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PHINXT Robotics has successfully raised £2 million in funding to enhance its edge AI platform, aimed at revolutionizing warehouse automation. This funding round, led by Sure Valley Ventures, will enable the company to expand its engineering and sales teams while targeting growth in mainland Europe. Founded in 2022, PHINXT's innovative technology significantly reduces the costs and complexities associated with robotic deployments in warehouses.
The company's decentralized edge AI technology allows for seamless coordination of various types of robots, making automation more accessible to businesses. With reported productivity increases of up to 400% and doubled profit margins for users, PHINXT is poised to disrupt the global mobile robot market, projected to reach $16 billion by 2027. Future plans include extending their technology to delivery drones and autonomous vehicles, showcasing their commitment to innovation in the logistics sector.
• PHINXT Robotics raised £2 million to enhance its edge AI platform.
• The platform enables significant productivity increases and cost reductions in warehouses.
This technology allows for real-time data processing and decision-making, which is crucial for coordinating robots in warehouse automation.
This approach enhances efficiency and reliability in robotic operations, as demonstrated by PHINXT's technology.
PHINXT's platform exemplifies this by enabling businesses to choose the robots that best fit their needs.
The company aims to simplify robotic deployments through its innovative edge AI platform, making automation accessible to a broader range of businesses.
The firm led the recent funding round for PHINXT Robotics, highlighting its commitment to supporting innovative solutions in the robotics sector.
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