Instock, a San Carlos, CA-based company which specializes in customer fulfillment robotics, raised $3.2M in funding.
The round, which brought the total amount to $6.2M, was led by Amazon Industrial Innovation Fund, OneWay Ventures and Lux Capital, with participation from Commerce VC, u.ventures, Cybernetix Ventures and other investors.
The company intends to use the funds to expand its development efforts and launch, in January 2024, its first production system with a tech-forward 3PL in North America.
Led by CEO Yegor Anchyshkin, Instock delivers a fully as-a-service automated storage and retrieval solution (ASRS) for eCommerce fulfillment operations. Its technology uses a software-driven architecture, a high-fidelity simulation-first approach and by enabling self-service for day to day operations. Instock is making goods-to-person automation accessible to every fulfillment business with radically improved flexibility, modularity, and price point.
FinSMEs
07/12/2023