Photoneo Set to Advance Sensor Business, Automation Solutions

Machine vision company Photoneo received an investment of $21 million from AI Capital, IPM Group, Earlybird, Venture to Future Fund, and Credo Ventures, as well as all investors who participated in previous investment rounds. The capital will accelerate the company’s 3D sensor business and enable expansion of its fully automated fulfillment solutions for warehouses and dark stores — called BRIGHTPICK. The BRIGHTPICK business unit will support huge throughput via smart autonomous mobile robots and AI-powered robotic picking. Its modular structure can be tailored for a range of usage from nano- to central fulfilment centers, according to the company.