SESTO Robotics, a leading robotics company in the field of autonomous technology, announced that its spin-off from parent company HOPE Technik has been successfully completed. SESTO Robotics was first formed as a business division within HOPE Technik, an investment portfolio company of Singtel Innov8 and Heliconia Capital Management. The spin-off is in line with the strategic plan for SESTO Robotics to expand its product portfolio while accelerating the delivery of its products to a rapidly growing pool of customers utilising autonomous mobile robot (AMR) technology.
With Series A funding totalling $4 million from Singtel Innov8 and Heliconia Capital Management, the spin-off will enable SESTO Robotics to meet its high growth trajectories. First, new AMR solutions will be developed to address the demands of previously untapped industries while the company concurrently expands its reach in current verticals. Second, the company looks to expand its geographical reach and operations beyond current markets such as China and Singapore.
“New and mature companies alike are looking into implementing intelligent automation and the completion of this spin-off and injection of initial funding will further strengthen SESTO Robotics’ product positioning. This exercise will enable us to fulfil our vision of developing scalable autonomous robotics solutions for the supply chains of various industries,” said SESTO Robotics Chief Executive Officer Michael Leong. “The strategic guidance and support shown by Singtel Innov8 and Heliconia Capital Management have been instrumental to our growth and we look forward to working with them to bring SESTO Robotics to greater heights after this spin-off.”
In today’s economy, changing consumer habits have led to shorter time-to-market for products. Coupled with the shortage of skilled workers, companies are pushed to adopt smart and flexible automation processes to help them overcome pressures placed upon their manufacturing lines. At the same time, globally companies now have better understanding of the benefits of Industry 4.0 practices and are shifting their attention to autonomous mobile robots. SESTO Robotics’ products will allow companies worldwide to plug gaps in areas such as quality consistency and manpower limitations. SESTO Robotics’ suite of solutions are centred upon the SESTO Automated Guided Vehicles (AGVs) and Intelligent Mobile Robots (IMRs), which are designed to automate traditionally labour-intensive material handling processes. Covering tasks such as transporting work-in-progress materials between work stations to movement of bulk materials in warehouses, SESTO AGVs and IMRs have been adopted by industry leaders in the field of semiconductor manufacturing and warehousing.