Phinxt Robotics Secures £2M Funding for AI-Led Robotics Software Expansion
Phinxt Robotics specializes in developing AI-driven software that enhances the interoperability and efficiency of robotic systems across multiple sectors.
Company Name: Phinxt Robotics
Location: London, UK
Sector: AI, Robotics Software
Funding Details: Raised £2 million in funding led by Sure Valley Ventures, with participation from Ada Ventures, Atlas Ventures, and Heartfelt Ventures.
Purpose of Investment: The funds will be used to expand operations and enhance the development of its robotics software platform.
Leadership: Led by CEO Yanwen Chen and Quirino Zagarese.
Product and Innovation: Phinxt Robotics offers a revolutionary platform that enables various types of robots to collaborate, creating autonomous ecosystems for warehouses and entire supply chains. The platform operates on a per robot leasing model, which allows for cost-effective adoption and optimal robot selection for customers. It features advanced coordination capabilities on the edge, facilitating the easy integration of new robots at minimal expense.
Company Growth: Initially focusing on warehouse automation, Phinxt Robotics helps ecommerce providers dramatically increase their productivity and profit margins by doubling efficiency and quadrupling output with reduced expenditure. The company’s broader vision extends to integrating autonomous vehicles and drones, significantly enhancing the scalability and utility of autonomous machines in various industries.
About the Company: Phinxt Robotics specializes in developing AI-driven software that enhances the interoperability and efficiency of robotic systems across multiple sectors. With a focus on scalable, edge-based solutions, Phinxt is paving the way for the next generation of robotics in logistics and beyond. Previously, the company raised £600k in funding from notable investors including Fuel Ventures, Amar Shah, and several venture syndicates.