Addverb Technologies to raise $80-120 million from institutional investors

Noida-based robotics startup Addverb Technologies is in advanced talks with prominent institutional investors to raise $80-120 million in a fresh round of funding.

The company that builds robotics and automation solutions for factories and warehouses counts Amazon, Flipkart, ITC and Coca-Cola among its clients.

Addverb Technologies leverages artificial intelligence, machine learning, automated storage and retrieval system (ASRS), shuttles, IoT along with their in-house software solutions to improve performance and accuracy of warehouse and factory operations.

The company has offices in Australia, Singapore and Netherlands and plans to set up an innovation lab and invest in research and development wings.