UVIONIX, a California-based robotics and automation company developing AI-powered autonomous flying robots for real-time inventory monitoring, has secured $3.5 million in seed investment. The round was led by Bulgarian LAUNCHub Ventures, Hungarian PortfoLion, and includes participation from Romanian Underline Ventures, German Robin Capital, and prominent business angels.
Underline Ventures shared the announcement with AIN.
About UVIONIX
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UVIONIX is a California-based robotics and automation company founded by Bulgarian entrepreneurs Boris Iskrev and Stanislav Darmonski. The company is committed to revolutionizing transparency and data digitalization in warehousing and supply chain logistics through innovative real-time technology.
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Their flagship product, U-Vee, is a compact, autonomous flying robot that seamlessly navigates through warehouse spaces. These robots provide real-time inventory monitoring, creating live digital twins of warehouse environments.
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Leveraging AI and deep learning, U-Vee enables real-time, autonomous inventory monitoring with 99.9% accuracy. By creating live digital twins of warehouse spaces, U-Vee eliminates the need for manual stock checks, reducing errors, cutting costs, and streamlining logistics operations.
“Logistics and warehousing are adopting new technology at a fast pace, due to AI developments, workforce shortages, and the continuous need for optimization. The Uvionix team can address these challenges by leveraging its entrepreneurial, and technical experience, and building a best-in-class product for its category,” says Borgan Iordache, GP of Underline Ventures.
Investment details
The round was led by LAUNCHub Ventures, PortfoLion and includes participation from Underline Ventures, Robin Capital, and prominent business angels.
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LAUNCHub Ventures is a Bulgarian early-stage venture capital fund focused on investing in startups in South-Eastern and Central-Eastern Europe. The company investment focus includes AI/ML, SaaS, fintech, proptech, and robotics.
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PortfoLion is a Hungarian CEE-focused venture capital and growth equity firm managing €450 million of assets.
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Underline Ventures partners at the earliest stages with Eastern European founders building high-growth startups with global ambitions. The fund is backed by 30+ founders and early-stage operators.
With this investment, Uvionix will accelerate its product release and expand its market presence across the US and Europe. The company is focused on forging strategic partnerships with major logistics and retail players to scale deployments across multiple industries.
To support its rapid growth, UVIONIX is expanding its engineering and AI teams in Bulgaria and the US, aiming to attract top-tier talent in AI and automation.
