Brightpick Raises $12 Million to Accelerate Rollout in the US

New Fundraise Brings Total Funding for Brightpick to $47 Million

New Funds to Accelerate Deployment of Brightpick’s AI Robots in the US

Erlanger, KY, USA — November 12, 2024 — Brightpick, a leading provider of warehouse automation solutions for order fulfillment, announced it has raised an additional $12 million in a mix of equity and debt. The round saw participation from new investor EBRD Venture Capital, alongside existing investors Pavel Baudiš and Eduard Kučera (founders of Avast), Miroslav Trnka (founder of ESET), Maximilian Kolowrat-Krakowsky, and Juraj Duriš.

Founded in 2021 as a spin-off of Photoneo, a leader in 3D robotic vision sensors and intelligence software, Brightpick now has over 200 employees and 300 AI robots deployed across the US and Europe. Its customers include leading companies such as Rohlik Group, Dr. Max, and The Feed. To date, Photoneo has invested over $35 million in Brightpick, with this latest round bringing total funding to $47 million. The new funding will primarily support the deployment of Brightpick’s AI robots in the US, which is expected to generate 50% of the company’s revenue in 2024.

The Brightpick solution takes just weeks to deploy and enables companies to reduce their fulfillment labor to a minimum. Brightpick Autopicker, the company’s award-winning flagship robot, is the only mobile robot in the world that robotically picks and consolidates orders directly in the warehouse aisles, like a human with a cart.

“Since launching Brightpick Autopicker early last year, we’ve experienced tremendous interest from new customers,” said 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.”

“We are excited to support Brightpick as they continue to revolutionize warehouse automation with their innovative technology,” said Bruno Lusic of EBRD Venture Capital. “Their ability to deliver unmatched efficiency and cost savings to customers positions them as a leader in the market, and we are confident that their rapid growth in the US will further strengthen their leading position.”

About Brightpick

Brightpick offers AI robots for warehouses to easily automate every step of their order fulfillment. The innovative robots enable warehouses of any size to fully automate order picking, consolidation, dispatch and stock replenishment. The award-winning Brightpick solution takes just weeks to deploy and enables companies to reduce their fulfillment labor to a minimum. Headquartered near Cincinnati, OH, Brightpick has more than 200 employees and is part of Photoneo Brightpick Group, which has over 8000 technology installations across the US, Europe and Asia. For more information, visit www.brightpick.ai.