Brightpick, a leading Slovak-founded warehouse automation solution provider, has secured an additional $12 million through a mix of equity and debt financing, with participation from EBRD Venture Capital, as well as existing investors Pavel Baudiš, Eduard Kučera, Miroslav Trnka, Maximilian Kolowrat-Krakowsky, and Juraj Duriš. The company shared the details with AIN.

About Brightpick 

  • Brightpick was founded in 2021 as a spin-off of Photoneo, a leader in 3D robotic vision sensors and intelligence software. 

  • The company, which has over 200 employees and 300 AI robots deployed across the US and Europe, has a customer base including Rohlik Group, Dr. Max, and The Feed. 

  • The company's flagship robot, Brightpick Autopicker, is the only mobile robot that robotically picks and consolidates orders in warehouse aisles, similar to a human with a cart.

“Since launching Brightpick Autopicker early last year, we've experienced tremendous interest from new customers. Our focus has always been on scaling in the US, where we’re now seeing the most traction. These funds will primarily support additional customer installations in that market," said Jan Zizka, CEO and co-founder of Brightpick. 

 Investment details

  • EBRD Venture Capital is the lead investor in the $12 million round. Brightpick's existing investors also joined the investment, including Avast founders Pavel Baudiš and Eduard Kučera, as well as Miroslav Trnka, Maximilian Kolowrat-Krakowsky, and Juraj Duriš.

“Brightpick’s ability to deliver unmatched efficiency and cost savings to customers positions them as a leader in the market, and we are confident that their rapid growth in the US will further strengthen their leading position,” said Bruno Lusic of EBRD Venture Capital. 

The additional funding is expected to generate 50% of Brightpick's revenue in 2024. It will also bring total amount funding raised by Brightpick to $47 million and accelerate the deployment of Brightpick’s AI robots in the United States.