Betting on the Future of Physical AI, Zalando Invests In Sereact


Zalando is now a strategic investor at Sereact, a provider of physical AI for warehouse robotics and manufacturing, underscoring the potential of the technology in meeting the logistical needs of Europe’s fashion industry.

Sereact said in a recent statement that Zalando, Europe’s leading technology platform for fashion and lifestyle, has joined its ongoing Series B round, bringing the total for this specific funding to $116 million.

The investment is seen as a validation of Sereact’s Cortex technology, a universal AI operating system that can run across multiple hardware forms such as single-arm picking cells, dual-arm return stations, and humanoid robots.

Zalando, which was founded in 2008, has over 62 million active customers shopping at more than 7,000 brands across 29 markets.

“Zalando’s investment confirms that the foundation we’re building Cortex on—real production data from live deployments—is the right path,” said Marc Tuscher, chief technology officer and co-founder at Sereact.

Sereact said the additional capital will be used to scale the next generation of its robotic brain called Cortex 2.0, a model which the company promises would be able to anticipate physical outcomes, project the trajectories of risks and efficiencies, and “plan movements before the robot even acts.”

“This strategic investment underscores Zalando’s commitment to supporting European technology companies, driving industry innovation, and shaping the standards of modern e-commerce,” said Masood Choudhry, senior vice president for logistics at Zalando.

Over 200 Cortex systems are already currently live across Europe, the company said, noting that the funding will also allow them further international expansion. Its customers include Daimler Truck, Mercedes-Benz, and BMW.

The Series B financing round was led by Headline in April this year, with participation from BullhoundCapital, Daphni, and FelixCapital, alongside returning investors AirStreetCapital, Creandum, and PointNine.

With Zalando’s participation, Sereact, which was founded in 2021 in Germany, has now raised over $145 million to date.

“We’re delighted that Zalando is now a strategic investor. That’s a strong signal to the market: companies that focus on operational excellence believe in our technologies,” said Dr. Ralf Gulde, CEO and co-founder at Sereact.



Source link

  • Related Posts

    The French Pedicure Is The #1 Most Stylish Nail Art Design

    I usually keep it simple with pedicures, opting for a single wash of color in any number of stylish shades. Lately, though, I’ve been tempted to branch out from my…

    Back-to-school Spending Starts Strong, Consumers Stay Motivated

    There’s often little correlation between consumer sentiment and consumer spending — and it’s most evident this back-to-school season, which is off to a strong and early start. While Americans are…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    The French Pedicure Is The #1 Most Stylish Nail Art Design

    The French Pedicure Is The #1 Most Stylish Nail Art Design

    Britain’s new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

    Britain’s new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

    Search enters 4th day for 2 young brothers who fell into Manitoba lake

    Search enters 4th day for 2 young brothers who fell into Manitoba lake

    OpenAI Admits Its Models Hacked Hugging Face On Their Own

    OpenAI Admits Its Models Hacked Hugging Face On Their Own

    New Langrisser: Sea of Sword Trailer Provides First Look at Gameplay

    New Langrisser: Sea of Sword Trailer Provides First Look at Gameplay

    Evacuees of Ontario’s Wildfires Wait and Worry