Photoneo Brightpick Group raises additional $19 million to complete $40 million Series B

By Matt Williams -

Photoneo Brightpick Group has raised an additional $19 million to complete a $40 million Series B.

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 fulfillment, today 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 labour by 95%, and cuts costs for order fulfilment by half. 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 fulfillment 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.”

Also, stay up to date with the most recent machine vision and image processing news right here on MVPro Media. 

Most Read

An Interview with MidOpt’s Georgy Das

byAnnie Gomes

March 23, 2023

MVPro Media’s Matt Williams spoke to Georgy Das from MidOpt (Midwest Optical Systems). Das explained...

Zebra Presents Warehouse Solutions at IntraLogisteX

byMatt Williams

March 22, 2023

Zebra will present warehouse solutions built on Industry 5.0 human-centred automation at IntraLogisteX. Warehouse operators...

Chromasens Launches Camera Configurator Tool

byMatt Williams

March 24, 2023

To support its customers in the critical task of selecting the optimal line scan camera...

Seco Tools 3D Manufacturing Creates New Opportunities

byMatt Williams

March 24, 2023

Additive manufacturing, or 3D printing, allows Seco Tools to create products that would otherwise be...

Lean AI: Why Unused Machine Vision Hardware Doesn’t Have to Go to Waste

byMatt Williams

March 23, 2023

In many plants you will find cameras, lighting and other hardware that was once part...

FLIR: Using Thermal Cameras in Food Industry

byMatt Williams

March 27, 2023

In the food industry, it’s essential to carefully control the temperature of perishable goods throughout...

Mech-Mind Launches Mech-Eye DEEP 3D Camera

byMatt Williams

March 27, 2023

The new Mech-Eye DEEP 3D camera is the perfect solution for logistics applications. Combining fast...