Magazino GmbH, a Munich, Germany-based company that develops, builds and sells innovative storage and dispensing machines, completed a seed financing round of undisclosed amount.
Backers included High-Tech-Gründerfonds (HTGF) and two business angels invest into the company.
Founded by CEO Frederik Brantner, Lukas Zanger und Nikolas Engelhard, Magazino provides machines that enable efficient individual item storage and dispensing of a wide range of objects. It has developed several technologies to enable the handling of the individual object and to automate the picking: a 3D camera determines the size, shape position and the ideal gripping point. The algorithm calculates the optimal space utilization and the IT platform allows administration.
The start-up from the Technische Universität München was supported by Exist and Flügge since 2013. It already has customers in the pharmacy and fulfillment center industries.