In a nutshell
- Bratislava-founded Brightpick, a startup providing AI robots that automate every step of warehouse order fulfillment, secured an аdditional €11.3 ($12) million in a mix of equity and debt funding.
- The funding round brought in new investor EBRD Venture Capital, along with returning investors such as Avast founders Pavel Baudiš and Eduard Kučera, ESET founder Miroslav Trnka, and several others.
A spin-off from Slovakian Photoneo secures €11.3 million in equity and debt funding
Warehouse automation startup Brightpick has raised €11.3 ($12) million in a mix of equity and debt. The startup was founded in 2021 as a spin-off from Slovakian Photoneo, a robotics and AI company.
Brightpick’s AI robots aim to enable warehouses to automate each phase of order fulfillment, from picking and consolidating to dispatching and restocking. Their robots’ focus, deployable within weeks, is on helping companies significantly reduce labor costs. The company’s flagship robot, the Brightpick Autopicker, is designed as a mobile solution that picks and consolidates orders directly in the warehouse aisles, operating similar to a person with a cart.
Fueling Brightpick’s expansion in the US warehouse automation market
A new investor, EBRD Venture Capital, joined the round as well as existing investors like Pavel Baudiš and Eduard Kučera, founders of Avast, Miroslav Trnka, founder of ESET, and others.
Jan Zizka, CEO and co-founder of Brightpick, shared that the new fund will primarily support additional customer installations in that market. “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,” he explained.
According to their data, Brightpick has over 200 employees and 300 AI robots working in warehouses across the US and Europe.
The company is now based near Cincinnati, Ohio, part of the Photoneo Brightpick Group, which has over 8,000 technology installations in the US, Europe, and Asia.
