ForwardX
Assembly Line
Beijing robotics firm ForwardX’s Series C hits $61 million
ForwardX this week announced an additional $30 million in funding, bringing the Beijing-based firm’s Series C up to $61 million. The funding follows an initial tranche announced way back in December 2021. It brings the warehouse robotics firm’s total funding up to $140 million since its 2016 launch.
For its part, ForwardX already boasts an impressive client list, including L’Oréal, IKEA, SF DHL, UNIQLO, Walmart and Mitsubishi. Those are the sorts of names that keep VCs interested. All told, the company says it’s deployed some 3,000 robots across 150 sites on four continents. Presently it’s seeking further expansion into the North American, European, Asian and Australian markets.