Sure Valley Ventures
Assembly Line
PHINXT Robotics raises €2.3 million to redefine warehouse automation
PHINXT Robotics, an AI-led robotics software company, has secured €2.3 million in an oversubscribed funding round led by Sure Valley Ventures with participation from Ada Ventures, Heartfelt and Atlas Ventures. The company will use the funds to grow its engineering and sales teams and begin expansion into mainland Europe where the team sees considerable opportunity. According to its founders, PHINXT’s long-term vision is to extend beyond warehouse robotics automation to encompass delivery drones and autonomous vehicles. Given the core decentralised edge computing technology enables coordinating machines within a distributed network, continued development of the platform will enable PHINXT to deploy solutions in frontier technologies such as autonomous vehicles.
PHINXT has developed a decentralised edge AI software solution to enable robotics automation at any scale. Founded in 2022, the company aims to redefine the landscape of warehouse automation with its cloud-based platform, designed to streamline robotic deployments and support a flexible monthly subscription model. Traditionally, adopting robotics in warehouses has been hindered by exorbitant setup costs – often exceeding £500k – and the complexity of on-site deployment. Consequently, over 90% of warehouses remain fully manual.