Mobile robot analytics platform creator Waku Robotics has secured funding from proptech investor Pi Labs, enabling it to further develop its AI-powered software for the logistics and manufacturing sectors.
The Berlin-based company has now secured funding from the UK, Germany and Silicon Valley, it said this reflects advancements in technology and predicts that by 2030 nearly 20 million warehouse jobs will be undertaken by robots.
Waku’s business model is designed to help its customers to determine the robot specification that is best suited to different types of logistics workplaces. This is achieved through its comparison platform “Lots of Bots” that has been set up to enable warehouses and logistics managers to identify the appropriate robot.
The platform has almost 200 mobile robots from around 190 manufacturers. Its Waku Sense function is designed to monitor in real time the performance of robot fleets. The company said this ensures maximum performance and makes operating robots seamless and automated. This robot ‘boot camp’ can deliver a view on diagnostics remotely and at scale.
Faisal Butt, CEO of Pi Labs, said: “In the past, the benefits of automation were limited because of the high cost of the technology, the considerable time required to implement it and the fact that each machine could perform only one function. Today, though, the emergence of more flexible, intelligent robots is making it more viable.
“Waku’s platform is taking advantage of the increasing demand for warehouse digitalisation worldwide by helping customers find the best solution to meet today’s exploding fulfilment challenge.”
