listen to this article |
Floatic, a South Korea-based warehouse robotics solutions provider, has raised $3.8 million in a pre-Series A bridge round. The investment was led by Capstone Partners, and Quantum Ventures Korea, Blue Point, BNK Venture Investment, and BSK Investment participated.
Plotik has raised a total of $8 million since its founding in 2021. Immediately after its founding, Plotik attracted seed investment from domestic technology giant Naver's D2SF and Kakao's Kakao Ventures. It then closed a $2.5 million pre-Series A round in 2022.
The company plans to use the funds to expand its research and development efforts and improve its product as it prepares for commercialization this year.
Floatic develops and provides Floware, an e-commerce picking robot system. According to the company, it provides a complete solution from integration to deployment and operation in less than six weeks with minimal infrastructure and financial requirements. Floatic claims that this approach improves productivity by up to 3.5 times compared to manual picking.
Floware consists of autonomous mobile robots (AMRs) designed specifically for warehouses and a management platform tailored to optimize warehouse workflows. The solution includes features such as 'picking guides' and modular software algorithms that enable flexible operations and real-time management.
Flotic CEO Chan Lee said, “Variables vary every day in warehouses, so without a proper understanding of the site, it is difficult to provide the necessary solutions.” “We focused on the voice of our users from the beginning and developed our product based on this, which made a decisive difference to our solution.”
We are conducting field tests with 3PL companies and local warehouses, and are collaborating with leading domestic logistics partners such as POSCO DX and Logis All. We are aiming for full-scale commercialization in the second half of this year.
“We will continue to invest in developing and creating feasible robotic solutions needed to create the most efficient warehouse environment, while focusing thoroughly on the market from a user-centric perspective,” Lee added. “This round of fundraising will be a powerful driver in achieving this goal, and we are grateful to our investors for supporting us.”