Phinxt Robotics (Phinxt), an AI-driven robotics software company, has secured £2m in an oversubscribed funding round led by Sure Valley Ventures, with participation from Ada Ventures, Heartfelt and Atlas Ventures.
Founded in 2022, Phinxt has developed a decentralised edge AI software solution to enable scalable robotics automation.
Phinxt Robotics aims to transform warehouse automation with its innovative cloud-based platform. Traditional warehouse robotics face high set-up costs—often more than £500,000—and complex deployments, leaving over 90% of warehouses manual, according to the company.
Phinxt’s technology seeks to address these issues by simplifying robotic deployments and supporting a flexible monthly subscription model, allowing businesses to enhance productivity and profit margins significantly.
The company has gained some market traction, securing several contracts, including a major UK grocery retailer, following a successful pilot program.
The new funds will be used to expand Phinxt’s engineering and sales teams and to initiate expansion into mainland Europe, targeting the growing global mobile robot market projected to reach US$16bn (£12.6bn) by 2027.
Phinxt’s CEO and co-founder, Yanwen Chen, brings expertise with two PhDs in computer science and synchronisation communications for robotics. She developed the algorithm enabling robots to self-orchestrate without central network connections.
Co-founder Quirino Zagarese, an expert in distributed systems, collaborated to build the scalable architecture.
PHINXT recently graduated from the Female Foundry Visionaries AI Incubator, highlighting its innovative approach in AI-led software. With the new investment, PHINXT is poised to advance its technology and expand into new markets, driving further growth and innovation in robotics and autonomous systems.
