Gideon Brothers Raises $31 Million Series A Investment

Gideon Brothers, a robotics and AI solutions company, has raised a $31 million Series A investment to accelerate the development and commercialization of its AI & 3D vision-based autonomous mobile robots (AMRs). The company will also expand its Manufacturing, Sales, Marketing, and Customer Success operations across key markets of the European Union and United States by opening offices in Munich, Germany and Boston, Massachusetts, respectively.

The Series A round was led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries, with participation from DB Schenker, Prologis Ventures, and Rite-Hite. The round also includes participation from several of Gideon Brothers’ existing shareholders, who are among the first backers of the Company: Taavet Hinrikus (co-founder of TransferWise), Pentland Ventures, Peaksjah, HCVC (Hardware Club), Ivan Topčić, Nenad Bakić, and Luca Ascani.

The company will expand its Board of Directors with two seasoned industry leaders: Annant Patel, Director, KDT, and Xavier Garijo, Member of the Board of Management for Contract Logistics, DB Schenker. Gideon Brothers specializes in the flexible automation of horizontal and vertical material handling processes for logistics, warehousing, manufacturing, and retail businesses. With its advanced mobile robots and complete software solutions for autonomous indoor and outdoor operations, the company helps businesses solve their most complex supply chain challenges: rising customer expectations, increased product variability and logistics volumes, growing variety of distribution channels, and ultimately, labor shortage.

“The pandemic has greatly accelerated the adoption of smart automation, and we are ready to meet the unprecedented market demand. The best way to do it is by marrying our proprietary solutions with the largest, most demanding customers out there. Our strategic partners have real challenges that our robots are already solving, and, with us, they’re seizing the incredible opportunity right now to effect robotic-powered change to some of the world’s most innovative organisations,” said Matija Kopić, CEO and co-founder of Gideon Brothers.

“Partnering with these forward-thinking industry leaders will help us expand our global footprint, but we will always stay true to our Croatian roots. That is our superpower. The Croatian start-up scene is growing exponentially, already boasting two unicorns, and we want to unlock further opportunities for our country to become a robotics & AI powerhouse,” added Kopić.

AMRs make processes and workflows more efficient and productive. This is typically achieved by performing non-value added tasks, such as transporting, picking up, and dropping off products, in order to free up colleagues to perform other tasks that add value to the operation. With Gideon Brothers’ advanced technology, a true collaboration between robots and people is now finally possible unlocking the hidden potential of the world’s material handling operations.

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