The company secured investments in a Seed round led by the Amazon Industrial Innovation Fund, OneWay Ventures, and Lux Capital.
The funds are planned to be directed towards the development and launch of its first advanced 3PL (third-party logistics) production system in North America in 2024.
Instock Inc specializes in the development of robots for warehouse logistics. It was founded by Yegor Anchishkin, the founder of Zakaz.ua, in 2020. In May of this year, the company raised $4 million in funding.
Instock’s robotics-as-a-service (RaaS) model breaks this mold by offering a significantly more cost-effective and streamlined way to enhance operations with high-performance automation.
“Our mission is to empower business operators with radically accessible goods-to-person automation,” said Rebecca Dyer, Chief of Operations. “We provide a tool for high-density storage and quick retrieval of goods that is affordable, easy to use and delivers value on Day 1.”
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According to Yegor Anchyshkin, CEO and Co-Founder of Instock, “Our innovative architecture delivers on the promise of a remarkable 10-fold reduction in fulfillment costs while simultaneously creating flexibility for eCommerce operators. Unlocking this potential and wrapping it in RaaS eliminates risks for 3PLs and retailers, enabling businesses of all sizes to transform their existing spaces starting as small as 1,500 square feet with cutting edge automation.”
