- Ambitious plans for expansion in Southeast Asia and India, alongside strategic partnerships for ANZ and US initiations
- Investment poised to bolster product R&D and expedite deployments in response to surging demand for scalable automation solutions
Botsync, a robotics automation firm headquartered in Singapore, acclaimed for its expertise in Autonomous Mobile Robots (AMRs) and vendor-agnostic automation orchestration, has secured an undisclosed sum of additional funding from SGInnovate, as part of a prolonged Series A financing round.
The company articulated that this investment will fortify its market position amidst escalating demand for scalable automation, allowing it to enhance product research and development and expedite deployments for its current clientele.
Botsync is experiencing heightened interest from the fast-moving consumer goods (FMCG), food and beverage (F&B), and automotive industries, spurred by an escalating need for flexible automation solutions within the region.
Over the preceding year, the company has established a foothold in Australia and South Africa through strategic alliances to facilitate customer deployments, in addition to partnering with SK International as a cornerstone of its foray into the United States.
Notably, the company has reported an astonishing 240% increase in production trips, surpassing one million live production excursions by 2025, coupled with a remarkable 230% surge in revenue.
This exceptional performance is attributed to the expansion with existing clients and partnerships with global enterprises such as Ford, Caterpillar, Kimberly-Clark, Coca-Cola, Aquaporin, and Nestlé.
With the influx of additional capital, Botsync aims to fast-track product and technological advancements, concentrating on expanding SyncOS integrations throughout a wider array of robotic and software platforms, whilst enhancing its AI-driven analytics and optimization proficiencies. Furthermore, the company is committed to improving the throughput and real-world adaptability of its MAG AMRs.
Botsync is strategically positioning itself to deepen its presence in Southeast Asia and India, while forging vital partnerships aimed at facilitating launches across ANZ and the US, with market development initiatives currently in motion.
“The backing from the Singapore ecosystem has been pivotal to our growth trajectory, and we are indeed grateful to welcome SGInnovate at this juncture in our journey,” remarked Rahul Nambiar, CEO and co-founder of Botsync.
“As clients transition from pilot projects to expansive rollouts, our proficiency in orchestrating multi-vendor robotic fleets has emerged as a distinctive advantage.”
“We contend that the forthcoming era of robotics will not solely hinge on more intelligent robots, but rather on adept systems that can coordinate them with greater efficacy,” he further elaborated.
Hsien-Hui Tong, executive director of investments at SGInnovate, commented, SGInnovate is thrilled to support Botsync in this critical growth phase.
Their innovative approach addresses genuine industry requisites and exemplifies the potential for home-grown deep tech firms to scale regionally and exert meaningful influence.
Ultimately, Botsync aspires to establish SyncOS as the foundational orchestration layer for enterprises that seek to automate industrial operations at scale, backed by robust partnerships with technology providers and system integrators across both manufacturing and logistics sectors.
Source link: Digitalnewsasia.com.
