Here’s XSQUARE Technologies! This Singapore-based startup helps warehouses become more efficient with tech solutions like autonomous forklifts.
Now, they’ve just raised a 10.5M SGD ($7.8M) Series A!
Investor check. Wavemaker Partners led the round. SEEDS Capital and Goldbell Corporation also joined in!
🤔 The context
There are regular labor shortages, and they’re tough to fill. At the same time, there’s more and more pressure to optimize operations.
That’s why warehouses are transitioning to more autonomous, intelligent solutions instead of purely using manpower.
And XSQUARE supports you to do that from end to end, at your own pace!
🤖 Don’t hate, automate
Autonomous machines. They have multiple models of machines to fit your business needs, like stackers, tow-tractors, and forklifts!
Software. It’s their AI-powered warehouse control software that integrates across your warehouse equipment and sub-systems.
💰 What’s with the $$$?
They’ll speed up their regional growth, scale up operations, and double down on product development.
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