Magazino has closed a Series B financing round of €21 million. Jungheinrich AG and the European Investment Bank (EIB) are leading the round, with existing investors also participating. The capital raised will be used to expand international sales activities and above all to accelerate the expansion of the “ACROS.AI” software stack.

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Magazino announced today that they are offering a pay-per-pick business model for their TORU autonomous mobile robot.

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Magazino RoboticsHeadquarters: ​Munich, GermanyPublic: NOWebsite: https://www.magazino.euProducts: Toru Hako Soto​Applications: Goods-to-Person Goods-to-boxBackgroundMagazino is one of several mobile robot vendors offering a autonomous machine capable of picking up and dropping off boxes and totes. The machines are designed primarily for goods to person logistics applications and they operate in the warehouse. Magazino has expanded their product line

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