AMR provider ForwardX Robotics closes out $61 million in Round C funding
Collectively, ForwardX has raised about $140 million since its founding in 2016.
ForwardX Robotics, a global provider of vision-based autonomous mobile robot (AMR) technology, recently announced the successful completion of its latest funding round. With this round which closed on July 7th, ForwardX Robotics has raised a substantial amount of funding, marked as $30 million and bringing the series C total to $61 million.
The companies states this round will be instrumental in further accelerating the company's growth and expanding its presence across the globe. Collectively, ForwardX has raised about $140 million since its founding in 2016. The company added that it has deployed over 150 commercial projects and 3,000 robots across four continents. Its solutions encompass various applications in material handling, picking, docking, and storage management.
In the warehousing and logistics space, ForwardX covers each picking, case picking, and hybrid picking workflows. Its f(x) Fleet Manager commands fleets of hundreds of AMRs and Apex autonomous forklifts to provide full end-to-end automation solutions. Customers like SF DHL have seen picking efficiency improvements of up to 200%.
For the manufacturing and automotive industry, ForwardX added that it has developed conveyor tops, lifting modules, and tugging AMRs. TCL deployed Flex AMRs with a lifting module for line side delivery, and the project marked the world’s first 5G AMR deployment.
CEO Nicolas Chee expressed his enthusiasm about the latest round of funding, stating, “Our success in securing this funding reflects the positive momentum we have built over the past few years. ForwardX Robotics has experienced substantial growth across key markets, and we are excited to expand our footprint globally. This funding will propel our efforts to supply solutions to our partners and end users in North America, Europe, Asia, and Australia.”
