Aditya Hadi Pratama · · 1 min readSG robotics firm picks up $5.7m to boost Europe plans
Singapore-based Sesto Robotics has raised US$5.7 million from Trive, Seeds Capital, and German-based World Trading Inovation WTI GmbH in a funding round.
Sesto Robotics team / Photo credit: Sesto Robotics
Sesto Robotics provides mobile robots and automated guided-vehicle solutions for enterprises in the manufacturing and healthcare sectors.
In a statement, Ang Chor Chen, the firm’s CEO, said the investment from WTI could help the company’s plans to expand in the European market. The company also plans to use the fresh funds to invest in digital marketing and strengthen its capability in supporting overseas partners.
The startup was founded in 2013 by Singapore engineering firm Hope Technik. Sesto was spun out to become an independent company after it pocketed US$2.9 million in series A funding from Temasek unit Heliconia Capital Management and Singtel Innov8 in 2018.
See also: Singapore no-code platform for robots cuts automation costs by half
Editing by Collin Furtado and Arpit Nayak
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