with a scalable and modular approach.
• Software-Driven Architecture: Utilizes a high-fidelity simulation-first methodology for optimal performance and self-service capabilities.
• Accessibility and Affordability: Makes advanced goods-to-person automation accessible and affordable for businesses of all sizes.

Leadership Insight: Under the guidance of CEO Yegor Anchyshkin, Instock aims to disrupt the eCommerce fulfillment sector with cutting-edge robotics technology that addresses the need for efficient, flexible, and cost-effective solutions.