Singapore-based Sesto Robotics targets international expansion with $5.7M raise


Singapore-based business robotics company Sesto this week introduced a $(*8*).7 million elevate, that includes TRIVE, WTI GmbH and SEEDS Capital (Undertaking Singapore’s VC wing). The spherical follows a in a similar fashion sized $(*7*) million Sequence A, again in 2022.(*(*8*)*)

Sesto has had a hectic few years since that spherical — as have many within the business robotics class, as extra firms have appeared towards automation right through the pandemic. In Would possibly 2022, the company introduced HealthGUARD, a disinfecting robotic that was once forward of the curve of UV-C methods we’ve observed during the last few years.(*(*8*)*)

That August, the corporate added Magnus to its lineup of AMRs (independent cell robots). That device operates in a similar fashion to various independent warehouse robots, and appears a good bit just like the methods evolved through (the now-Amazon-owned) Kiva. Their modular design signifies that more than a few equipment can also be fastened on most sensible of the robots for added capability, a plus for corporations taking a look to all of a sudden deploy a military of independent help. That comes with such things as Sesto High, a 7-axis robotic arm designed particularly for semiconductor manufacturing — a class of producing for sure eagerly taking a look to amplify into automation.(*(*8*)*)

Final Would possibly, Sesto expanded operations to Europe — particularly Austria, Germany and Switzerland. That for sure explains funding passion this spherical from EU-based companies. Bringing up analysis from GMD, CEO Chor-Chen Ang notes of the spherical, “We’re excited to faucet into the expansion of Self sufficient Cell Robots in Europe which is projected to amplify at a CAGR of 11.8% over the following (*7*) years from US $(*7*).40B these days.”(*(*8*)*)

Investment will move towards increasing those forms of global partnerships, marketplace, in addition to construction out the corporate’s product choices and the flexibility of its current robots.(*(*8*)*)

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