Inspenet, July 10, 2023.
Renatus Robotics Inc., a startup in the logistics field, has successfully announced the closing of its seed funding round, raising $2 million in funding from e-commerce logistics company e-LogiT Co., Ltd. and the investment fund CVC Dawn Capital.
This financial milestone is a clear testament to the industry’s confidence in Renatus Robotics’ innovative vision to revolutionize logistics through its end-to-end technologies, beginning with its Renatus automated robotic warehousing system.
The ultimate goal of the company is to create a completely unmanned and autonomous logistics network.
Ryoichi Kakui, President and CEO of e-LogiT Co., Ltd., said, “In the field of logistics operations, investments in artificial intelligence and automation, as well as the implementation of automated warehousing systems, are becoming key elements. essential for the entire industry.In collaboration with Renatus Robotics, our company has decided to implement a large-scale AI-powered automated warehousing system.With the Renatus One-Stop Pick & Pack system, we hope to improve productivity, optimize the use of warehouse and significantly reduce costs, resulting in a warehouse with a high return on investment (ROI).”
The installation of the first Renatus commercial system is already underway and it is expected to be operational from the second quarter of 2024. Most of it will be earmarked and used in e-LogiT’s order fulfillment operations, while the rest will be reserved for Renatus Robotics’ Renatus Network blockchain project.
Renatus Robotics and the financing intention
The purpose of this round of financing covers several aspects. The main objective is to take advantage of the cutting-edge technology in robotics and artificial intelligence from Renatus Robotics, together with the experience in e-commerce logistics of e-LogiT and the knowledge in blockchain of Dawn Capital.
E-LogiT operates a national network of 8 logistics centers and has more than 1,700 customers. Dawn Capital, through its Emoote fund, has a strong track record of strategic investing in the blockchain arena, previously backing STEPN.
By combining these experiences, Renatus Robotics seeks to accelerate its business growth and promote automation in the logistics industry.
Masaya Suzuki, President and CEO of MonotaRO, commented that his company started a performance evaluation project with Renatus Robotics in the fall of 2021 to consider the implementation of “Renatus” in their large-scale logistics centers.
In the process, they have explored various logistics provider options, but the team at the aforementioned logistics company stands out for its ambition and expertise in algorithms and robotics. Suzuki considers it a highly attractive team, in which each member excels in their respective areas of hardware and software, working in a coordinated manner to achieve the objectives of the organization.
On its growth path, Renatus Robotics is currently considering an additional pre-Series A funding round of $2 million, with future fundraising rounds anticipated.
This strategy is intended to provide the necessary capital to expand its operations and establish itself in the United States. The funds will also go towards strengthening sales partnerships and OEM contracts with logistics providers, solution companies and system integrators.
The company cordially invites interested investors, media and job candidates to contact us to explore opportunities for collaboration. Online appointments for a Renatus live demo are available for waitlist scheduling via this Google Form .
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