Exotec Solutions, a Paris and Lille, France-based robotics startup, raised €3.3m in funding.
Backers included 360 Capital Partners, Breega Capital and original investors.
The company intends to use the funds for product development and commercial development, with plans to recruit over 30 employees in 2017.
Led by Romain Moulin, co-Founder and CEO, and Renaud Heitz, co-Founder and CTO, Exotec Solutions recently launched an order preparation system powered by a centralized intelligence system, which coordinates both mobile robots and humans. A warehouse employee typically covers around 15 kilometers per day assembling and dispatching orders. The Exo, Exotec’s first version of the system, reduces this distance to four kilometers, thus doubling the productivity of each employee.