Photoneo Brightpick Raises Funds

Photoneo Brightpick Group, the parent company of Photoneo, a leading provider of robotic vision sensors and intelligence software, and Brightpick, a leading provider of warehouse automation solutions for ecommerce and grocery order fulfilment, has announced it has raised an additional $19 million to complete a $40 million Series B. Taiwania Capital led this most recent round, which also included follow-on investments by prior Series B lead investors IPM Group and Alpha Intelligence Capital. Additional investors in this round include H&D Asset Management, Venture to Future Fund and Kolowrat Group. This round brings the company’s total capital raised since inception to $53 million.

Photoneo Brightpick Group has more than 300 employees and is used in over 5000 technology installations across the US, Europe and Asia. Its customers include leading companies such as General Motors, Volkswagen and KUKA. Currently, the US accounts for approximately 25% of Photoneo Brightpick Group’s revenue. The new funding will be used primarily to fund new installations of Brightpick’s warehouse automation solution in the US.

Brightpick has been actively rolling out its warehouse automation solution in Europe, including with Rohlik Group, one of Europe’s largest online grocers, with over 10 million orders per year and one million customers. Rohlik recently implemented the Brightpick solution to automate order fulfilment and dispatch in its Prague fulfilment centre.

The Brightpick solution takes a month to deploy, enables warehouses to reduce their picking labor by 95%, and cuts costs for order fulfilment by half. It is. The company is expected to announce a next-generation automated order picking solution powered by proprietary machine vision and AI technology in Q1 of 2023.

“We are seeing extremely strong interest from existing and new customers for Brightpick’s solution because it helps customers cut operating costs and eliminate labour challenges, two relevant concerns in today’s tough economic environment,” said Jan Zizka, CEO and co-founder of Photoneo Brightpick Group. “These new funds will help us accelerate the pace of deployment of our solution and scale our US presence.”

“Photoneo Brightpick Group has strong leadership, talented engineers and world-class technology that will fundamentally change how online retailers and grocers do order fulfilment in the future,” said Mitch Yang, managing partner at Taiwania Capital. “We look forward to working closely with them in this high-growth phase. In addition, we believe our connections to Taiwan’s ICT (Information and Communications Technology) sectors could add great value to this partnership.”

Photoneo is a leading provider of robotic vision sensors and intelligence software. Based on a patented 3D technology, Photoneo developed the world’s highest-resolution and highest-accuracy 3D camera, thus unlocking the full potential of powerful, reliable and fast machine learning. Photoneo is part of Photoneo Brightpick Group, headquartered near Cincinnati, OH, which has more than 300 employees and whose technology is used in over 5000 installations across the US, Europe and Asia. Its customers include leading companies such as General Motors, Volkswagen and KUKA.

Brightpick offers the world’s most efficient warehouse automation solutions for ecommerce and grocery order fulfillment. The company’s end-to-end robotic solution autonomously picks, consolidates and dispatches orders in large, small and micro fulfillment centers. The Brightpick solution takes less than a month to deploy, enables warehouses to reduce their picking labor by 95%, and cuts costs for order fulfillment by half. Brightpick is part of Photoneo Brightpick Group, headquartered near Cincinnati, OH, which has more than 300 employees and 5000 technology installations across the US, Europe and Asia. Its customers include leading companies such as General Motors, Volkswagen and KUKA.

Photoneo Brightpick Raises Funds

Photoneo Brightpick Group, the parent company of Photoneo, a leading provider of robotic vision sensors and intelligence software, and Brightpick, a leading provider of warehouse automation solutions for ecommerce and grocery order fulfilment, has announced it has raised an additional $19 million to complete a $40 million Series B. Taiwania Capital led this most recent round, which also included follow-on investments by prior Series B lead investors IPM Group and Alpha Intelligence Capital. Additional investors in this round include H&D Asset Management, Venture to Future Fund and Kolowrat Group. This round brings the company’s total capital raised since inception to $53 million.

