IAM Robotics develops autonomous mobile pick-and-place robots that combine a multi-segmented robotic arm with a mobile base. Its Swift robots use AI and computer vision to navigate warehouse aisles, locate products, and manipulate items with a suction-cup-tipped gripper. The company emphasizes full autonomy — no human in the loop to physically handle items — allowing robots to drive around and make picking decisions themselves. A hands-on demo showed the robots traveling aisles, attaching to boxes, and depositing items into bins. IAM operates out of a small office outside Pittsburgh and has mostly operated quietly despite raising a $20 million venture round led by KCK late last year. Prospective customers view the technology as a way to reduce costs and address manual labor shortages in fulfillment operations.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2019