Brightpick funding news – Bratislava-founded Brightpick Secures an Additional $12 Million in a mix of Equity and Debt Funding

Brightpick Offering

It provides AI robots that automate every step of warehouse order fulfillment, including picking, consolidation, dispatch, and stock replenishment. Their robots can be deployed in just a few weeks, helping companies minimize labor costs.

The Brightpick Autopicker, their flagship robot, is the only mobile robot that picks and consolidates orders directly in warehouse aisles, just like a person with a cart.

The company is now based near Cincinnati, Ohio, with more than 200 employees. It is part of the Photoneo Brightpick Group, which has over 8,000 technology installations in the US, Europe, and Asia.

Jan Zizka, CEO and co-founder of Brightpick: "Our unique technology offers greater labor and cost savings than any other solution, which resonates strongly with customers. Our focus has always been on scaling in the US, where we’re now seeing the most traction. These funds will primarily support additional customer installations in that market.”

Investor of the round

The funding round included new investor EBRD Venture Capital, as well as existing investors like Pavel Baudiš and Eduard Kučera (founders of Avast), Miroslav Trnka (founder of ESET), and others.

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The new funds will mainly support the expansion of it’s AI robots in the US, where they expect to generate 50% of their revenue in 2024.

About Brightpick

Brightpick’s AI robots help warehouses automate every step of order fulfillment, including picking, consolidating, dispatching, and restocking, making the process faster and more efficient.