{"id":64769,"date":"2020-10-02T12:48:00","date_gmt":"2020-10-02T10:48:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=64769"},"modified":"2020-10-01T13:33:45","modified_gmt":"2020-10-01T11:33:45","slug":"21-million-euros-in-series-b-for-magazino","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/64769\/21-million-euros-in-series-b-for-magazino\/","title":{"rendered":"21 million euros in Series B for Magazino"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Magazino has been on the market since 2014 with a mobile picking robot that is capable of <a href=\"\/en\/day\/magazine-2\/\">to navigate intelligently in the warehouse and precisely pick the right boxes<\/a>The system is deployed in the warehouses of various online retailers and logistics service providers. The startup has also developed the ACROS.AI (\u201cAdvanced Cooperative Robot Operating System, powered by AI\u201d) software platform for intelligent robots, a modular software toolkit for developing and operating intelligent and cooperative robots in complex and dynamic environments. The software is also deployed on third-party hardware.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategic partnership with Jungheinrich<\/h2>\n\n\n\n<p>In addition to participating in the financing round, Jungheinrich also agreed to a broad strategic partnership with Magazino. The Hamburg-based company launched its first driverless transport system back in 1962. Since then, the group has developed into one of the leading providers of automated industrial trucks. A close collaboration will now combine Magazino&#039;s specialist robotics expertise with the Hamburg-based company&#039;s intralogistics know-how.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Magazino is a highly innovative young company with outstanding expertise in navigation and control software for mobile automation. This investment follows our strategy in the field of automation and will make a significant contribution to the accelerated expansion of our automated vehicle business,&quot;<\/p><\/blockquote>\n\n\n\n<p>says <strong>Lars Brzoska<\/strong>, CEO of <a href=\"https:\/\/www.jungheinrich.de\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jungheinrich<\/a>.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Jungheinrich&#039;s investment in Magazino demonstrates the strong market demand for our ACROS.AI robotics software and our robots. This will enable Magazino to play a central role as a software player in the rapidly growing mobile robotics market,&quot;<\/p><\/blockquote>\n\n\n\n<p>explained <strong>Frederik Brantner<\/strong>, CEO and co-founder of Magazino.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Money from the European Investment Bank for Magazino<\/h2>\n\n\n\n<p>In addition to Jungheinrich and existing investors such as partner companies and customers such as Zalando, Fiege, and K\u00f6rber, the European Investment Bank (EIB) is also participating in the financing. It is providing Magazino with financing of up to 12 million euros, which is also part of the Series B. The EU bank&#039;s loan is secured by a guarantee from the European Fund for Strategic Investments (EFSI). The EFSI is the centerpiece of the Investment Plan for Europe, under which the <a href=\"\/en\/day\/eib\/\">EIB<\/a> and the European Commission work together as strategic partners to channel private capital into projects that strengthen the sustainability and competitiveness of the European economy.<\/p>\n\n\n\n<p>The capital raised will be used to expand international sales activities, particularly in France and the UK. The money will also be used to further develop ACROS.AI.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Robotics startup Magazino has closed a \u20ac21 million Series B financing round. Hamburg-based logistics expert Jungheinrich and the European Investment Bank (EIB) are leading the round, with existing investors also participating.<\/p>","protected":false},"author":33,"featured_media":64770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[3079,2969,393,377,115],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>21 Millionen Euro in Series-B f\u00fcr Magazino - Munich Startup<\/title>\n<meta name=\"description\" content=\"Jungheinrich, Europ\u00e4ische Investitionsbank und weitere Investoren stecken 21 Millionen Euro in das Robotik-Startup Magazino.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/64769\/21-million-euros-in-series-b-for-magazino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"21 Millionen Euro in Series-B f\u00fcr Magazino - 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