Photoneo Brightpick Group has more than 300 employees and is used in over 5000 technology installations across the US, Europe and Asia. Its customers include leading companies such as General Motors, Volkswagen and KUKA. Currently, the US accounts for approximately 25% of Photoneo Brightpick Group’s revenue. The new funding will be used primarily to fund new installations of Brightpick’s warehouse automation solution in the US.

Brightpick has been actively rolling out its warehouse automation solution in Europe, including with Rohlik Group, one of Europe’s largest online grocers, with over 10 million orders per year and one million customers. Rohlik recently implemented the Brightpick solution to automate order fulfilment and dispatch in its Prague fulfilment centre.

The Brightpick solution takes a month to deploy, enables warehouses to reduce their picking labor by 95%, and cuts costs for order fulfilment by half. It is. The company is expected to announce a next-generation automated order picking solution powered by proprietary machine vision and AI technology in Q1 of 2023.

“We are seeing extremely strong interest from existing and new customers for Brightpick’s solution because it helps customers cut operating costs and eliminate labour challenges, two relevant concerns in today’s tough economic environment,” said Jan Zizka, CEO and co-founder of Photoneo Brightpick Group. “These new funds will help us accelerate the pace of deployment of our solution and scale our US presence.”

“Photoneo Brightpick Group has strong leadership, talented engineers and world-class technology that will fundamentally change how online retailers and grocers do order fulfilment in the future,” said Mitch Yang, managing partner at Taiwania Capital. “We look forward to working closely with them in this high-growth phase. In addition, we believe our connections to Taiwan’s ICT (Information and Communications Technology) sectors could add great value to this partnership.”

Photoneo is a leading provider of robotic vision sensors and intelligence software. Based on a patented 3D technology, Photoneo developed the world’s highest-resolution and highest-accuracy 3D camera, thus unlocking the full potential of powerful, reliable and fast machine learning. Photoneo is part of Photoneo Brightpick Group, headquartered near Cincinnati, OH, which has more than 300 employees and whose technology is used in over 5000 installations across the US, Europe and Asia. Its customers include leading companies such as General Motors, Volkswagen and KUKA.

Brightpick offers the world’s most efficient warehouse automation solutions for ecommerce and grocery order fulfillment. The company’s end-to-end robotic solution autonomously picks, consolidates and dispatches orders in large, small and micro fulfillment centers. The Brightpick solution takes less than a month to deploy, enables warehouses to reduce their picking labor by 95%, and cuts costs for order fulfillment by half. Brightpick is part of Photoneo Brightpick Group, headquartered near Cincinnati, OH, which has more than 300 employees and 5000 technology installations across the US, Europe and Asia. Its customers include leading companies such as General Motors, Volkswagen and KUKA.

RFID Streamlines Store Inventory Management

Manhattan Associates has unveiled its vision for an RFID-powered store. Manhattan Active® Omni suite has expanded its support of RFID tags for automating and streamlining the inventory counting, receiving, picking, checkout, return and exchange processes. With this new solution, retailers can make more accurate promises, increase conversion rates and maximise inventory exposure for selling.

Retailers are increasingly depending on their stores to fulfil both in-store and online orders. However, their ability to do so is often hindered by poor store inventory accuracy, which often falls below 70%. In fact, a recent Manhattan survey found that only 2% of UK retailers believed they had an accurate view of inventory in stores and across their distribution network.

Manhattan has solved this challenge by enabling its point-of-sale and store fulfilment solutions with handheld RFID support for all inventory management and order fulfilment activities. By combining RFID technology with Manhattan Active Omni, retailers can increase store inventory accuracy from 70% to nearly 100%. Manhattan’s solution also reduces inventory-related labour hours, helps associates quickly locate merchandise and expedites transactions at the point of sale.

Manhattan Active Omni’s RFID capabilities streamline and automate inventory counting and receiving processes. Store-wide inventory counts can be performed quickly and accurately by store associates armed with the latest handheld devices, such as Zebra’s RFD series. Associates can also use the mobile RFID scanners to greatly reduce the time required to perform unit level receiving of new inventory items.

