An intelligent warehouse automation startup located in Singapore, XSQUARE Technologies, has secured S$10.5 million in Series A investment.
Investors
- Wavemaker Partners
- Goldbell Corporation
- SEEDS Capital
Use of funds
The business plans to use the money into quickening its efforts to create new products and expand regionally.
About XSQUARE Technologies
XSQUARE Technologies, under the direction of CEO Jens Bohnwagner, provides warehouse automation systems across Asia Pacific and beyond. It offers a range of intelligent warehouse orchestrator software and autonomous forklifts that streamline warehouse operations without requiring significant modification. Customers come from a wide spectrum of sectors, including manufacturing and medicines like Coca-Cola, GSK, and Katoen Natie. In order to cooperate together on the creation of a new range of Automated Guided Vehicles (AGVs) and the sale of XSQUARE’s current products via Mitsubishi Logisnext’s (ML) extensive worldwide distribution network, the firm recently teamed with ML.
