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Singapore-based Sesto Robotics targets worldwide development with $5.7M raise

Singapore-based modern industrial robotics technology firm Sesto this week declared a $5.7 million raise, including TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing). The round follows a comparatively estimated $4 million Series A, back in 2018.

Sesto has had a busy few year since that round – as have numerous in the industrial robotics technology class, as more organizations have looked toward robotization during the pandemic. In May 2020, the firm sent off HealthGUARD, a  disinfecting robot that was on top of things of UV-C frameworks we’ve seen throughout recent years.

That August, the company added Magnus to its lineup of AMRs (autonomous mobile robots). That system operates similarly to a number of autonomous warehouse robots, and looks a fair bit like the systems developed by (the now-Amazon-owned) Kiva. Their modular design means that various accessories can be mounted on top of the robots for additional functionality, a plus for companies looking to swiftly deploy an army of autonomous assistance. That includes things like Sesto Prime, a 7-axis robot arm designed specifically for semiconductor production — a category of manufacturing no doubt eagerly looking to expand into automation.

Last May, Sesto extended operations to Europe – explicitly Austria, Germany and Switzerland. That no question clarifies operations interest this round from EU-based firms. Citing research from GMD, CEO Chor-Chen Ang notes of the round, “We are excited to tap into the growth of Autonomous Mobile Robots in Europe which is projected to grow at a CAGR of 11.8% throughout the following a long time from US $4.40B as of now.”

Funding will growing towards such these sorts of international partnerships, market, as well as building out the company’s product offerings and the versatility of its existing robots.

Robotics and different mixes will make the world pretty phenomenal contrasted compared with today. Robots will play significant part in giving actual help and even friendship for the elderly. I believe the company will continue to prosper in its journey ahead. My best wishes to the team of Sesto robotics.

Shishir Gupta, Founder and CEO, StartupLanes

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