Singapore-based Sesto Robotics targets international expansion with $5.7M raise

Singapore-based Sesto Robotics targets international expansion with _5.7M raise-01

Singapore-based industrial robotics firm Sesto this week announced a $5.7 million raise, featuring TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing). The round follows a similarly sized $4 million Series A, back in 2018.

Sesto expanded operations to Europe — specifically Austria, Germany and Switzerland. That no doubt explains investment interest this round from EU-based firms. Citing research from GMD, CEO Chor-Chen Ang notes of the round, “We are excited to tap into the growth of Autonomous Mobile Robots in Europe which is projected to expand at a CAGR of 11.8% over the next 4 years from US $4.40B currently.” Funding will go toward expanding these sorts of international partnerships, market, as well as building out the company’s product offerings and the versatility of its existing robots.

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