Mobile robotics start-up, Magazino, secures $24.8mn in funding round
German robotics start-up, Magazino, has attracted $24.8mn in a new round of funding, with new investors including the international technology group Körber, Cellcom, Zalando and Fiege Logistics.
The round is led by the Körber Group and is one of the largest funding rounds for robotics start-ups in Europe. The funding will enable Magazino to continue its robotics development as well as expand the company’s sales and distribution network both in Germany and internationally.
Magazino develops and builds perception-driven, mobile robots that automate the handling and transport of goods within intralogistics, in a “flexible and scalable way”.
Magazino said its technology enables dynamic warehousing and order picking as well as intelligent material disposition in e-commerce and assembly lines.
“With the ability to handle individual objects fully autonomously, Magazino closes one of the central gaps in the automation of manual logistics processes which opens up new opportunities to make processes - and companies - more efficient,” said the company in a statement.
Through their financing, the investors secure access to Magazino’s pioneering technology including the software stack ACROS (Advanced Cooperative Robot Operation System), which forms the "brain" of the robot.
This software stack is designed to allow non-deterministic, perception-driven robots to operate in environments that were originally made for humans.
“The Magazino team has developed real innovations with its robotics solutions that have the potential to make a lasting impact on intralogistics,” said Michael Horn, Member of the Executive Board of Körber AG.
“The partnership offers decisive added value, in particular for customers of our Business Area Logistics Systems. At the same time, our investment strengthens our position in a competitive market environment.
“In addition, as part of our digitization initiatives, we will work with the Magazino team to drive forward future-oriented developments.”
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.