Japanese warehouse robotics maker LexxPlus is looking to expand into the U.S. market after closing a $10.7M (1.45B yen) Series A round.
Additionally, it intends to use the proceeds to further develop its product by increasing its payload to 500kg and incorporating digital twins in operations.
- Co-founder and CEO Masaya Aso said the lack of automation in "over 85% of warehouses" and their dependence on manual tasks was the impetus behind the starting LexxPlus two years ago.
- LexxPlus received a valuation of $38.8M (5.26B yen) at the recent funding round, which was led by Drone Fund.
- SOSV's HAX, Incubate Fund, SBI Investment, and DBJ Capital participated in the funding round.
- LexxPlus will leverage the network of existing clients to foray into the U.S. market.
- The firm's offerings are primarily aimed at logistics and automotive industry clients.
