- 21 August 2019
- Transport / Logistics Services
In a Series A funding round announcement, Starship Technologies has announced it has completed 100,000 deliveries worldwide with its delivery robots and now plans to expand rapidly.
Starship plans to expand its delivery network to 100 university campuses in the next two years. Purdue University in Indiana is to be the first, with services commencing on 9 September.
The company has raised $40 million in the latest round, taking its the total investment raised to $85 million. This latest round is to rapidly expand its client base. The round was led by Morpheus Ventures with participation from prior investors including Shasta Ventures , Matrix Partners , MetaPlanet Holdings and others, as well as new investors including TDK Ventures, Qu Ventures and others.
“We’ve evaluated the autonomous tech market segment around the world, and Starship is miles ahead of others in bringing advanced technology valued by real paying customers,” said Nicolas Sauvage, Managing Director of TDK Ventures. “Starship’s machine learning, computer vision, and sensor fusion is the most advanced we’ve seen in autonomous robotic delivery. We look forward to contributing to the success of Starship in this important and emerging space.”
“This new investment will see Starship expand onto more campuses as we head towards a goal of offering our service to over one million students,” said Lex Bayer, CEO of Starship Technologies. “An entire generation of university students are growing up in a world where they expect to receive a delivery from a robot after a few taps on their smartphone. The reception to our service both on campuses and in neighbourhoods has been phenomenal. Our customers appreciate how we make their lives easier and give them back the gift of time.”