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Starship Technologies raises USD 25 mln in investments

BC, Tallinn, 08.06.2018.Print version
The Estonia-based developer of delivery robots Starship Technologies raised 25 million dollars, or 21.2 million euros, of investments in the latest round of funding, Techcrunch reports, cites LETA/BNS.

The latest round of funding includes a follow-on investment from Matrix Partners and Morpheus Ventures and new investors include Nathan Blecharczyk, Airbnb co-founder, and Jaan Tallinn, one of the founders of Skype.

The plan with the funding is to deploy Starship robots in neighborhoods, corporate and university campuses in both the U.S. and Europe, Techcrunch reports.

Starship also recently hired  former Airbnb business development lead Lex Bayer as the company's CEO.

"We are at the point where we are ready to start deploying our network of robots at scale," Starship co-founder Janus Friis said in a statement. "This additional funding, and Lex's appointment, will allow us to bring our services to market. Lex joins us with a proven track record of growing businesses that change the way we live for the better."

Starship Technologies is building a fleet of autonomous robots designed to deliver goods locally in 15-30 minutes within a two mile radius. The robots drive autonomously but are monitored by humans who can take over control at any time.

Starship Technologies was launched in July 2014 by two Skype co-founders, Ahti Heinla and Janus Friis. The aim of the company is to change the way in which parcels, food and necessities are supplied to the final recipient. The company employs 200 people in 10 cities across the world.

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