What's Happening?
NEOintralogistics, a German company specializing in robotics-as-a-service (RaaS) for warehouse automation, has successfully raised €3 million in a seed funding round. The funding was led by the Amadeus APEX Technology Fund, with significant participation from Cetus Holding. The company aims to make warehouse automation more accessible by eliminating the high upfront costs traditionally associated with such technology. NEOintralogistics offers a pay-per-pick model, allowing businesses to automate their operations without the need for costly infrastructure or redesigns. This model is designed to transform automation from a capital expenditure into a flexible, performance-based service. The company's robotic picking system can be integrated into existing
warehouse setups, enabling rapid deployment and significant efficiency gains.
Why It's Important?
The development is significant as it addresses a major barrier to automation in the logistics industry: cost. Currently, 80% of global warehouses operate manually due to the prohibitive costs of traditional automation solutions. By offering a RaaS model, NEOintralogistics is poised to democratize access to automation, potentially reducing operational costs by up to 65% and manual labor by up to 70%. This could lead to widespread adoption of automation technologies, particularly among smaller businesses that previously could not afford such investments. The company's approach could redefine the economics of intralogistics, making it a pivotal player in the global warehouse automation market.
What's Next?
With the new funding, NEOintralogistics plans to scale its commercial operations and enhance its product offerings. The company intends to expand its research and development capabilities and grow its team, focusing on engineering and operations. As demand for warehouse automation continues to rise globally, NEOintralogistics is well-positioned to capitalize on this trend and potentially become a leading provider in the RaaS sector. The company is already collaborating with industry partners like Magazino, GLS, and BITO, which could further accelerate its market penetration and adoption.
