Exotec offers an end-to-end hardware and software warehouse automation solution centered on autonomous Skypods that retrieve bins from racks and deliver them to human-operated picking stations. The company also developed Skypickers to automatically pick goods from inventory bins into ready-to-ship bins, further reducing manual steps. Exotec positions its product as a human-robot collaboration service rather than a complete replacement for workers, enabling higher storage density and flexible expansion by adding racks and additional robots. Customers can expand infrastructure and add Skypods without rebuilding operations, and Skypods are used both to store incoming deliveries and to fulfill orders. The startup has recently signed eight large customers in North America, including Gap and Geodis; Decathlon uses Exotec in its Montreal fulfillment center. Following the latest funding, Exotec plans to hire 500 engineers by 2025 and continue its push in North America. Exotec develops Skypod 3D warehouse robots and robotics solutions to augment warehouse productivity and increase storage capacity up to five times. Its autonomous robots move in a three-dimensional pattern at speeds of 13 feet per second to create efficient picking and preparation processes. The company serves B2B and B2C retail sectors including fashion, grocery, pharmaceutical, hardware and manufacturing, with clients such as Carrefour and Fast Retailing. Exotec reported revenue doubled in 2020 as several new international clients adopted its technology. The company is expanding its footprint in North America, has signed partnerships with integrators AHS, S&H Systems and Conveyco, and is hiring in the region to support growth. The recent financing is intended to help deliver its adjustable robotics solution to a wider range of clients across the U.S., Europe and Asia. Exotec Solutions is a French AI robotics startup founded in 2015 by Romain Moulin (CEO) and Renaud Heitz (CTO). The company develops an order preparation system using 3D mobile robots that move in three dimensions to transfer goods to warehouse staff. Its robots use laser-scanner navigation and AI and can carry bins weighing more than 30 kg. Exotec targets logistics for traditional and grocery ecommerce companies, aiming to reduce picker walking and speed packing and shipping. The company secured €15m in Series B funding and plans to use the money to grow the team and deliver 1,000 new robots by 2019. Exotec Solutions develops an order preparation system powered by a centralized intelligence layer that coordinates mobile robots and human workers in warehouses. The company launched its first system, Exo, which reduces the distance a warehouse employee walks from about 15 kilometers per day to roughly four kilometers, effectively doubling individual productivity. Exotec is led by co‑founders Romain Moulin (CEO) and Renaud Heitz (CTO). The startup raised €3.3m to support its growth and operational plans. It intends to use the funds for product development and commercial development and planned to recruit more than 30 employees in 2017. The company is based in Paris and Lille, France.

Total raised

$446M

Funding rounds

4

Latest round

Series D

Latest activity

Jan 2022