In active store environments, it is common for merchandise to be moved by customers or even misplaced by store staff. Manhattan’s new ‘find’ mode works just like a metal detector, using handheld RFID devices to direct store associates to the precise location of tagged items, reducing inventory shortages and time spent hunting for missing items.

Manhattan’s new RFID capabilities can also be used to speed up sales transactions and returns. Readers placed at the point-of-sale capture tag information as soon as merchandise is placed on the counter, immediately populating the customer’s shopping cart.

“Manhattan Active Omni delivers a unified approach to selling, engaging and fulfilling in a single store application. By integrating RFID into its store solutions, Manhattan is able to reduce the time and effort required to implement RFID, while ensuring store associates can continue to leverage the most advanced store solution in the market,” said Amy Tennent, senior director of Product Management for Manhattan.

“Agile omnichannel inventory management and fulfilment is critical to modern store operation,” said Bill Toney, vice president Global RFID Market Development at Avery Dennison. “We believe the combination of Manhattan’s store solutions and Avery Dennison’s innovative RFID and digital identification solutions will enable retailers to transform inventory management and streamline store operations while delivering a first-class consumer experience.”

About Manhattan Associates

Manhattan Associates is a technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.

Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfilment centre, you are ready to reap the rewards of the omnichannel marketplace.

RFID Streamlines Store Inventory Management

Manhattan Associates has unveiled its vision for an RFID-powered store. Manhattan Active® Omni suite has expanded its support of RFID tags for automating and streamlining the inventory counting, receiving, picking, checkout, return and exchange processes. With this new solution, retailers can make more accurate promises, increase conversion rates and maximise inventory exposure for selling.

Retailers are increasingly depending on their stores to fulfil both in-store and online orders. However, their ability to do so is often hindered by poor store inventory accuracy, which often falls below 70%. In fact, a recent Manhattan survey found that only 2% of UK retailers believed they had an accurate view of inventory in stores and across their distribution network.

Manhattan has solved this challenge by enabling its point-of-sale and store fulfilment solutions with handheld RFID support for all inventory management and order fulfilment activities. By combining RFID technology with Manhattan Active Omni, retailers can increase store inventory accuracy from 70% to nearly 100%. Manhattan’s solution also reduces inventory-related labour hours, helps associates quickly locate merchandise and expedites transactions at the point of sale.

Manhattan Active Omni’s RFID capabilities streamline and automate inventory counting and receiving processes. Store-wide inventory counts can be performed quickly and accurately by store associates armed with the latest handheld devices, such as Zebra’s RFD series. Associates can also use the mobile RFID scanners to greatly reduce the time required to perform unit level receiving of new inventory items.

In active store environments, it is common for merchandise to be moved by customers or even misplaced by store staff. Manhattan’s new ‘find’ mode works just like a metal detector, using handheld RFID devices to direct store associates to the precise location of tagged items, reducing inventory shortages and time spent hunting for missing items.

Manhattan’s new RFID capabilities can also be used to speed up sales transactions and returns. Readers placed at the point-of-sale capture tag information as soon as merchandise is placed on the counter, immediately populating the customer’s shopping cart.

“Manhattan Active Omni delivers a unified approach to selling, engaging and fulfilling in a single store application. By integrating RFID into its store solutions, Manhattan is able to reduce the time and effort required to implement RFID, while ensuring store associates can continue to leverage the most advanced store solution in the market,” said Amy Tennent, senior director of Product Management for Manhattan.

“Agile omnichannel inventory management and fulfilment is critical to modern store operation,” said Bill Toney, vice president Global RFID Market Development at Avery Dennison. “We believe the combination of Manhattan’s store solutions and Avery Dennison’s innovative RFID and digital identification solutions will enable retailers to transform inventory management and streamline store operations while delivering a first-class consumer experience.”

About Manhattan Associates

Manhattan Associates is a technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.

Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfilment centre, you are ready to reap the rewards of the omnichannel marketplace.

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