Female-led AI robotics startup nets £2m

Quick Summary:

London-based PHINXT Robotics, an AI-led robotics software company, has secured a £2m investment.

PHINXT has received significant traction in the market and secured several contracts, particularly with a major UK grocery retailer, following a successful pilot programme, which is expected to scale into a multi-year contract.

The startup’s long-term vision is to extend beyond warehouse robotics automation to encompass delivery drones and autonomous vehicles.

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Article Details

Author / Journalist: Chris Maguire

Category: InvestingBusiness

Markets: United KingdomCuba

Topics: Manufacturing Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 12:05:32 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 658 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 21959839

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Main Topics: InvestingBusiness

Official Website: businesscloud.co.uk

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Year Established: 2016

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News Last Updated: 1 days ago

Coverage Areas: United Kingdom

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