£2M Seed Round for PHINXT Robotics

PHINXT Robotics, an AI-driven robotics software company, has successfully closed an oversubscribed £2 million seed funding round.

• Funding Details: This investment, led by Sure Valley Ventures and supported by Ada Ventures, Heartfelt, and Atlas Ventures, will enable PHINXT to expand its revolutionary edge AI software for robotics automation.

• Innovative Edge AI Solution: PHINXT Robotics' decentralized edge AI software simplifies warehouse robotics automation, reducing setup complexity and costs significantly.

• Future-Proof Technology PHINXT aims to extend its platform beyond warehouse robotics to include delivery drones and autonomous vehicles, leveraging its core edge computing technology for coordinated machine networks.

• Strategic Expansion Plans: The newly secured funds will be used to grow the engineering and sales teams and to expand into mainland Europe, tapping into the projected $16 billion mobile robot market by 2027.

With this new funding, PHINXT Robotics is well-positioned to drive further innovation and market expansion in the global robotics automation industry.