Sesto Robotics, based in Singapore, has raised $5.7 million to expand internationally
- ByStartupStory | January 16, 2022
TRIVE, WTI GmbH, and SEEDS Capital (Enterprise Singapore’s venture capital arm) are among the investors in Sesto, a Singapore-based industrial robotics startup. The funding comes after a $4 million Series A financing in 2018.
Sesto, like many others in the industrial robotics area, has had a busy few years since that round, as more organisations have turned to automation as a result of the pandemic. HealthGUARD, a disinfection robot that was ahead of the curve of UV-C systems we’ve seen in recent years, was released in May 2020.
Sesto expanded its operations to Europe in May, focusing on Austria, Germany, and Switzerland. This explains why EU-based companies are interested in investing in this round. “We are excited to tap into the growth of Autonomous Mobile Robots in Europe,” CEO Chor-Chen Ang says of the round, citing GMD research. “We are excited to tap into the growth of Autonomous Mobile Robots in Europe, which is projected to grow at a CAGR of 11.8 percent over the next four years from US $4.40B currently.”
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