Pickommerce, an innovator in warehouse automation, has announced a successful funding round of $3.4 million to further develop and market its cutting-edge PickoBot piece-picking robot. The investment, led by IL Ventures along with InNegev, Fusion VC, the Israel Innovation Authority, and strategic partner ZIM Ventures, positions Pickommerce to disrupt the rapidly growing warehouse automation market, projected to reach nearly $9 billion by 2029.
As logistics warehouses become increasingly automated, the final “Pick and Pack” stage still largely relies on human labor, which is facing a significant global shortage. PickoBot aims to fill this critical gap by enhancing efficiency and accuracy in picking a wide variety of items. The robot employs advanced computer vision and machine learning to ensure safe handling of objects of various sizes, weights, and textures.
“Pickommerce is disrupting the logistics industry by delivering advanced solutions that streamline automation operations,” stated Yoni Heilbronn, Managing Partner at IL Ventures. “In a market where manual picking is still prevalent, this technology is set to redefine industry standards and drive a new era of agility and cost-effectiveness.”
The recent installation of PickoBot at Havivian Farm, one of Israel’s largest organic farms, exemplifies the technology’s adaptability. The farm sought to automate its fresh produce packing line to enhance operational efficiency. Boaz Havivian, the farm’s owner, highlighted the importance of PickoBot in maintaining high quality throughout the packing process, ensuring that produce reaches customers in optimal condition.
Kfir Nissim, Co-Founder and CEO of Pickommerce, remarked, “We appreciate the support from our investors and the significant demand for PickoBot in the market. Our technology offers unmatched flexibility through advanced gripping capabilities, enhancing the efficiency of warehouse operations.”
Editorial Opinion
Pickommerce is well-positioned to revolutionize the logistics and warehouse automation industry, addressing a critical labor shortage while improving operational efficiency. As companies increasingly seek solutions to streamline their processes, PickoBot offers a timely answer to the challenges faced in logistics. Its ability to adapt to various items and environments not only enhances productivity but also reduces operational costs, making it an invaluable asset for warehouses across multiple sectors.
The backing from prominent investors like IL Ventures and ZIM Ventures underscores the confidence in Pickommerce’s vision and technology. With a projected growth rate of 53.4% for the warehouse automation market, Pickommerce is poised to capture a significant share while contributing to the evolution of the industry. As it continues to innovate and expand, the company is set to establish new benchmarks in warehouse automation, paving the way for a future where manual labor in logistics is significantly reduced.
For more information about Pickommerce, visit Pickommerce.com.
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