Fundz

Pickommerce raised $3.4M in a Series A funding round led by IL Ventures to advance its innovative PickoBot piece-picking technology.

PRIVATESep 17, 2024

Amount Raised

$3.4 Million

Round Type

Series A

Petah TikvaManufacturingAgriculture and FarmingArtificial IntelligenceMachine LearningSupply Chain Management

Investors

Zim VenturesIsrael Innovation AuthorityFusion VCIn NegevIL Ventures

Description

Pickommerce has secured $3.4 million to develop and market its PickoBot robot, aimed at enhancing warehouse automation. The funding will support production and is expected to significantly improve efficiency in logistics operations.

Quick answer

Pickommerce raised $3.4 Million in a Series A round, dated September 17, 2024. Investors: Zim Ventures, Israel Innovation Authority, Fusion VC, In Negev and IL Ventures. Pickommerce is based in Petah Tikva, Center District, Israel.

How much did Pickommerce raise?
Pickommerce raised $3.4 Million in a Series A round on September 17, 2024.
Who invested in Pickommerce?
Zim Ventures, Israel Innovation Authority, Fusion VC, In Negev and IL Ventures are named as investors in this round.
What does Pickommerce do?
Pickommerce is a warehouse automation innovator specializing in robotic piece-picking technology.
Where is Pickommerce based and how big is it?
Pickommerce is based in Petah Tikva, Center District, Israel.
Who are the decision-makers at Pickommerce?
Fundz holds 1 contact at Pickommerce. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Supply Chain Management around the same time

Companies in the same sectors as Pickommerce that raised within 45 days of this round, from Fundz verified event records.

  • Bendi Software raised $1M (Pre-Seed) on October 30, 2024.
  • Freeform raised $14M (Funding Round) on October 23, 2024.
  • BackOps.ai raised $2M (Pre-Seed) on October 16, 2024.
  • Elixia Robotics raised $1M (Pre-Series A) on October 14, 2024.
  • Social Hardware raised $381K (Seed) on October 10, 2024.
  • IG Drones raised $1M (Seed) on October 1, 2024.

Who to call at Pickommerce, and when

A new round usually means Pickommerce is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Pickommerce

Location

Petah Tikva, Center District, Israel

About

Pickommerce is a warehouse automation innovator specializing in robotic piece-picking technology. Their flagship product, PickoBot, aims to automate the 'Pick and Pack' step in logistics, significantly enhancing efficiency while reducing labor needs. The company's advanced solutions are designed to meet the demands of various industries including e-commerce, retail, and agriculture. With a focus on innovation, Pickommerce leverages machine learning and AI to improve operational workflows in modern warehouses.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Pickommerce raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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