inVia Robotics has secured a $30 million Series C funding round from M12, Microsoft’s venture fund, and Qualcomm Ventures.
The two firms are also joined by Hitachi Ventures and inVia Robotics’ existing investors (Point 72, Upfront, and Embark). To date, inVia has raised $59 million from strategic funders committed to the company’s growth.
Leveraging early funding rounds that supported the development and innovation of superior technology, inVia’s latest investment will be used primarily to extend their proven product’s reach and operational support in North America. The funding will also be used to drive market expansion to APAC and EMEA as well as align inVia with strategic supply chain partners to open new channels and deliver end-to-end logistics solutions.
Most notably, inVia anticipates using the Qualcomm Robotics RB5 Platform––the world’s first 5G and AI-enabled robotics platform facilitating accelerated development of innovative, power-efficient, high computing robots and drones.
inVia has become an industry leader with its robotics-as-a-service (RaaS) model, which has a distinct approach to fulfillment and inventory management. Through RaaS, the company offers an easy entry point for companies of any size to commence a scalable path to autonomous mobile robot fleets that meet their business needs. Furthermore, inVia makes automation adoption manageable via a subscription-based payment system where businesses pay according to the productivity levels they desire, versus needing to lease and maintain equipment.
With the addition of Hitachi as an investor, they bring extensive experience in industrial automation across other verticals as inVia scales. The Hitachi brand is synonymous with leading-edge technology that connects and amplifies the advances in AI-powered software and automation hardware.
Lior Elazary, CEO and Co-Founder of inVia
We are proud and honored to have earned the confidence from these industry-leading investors who are equally as committed to the progression of automation within the supply chain as we are. We have intentionally aligned ourselves in the best interest of our customers and their businesses, finding ways to not only optimize productivity, but also further inVia Robotics’ global reach.
Quinn Li, Senior Vice President of Qualcomm Technologies, Inc. and Global Head of Qualcomm Ventures
inVia’s AI-powered warehouse automation solutions help improve warehouse throughput and workflow efficiency. We look forward to supporting inVia in accelerating warehouse digitization with AI and 5G through our investment.
