XYZ Robotics offers AI-based robotic technologies for sorting, picking, and packing automation, with swappable grippers. It uses a combination of robotic manipulation and machine learning to operate, and the company claims its systems do not require training on working with new objects. It also claims its technology can sort around 900-1,800 pieces of products per hour, with a 99.99% accuracy rate.
Key customers and partnerships
XYZ Robotics reported that it serves the e-commerce, logistics, consumer goods, everyday chemical, and pharmaceutical industries. The company previously focused on third-party warehouse owners and logistics companies across the US and East Asia, while providing turnkey solutions for end-users as well as standalone vision systems for system integrators. With the new funding, XYZ should be able to supply its technology to more industries and open up new incremental application scenarios.
Funding and financials
In June 2022, XYZ raised USD 40 million in a Series B+ funding round to expand investments in R&D, increase market share, develop more user-friendly products, and offer professional services.
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