Business

Amazon Industrial Innovation Fund invests in One Way Ventures-backed robotics startup Instock

Amazon Industrial Innovation Fund announced this week that it’s invested in Instock Inc, a customer fulfillment robotics company.

The $3.2M round of funding was led by Amazon, with participation from OneWay Ventures, Lux Capital, Commerce VC, u.ventures, Cybernetix Ventures and others.

The new funding will enable the robotics startup to further democratize the automation of storage and retrieval systems (ASRS) using gravity-defying robots. Instock’s robotics-as-a-service (RaaS) model offers a more cost-effective and streamlined way to enhance operations with high-performance automation.

Its modular racking can be built in various shapes, being flexible to the height of a building, with its autonomous mobile robots being able to drive to collect bins and present them to operators picking and packing orders.

Semyon Dukach (Photo credit: LinkedIn)

Said Semyon Dukach, Founding Partner of One Way Ventures, “The technology that Instock has built can have a material impact on the future of eCommerce fulfillment. We are excited by the unprecedented speed and efficiency Instock can bring to fulfillment operations across the country.”

Added Franziska Bossart, the Head of the Amazon Industrial Innovation Fund, “There is a growing need for highly automated, space-efficient buildings in logistics.”

“Instock’s ASRS capabilities have the potential to improve the number of shipments per day and storage density in space constrained environments – all of which can enable faster delivery to customers and lower costs,” said the investor.

In January of next year the company expects to launch its first production system in North America. Instock was founded in 2020 and offers a gravity-defying e-commerce fulfillment.

The company is led by Yegor Anchyshkin.

This article includes a client of an Espacio portfolio company

Sociable Team

Recent Posts

The science of what we eat: The NYU math grad bringing sustainable olive oil to your kitchen (Brains Byte Back Podcast)

When it comes to what we eat, more of us are asking the right questions:…

9 hours ago

Aestro AI launches in the US and Latin America to transform the debt recovery process with Agentic AI 

In 2025, Agentic AI is widely seen as the next frontier of progress for AI…

14 hours ago

‘Community is antidote to capitalism’: Club of Rome to young people

The Communist Cult of Rome is brainwashing youth into its Marxist ideology with WEF great…

14 hours ago

The UK’s push to be a relevant global hub for space technology

Despite lagging behind global space powers like the United States, Russia and China, the United…

6 days ago

US spy community is creating a portal to buy, access your personal data

The Intelligence Community is setting up a one-stop shop, icdata.gov, to buy access to your…

1 week ago

The gaming startup market in Mexico: Opportunities and challenges

The vibrant world of tech startups has found a space carved out for growth and…

1 week ago