Prove that Central and Eastern Europe remains a power of hardware engineering associated with software, Gideon Brothers (GB), a robotics and AI startup based in Zagreb, Croatia, has raised a $ 31 million Series A round led by Koch Disruptive Technologies (KDT), the venture capital and growth arm of Koch Industries Inc., with the participation of DB Schenker, Prologis Ventures and Rite-Hite.
The cycle also includes the participation of several existing backers of Gideon Brothers: Taavet Hinrikus (co-founder of TransferWise), Pentland Ventures, Peaksjah, HCVC (Hardware Club), Ivan Topčić, Nenad Bakić and Luca Ascani.
The investment will be used to accelerate the development and commercialization of “autonomous mobile robots” or “AMRs” based on GB’s AI and 3D vision. These perform simple tasks such as transporting, picking up, and dropping off products in order to free up humans to perform more valuable tasks.
The company will also expand its operations in the EU and the US, opening offices in Munich, Germany and Boston, Massachusetts, respectively.
Gideon Brothers manufactures robots and the associated software platform that specializes in horizontal and vertical material handling processes for logistics, warehousing, manufacturing and retail companies. For obvious reasons, the need to robotize supply chains has exploded during the pandemic.
Matija Kopić, CEO of Gideon Brothers, said: “The pandemic has dramatically accelerated the adoption of intelligent automation, and we are ready to meet unprecedented market demand. The best way to achieve this is to combine our exclusive solutions with the largest and most demanding customers. Our strategic partners have real challenges that our robots are already solving and, with us, they are now seizing the incredible opportunity to bring robotic change to some of the most innovative organizations in the world.
He added: “Partnering with these forward-thinking industry leaders will help us expand our global footprint, but we will always stay true to our Croatian roots. It is our superpower. The Croatian start-up scene is growing exponentially and we want to open up new opportunities for our country to become a powerhouse of robotics and AI. “
Annant Patel, Director of Koch Disruptive Technologies, said, “With more than 300 Koch operations and production units around the world, KDT recognizes the unique capabilities and potential of Gideon Brothers technology to dramatically transform the way businesses can. approach warehouse and manufacturing processes using cutting-edge AI. and AMR 3D technology.
Xavier Garijo, Board Member of Contract Logistics, DB Schenker added: “Our partnership with Gideon Brothers ensures our access to the best intelligent robotics and handling solutions to serve our customers in the most efficient way.
GB’s competitors include Seegrid, Teradyne (MiR), Vecna Robotics, Fetch Robotics, AutoGuide Mobile Robots, Geek + and Otto Motors.