Stuttgart-based Sereact, a provider of AI-powered robotics solutions for autonomous warehouses, announced that it has secured $5M in a Seed round of funding.
Sereact says it will use the funds to expand its workforce and support the development and international roll-out of PickGPT.
PickGPT is a potential innovation in the field of robotics aimed at enabling robots to comprehend natural language and understand their surroundings with exceptional intelligence and accuracy.
Founded in 2021, Sereact is developing AI-driven software that achieves complete automation of the pick-and-pack procedure in warehouses and manufacturing environments.
This process, responsible for around 55 percent of warehouse operational expenses, has become a pivotal area of focus due to the combined challenges of increasing labor expenses and demand fueled by the e-commerce sector.
According to Sereact, traditional automation systems have been inflexible, requiring lengthy training and extensive human oversight.
Sereact’s solution, deployable in a day, promises up to 77 percent cost savings per pick and is adaptable to changing product ranges.
The company’s new product, PickGPT, merges Sereact’s proprietary work in computer vision with large language models, similar to the technology that powers ChatGPT.
The company claims to have achieved significant technological feats, including “industry-leading” picking speeds of 1500 picks per hour, collision-free picking utilizing any gripper, and complete independent object manipulation.
Currently, Sereact is a trusted partner for various sectors including e-commerce, manufacturing, and third-party logistics.
They cater to industry leaders like ZenFulfillment, Daimler Truck, Material Bank, and Schmalz.
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