Attabotics Bags $71.7M Round to Revolutionize Legacy Fulfillment Centers
has raised $71.7M USD in Series C-1 funding led by Export Development Canada (EDC)
with participation from Ontario Teachers’ Pension Plan Board (Ontario Teachers’)
through Teachers’ Venture Growth (TVG). The round brings Attabotics’ total
funding to $165.1M USD to date and will be used to further accelerate the
commercialization of its 3D robotics warehousing solution in the wake of growing
Attabotics is the world’s first supply chain solution for modern commerce. The
company’s all-in-one automated fulfillment system condenses a typical warehouse
by creating a single, vertical storage structure. Inside the structure, robotic
shuttles known as Attabots move in three-dimensional space to pick goods that
are presented to workers at the workstation on the outside perimeter.
Attabotics’ unique architecture maximizes the flexibility and speed of warehouse
processes while reducing a retailer’s required warehouse needs by up to 85%.
This reduction of space allows Attabotics customers to place warehouses closer
to cities for faster delivery times. As consumer expectations continue to
increase, Attabotics is helping customers to adjust to that surge while
simultaneously offering a solution to ongoing warehouse labor shortages.
“Our vision from day one has been revolutionizing the current supply chain
system by offering retailers a fast, sustainable and ultramodern model to
fulfill customer needs,” said Scott Gravelle, Founder and CEO of Attabotics.
“Creating the software and hardware needed to solve the global supply chain
problem is a massive undertaking but this new funding, along with the support
from our investors and team, will allow us to scale our technology and double
down on our commitment to implementing the most advanced fulfillment technology
on the market.”
has been a privilege building a strategic relationship with Attabotics. They are
a forward-thinking company developing innovative technologies to address global
supply chain challenges for modern commerce while reducing trade’s environmental
footprint,’’ said Guillermo Freire, Senior Vice President Mid-Market Group, EDC.
“EDC is here to accelerate the international growth of mid-market companies like
Attabotics. As a strategic partner, we can not only support with our financial
solutions, but can also help fast-forward their growth by leveraging our
international networks to support advancements into new markets and to develop
new customer relationships around the world.’’
The fundraise comes on the heels of a banner year for Attabotics, including the
launch of the Attabot™ 2022 and a bolstered roster of partners such as Pan
Pacific Pet, Modern Beauty Supplies, the U.S. Department of Defense, Körber
Supply Chain Automation, SYNUS Tech, and more.
Jefferies LLC acted as the sole and exclusive placement agent and financial
advisor to the company in connection with the transaction.