ForwardX Robotics captures $15M in Series B
Maker of AI-powered suitcase ramps up intelligent robotics warehousing solutions.
ForwardX Robotics, a Beijing-based autonomous robot platform, has landed $15 million in Series B funding, as the company continues to expand into the North American market.
Leading the round is China Merchants Capital as part of their SINO-BLR Industrial Investment Fund. The new round brings ForwardX’s total funding to more than $40 million, including a $15 million raise last year.
Founded in 2014, ForwardX is perhaps best known in North America for “Ovis,” a whimsical, AI-powered suitcase that trails its owner around airports and hotels.
Ovis debuted with much fanfare at CES 2019, but although it is part of the company’s autonomous mobile robot (AMR) technology, luggage is not currently a focus for the startup, which targets the business-to-business market, Chief Operating Officer Yaxin Guan told FreightWaves.