Bulgarian-founded UVIONIX has secured €3.4M in seed funding led by LAUNCHub Ventures, with participation from one German and two CEE funds.
👯 Founding team: Boris Iskrev (CEO), Stanislav Darmonski, PhD (CTO)
📅 Founding year: 2024
🏭 Industry: Robotics and warehouse automation
💥 Problem: Inaccurate and inefficient warehouse inventory management leading to high costs and operational errors
📣 Solution: Autonomous flying robots, powered by AI, for real-time inventory monitoring with 99.9% accuracy
👥 Customers: Logistics and retail industries
🌱 Stage: Seed stage
💰 Investment amount: €3.4M
🚀 Funded by: LAUNCHub Ventures (lead), PortfoLion, Underline Ventures, Robin Capital, and angel investors
👁️🗨️ Investor’s perspective:
“Uvionix’s AI-driven approach is setting a new industry standard, redefining supply chain efficiency.” — Raya Yunakova, LAUNCHub Ventures
“Logistics and warehousing are adopting new technology at a fast pace, due to AI developments, workforce shortages, and the continuous need for optimization. The Uvionix team can address these challenges by leveraging its entrepreneurial, and technical experience, and building a best-in-class product for its category.” — Bogdan Iordache, GP Underline Ventures
💡 It will be spent on: Product release, market expansion in the US and Europe, strategic partnerships, and team growth
💬 In their own words:
“This funding is a pivotal step toward realizing our vision of making supply chain management smarter, faster, and more transparent.” — Boris Iskrev, CEO
💪 Their specialty: AI-powered autonomous flying robots for warehouse automation
🔑 Business model: B2B solutions for logistics and retail companies
👩🏫 Market: Logistics and warehousing industries adopting automation due to workforce shortages and operational challenges
📊 Traction: Development of U-Vee, an autonomous inventory management system creating live digital twins of warehouse spaces
