Pickommerce Raises $3.4M for Piece-Picking Product Development

PETAH TIKVA, Israel, Sept. 23, 2024 — Pickommerce, a warehouse automation company, has secured $3.4 million in funding to advance the development, production, and marketing of its PickoBot piece-picking robot. The funding round was led by IL Ventures, a fund focused on disruptive technologies for legacy industries.

PickoBot uses a computer vision system powered by machine learning to package objects of different sizes, weights and textures. It features multiple gripping methods in a single station, including vacuum, finger-based, and adhesive-based grippers, and uses an AI-driven decision-making algorithm for selecting optimal gripper and grasp configurations for each item.

The company sees the product as an alternative to manual packing in industrial and warehouse settings for applications such as apparel, retail, e-commerce, pharmaceutical, agricultural, and spare parts. The technology has already seen implementation in packing and shipment at a farm local to Pickommerce.

Excelitas Technologies Corp. - X-Cite Vitae MR 11/24

Published: September 2024

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
machine learning: Machine learning (ML) is a subset of artificial intelligence (AI) that focuses on the development of algorithms and statistical models that enable computers to improve their performance on a specific task through experience or training. Instead of being explicitly programmed to perform a task, a machine learning system learns from data and examples. The primary goal of machine learning is to develop models that can generalize patterns from data and make predictions or decisions without being...
computer vision: Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training...

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Businessfundingpick and placepiece-pickingautomationmachine visionroboticsagriculturepharmaceuticalsAImachine learningcomputer visionConsumerAsia-PacificPickommerce

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