Croatian robotics startup wants to expand

Croatian robotics startup wants to expand

Brussels, 6/16/2021

Gideon Brothers, a Croatian robotics and AI startup, raised $31 million for its autonomous, 3D vision-based mobile robots designed for warehousing, manufacturing, logistics and retail. The fresh capital will help Gideon Brothers expand into the U.S. and Europe.

Gideon’s autonomous mobile robots (AMRs) can pick up, transport and drop off products at warehouses and other industrial sites.

The company will use the fresh funding to further develop and commercialize its AMRS and open new offices in Munich and Boston.

Koch Disruptive Technologies, the venture and growth arm of Koch Industries, led the financing round with participating firms DB Schenker, Prologis Ventures and Rite-Hite.

According to ABI Research, the global mobile robotics market is expected to reach $158.6 billion by 2030 and include 15 million autonomous mobile robots, most of which will use some form of AI technology.

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