Instock Inc, a leader in customer fulfillment robotics, this week announced that it raised $3.2 million USD in new funding led by the Amazon Industrial Innovation Fund.
The investment brings Instock’s seed financing to a total of $6.2 million USD.
Instock is led by Yegor Anchyshkin, a graduate of the National Technical University of Ukraine Kyiv Polytechnic Institute.
Prior to Instock he and his team built Viewdle, which was acquired by Google, and Zakaz.ua – from zero to profitability and exit to Takeoff Technologies.
Instock’s Seed round was co-led by One Way Ventures and Lux Capital, with funding participation including Commerce VC, u.ventures, Cybernetix Ventures and others active in robotics.
“The technology that Instock has built can have a material impact on the future of eCommerce fulfillment,” said Semyon Dukach, Founding Partner of One Way Ventures, in a statement.
“We are excited by the unprecedented speed and efficiency Instock can bring to fulfillment operations across the country.”
![](https://startupbeat.com/wp-content/uploads/2023/12/robot_with_bin_hu89eb65f6fffaa8dbaea189bd665cea4f_3145972_660x0_resize_q75_box.jpeg)
Fulfillment operators are constantly challenged to improve speed, efficiency and accuracy while driving down costs. Automation is a key enabler on all fronts, however 80% of eCommerce fulfillment still relies on entirely manual labor.
Instock’s robotics-as-a-service (RaaS) model innovates by offering a more cost-effective and streamlined way to enhance operations with high-performance automation.
To learn more visit: www.instock.com