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As Seegrid prepares to expand its portfolio, it’s poised to upgrade its product range from the LIft RS1 (left) to the Carry CR1 (right). | Credit score: SeeGrid
Seegrid Corp. Yesterday closed a $50 million Series D funding round, led by existing investors Large Eagle Inc. Together with G2 Enterprise and fellow companions, alongside valued contributions from diverse stakeholders. A Pittsburgh-based company intends to utilize the acquired funding to accelerate market-driven development of its autonomous mobile robotics technologies.
“We are delighted to announce that we have successfully secured additional funding from our valued partners,” says Joe Pajer, President and CEO of Seegrid. “This enables us to accelerate the deployment of our innovative capabilities and solutions to market, thereby providing greater value to our customers at a faster pace.”
“This significant investment serves as a testament to the confidence our customers have in our innovative vision, the potency of our cutting-edge antimicrobial resistance (AMR) technology and solutions, and the rapidly growing market momentum we’re gaining,” he said. “Since its inception, Seegrid has maintained a position of leadership in the autonomous tow tractor market, consistently setting the standard for innovation and excellence.” We’re spearheading a transformative shift in the {industry}, seamlessly developing, manufacturing, and deploying groundbreaking autonomous elevating trucks that redefine industry standards.
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Demand drives AMR development
According to Seegrid, the market is witnessing accelerated growth, exceeding initial expectations, with potential valuation reaching approximately $3.5 billion by 2027, driven by strong development in the sector. Segments of the industry that are particularly renowned for their investment in automation include automotive, heavy machinery, plastics, and consumer goods manufacturers.
Seegrid plans to leverage its $25 million Series C funding to further develop and commercialize its robotic material handling technology, specifically targeting the e-commerce fulfillment and logistics sectors.
“The Collection D funding might be used primarily to speed up R&D to additional construct upon the constructive momentum we’re seeing from the market and particularly with our lift-truck initiatives,” Pajer instructed . “This R&D will end in further product choices, such because the CR1, and the continued improve in capabilities of our present choices. “Funds could potentially accelerate our product shipment and manufacturing capacity growth by providing crucial support.”
Seegrid’s CEO, Joe Hkr, is pictured on site at a manufacturing facility alongside the company’s autonomous forklifts, the Carry RS1 and Tow Tractor S7 Autonomous Mobile Robots (AMRs). | Credit score: Seegrid
The all-new CR1 Carry Truck: Set to revolutionize logistics with its unparalleled efficiency and reliability. Launching later this year, get ready to experience the future of transportation.
Nearly two years have passed since Seegrid introduced its inaugural autonomous elevating truck to the market. The crane was designed to lift and place payloads of up to 1,600 kilograms (3,527.3 pounds) at a height of 183 centimeters (6 feet) above the ground level.
Later this year, Seegrid will unveil its second autonomous elevator, the.
The CR1 significantly enhances payload transportation and lifting capabilities, supporting loads of up to 1,800 kilograms (3,968.3 pounds) at a height of 457 centimeters (15 feet) above the seabed. The CR1 also features a ride-on chassis, allowing an operator to take control of operations or quickly enhance the robotic’s capabilities.
While various techniques share similar operational capabilities, they differ significantly in terms of their payloads and ranges. By expanding its product line, Seegrid is likely to be better equipped to meet the needs of additional customers.
Our corporation focuses on implementing specific use cases that align with various stages of production, including parts-to-line, end-of-line to outbound staging, inbound staging to placement away, and raw materials to workcell sub-assemblies.
Within the past six months, we’ve successfully launched several groundbreaking technologies, including Sliding Scale Autonomy, a pioneering innovation that seamlessly blends flexibility and predictability in autonomous navigation and manipulation, as well as Enhanced Pallet and Payload Detection, a game-changing feature that enables accurate recognition and handling of an unprecedented range of payloads demanded by top-tier manufacturers. “As companies seek reliable autonomous solutions for real-world applications, Seegrid stands out due to its proprietary technologies expertly combined with a deep understanding of the industry gained from years of successful deployment experience within the autonomous tow-tractor market, earning repeat business from top-tier clients.”
Seegrid navigates a serpentine route through the urban landscape.
As Seegrid enters its third decade, the company has navigated a series of challenges and strategic shifts in its evolution. The corporation asserts that its methods have independently logged more than 14 million miles in manufacturing mileage thus far, and has successfully deployed over 2,000 autonomous mobile robots (AMRs) across more than 200 customer sites for over 50 global manufacturers worldwide.
In 2022, CEO . The company has also taken on new challenges. The corporation has emerged significantly more resilient and focused.
