XYZ Robotics

Warehouse picking robot startup XYZ raises $17 million

Warehouse picking robot startup raises $17 million (Photo: XYZ Robotics)

Massachusetts-based logistics robot startup XYZ Robotics has raised a Series A+ round of $17 million, led by Source Code Capital, Gaorong Capital and Morningside Capital. XYZ, which develops picking robots for warehouses, said the financing would help scale up research and development and bolster its operational capabilities. This funding round brings the company’s total investment to $27 million.

E-commerce has steadily risen in prominence within the retail market, eating into the market share...

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The Daily Dash: Electric truck mania; robotics company lands $17M; and J.B. Hunt receives landmark tractor

Volvl Trucks electric VNR tractor

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Schneider National, Navistar and Volvo Trucks North America all announced advancements to electric vehicle testing and charging networks. Plus, a warehouse robotics company and 3D additive printing firm land investment rounds.  

Electric charge

The flurry of news surrounding electric trucks on Wednesday was nearly nonstop. In the end, three large companies — Schneider National, Navistar and Volvo...

https://www.freightwaves.com/news/the-daily-dash-electric-truck-mania-robotics-company-lands-17m-and-jb-hunt-receives-landmark-tractor