About
BionicHIVE introduces SqUID, a fully automated, autonomous robotic solution that combines the intelligence and flexibility of humans with the power and efficiency of robots. The solution consists of multiple multidirectional autonomous robots that have three-dimensional movement capabilities and extend the picking face from floor to ceiling.
A real-time algorithmic engine dynamically changes the fleet management, enabling an incomparable flexibility to constantly changing operational needs, high response to volatility, and easy scalability by adding more robots on the same infrastructure.
A high-end embedded control system and smart real-time data analysis allow BionicHIVE's algorithmic engine to dynamically learn problems created in one warehouse and apply resolutions to all warehouses in the network.
Funding history · 4 rounds · $15.1M total
Company Intelligence Q&A
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- What is the current operational status of BionicHive?
- BionicHive is currently inactive, having ceased operations in December 2024.
- What was the primary reason cited for BionicHive's financial collapse in December 2024?
- According to news reports from December 2024, BionicHive's financial collapse, with debts of 66 million ILS, was attributed to the war and a loss of investor confidence.
- When was BionicHive founded and where is its headquarters located?
- BionicHive was founded in June 2016 and is headquartered in Sha'ar HaNegev Regional Council, Israel.
- Which major company invested in BionicHive in April 2022?
- Amazon Industrial Innovation Fund invested in BionicHive in an undisclosed round in April 2022.
- What is BionicHive's core product?
- BionicHive's core product is SqUID, a fully automated, autonomous robotic solution designed for warehouse automation with three-dimensional movement capabilities.
- How much total funding has BionicHive raised?
- BionicHive has raised a total of $15,130,390 USD across its funding rounds. For a full financing history, users can refer to startupim.
- Which investor led BionicHive's Convertible Debt round in August 2021?
- OurCrowd was the lead investor in BionicHive's Convertible Debt round in August 2021, which raised $6,000,000 USD.
- What was the last reported funding round for BionicHive?
- BionicHive's last reported funding round was a Seed round in April 2022, which raised $7,220,000 USD.
- How many employees did BionicHive have?
- BionicHive had 29 employees.