InVia's Investment Funding Backed by Microsoft, Qualcomm, and Hitachi.

Logistics Tech Outlook | Wednesday, January 12, 2022

Microsoft, Qualcomm, and Hitachi funded the latest funding round of inVia Robotics, a warehouse automation vendor.

FREMONT, CA: Warehouse automation vendor inVia Robotics today announced a 30 million dollars fundraising round led by tech titans Microsoft, Qualcomm, and Hitachi, which might help it satisfy the need for optimization technology in e-commerce fulfillment driven by the pandemic. M12, Microsoft's venture fund, and Qualcomm Ventures LLC led the series C investment, which was joined by Hitachi Ventures, corporate venturing arm of Hitachi, Ltd., and inVia's existing investors, Point 72, Upfront, and Embark. The funding pushes InVia, situated in Westlake Village, California, to a total of 59 million dollars, following prior rounds, including a 20 million dollars round in 2018.

The company stated that InVia intends to leverage the new investment in three ways, beginning with expanding the product reach and operational support throughout North America. The funds will also drive market expansion into the Asia-Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions. Third, inVia will collaborate with critical supply chain partners such as Qualcomm's Robotics RB5 Platform, a 5G and AI-enabled robotics platform that enables rapidly developing robots and drones.

Quinn Li, senior vice president of Qualcomm Technologies, Inc and global head of Qualcomm Ventures, stated that global e-commerce adoption is witnessing exponential expansion, necessitating powerful warehouse optimization solutions. AI-powered warehouse automation solutions from inVia assist in boosting warehouse throughput and workflow efficiency. Through our investment, we look forward to assisting inVia in driving warehouse digitization using AI and 5G. The company also intends to expand its strategy of making scalable customization accessible to businesses of all sizes by utilizing technologies such as its Robotics-as-a-Service (RaaS) subscription plan and its inVia Picker robots, which provide mobile goods-to-person automation.


Weekly Brief

Read Also