Logistics Robot Startup PyBrain AI Raises USD 494,000 from KOSDAQ-Listed OA
· Source: en.wowtale.net
In short
KOSDAQ-listed OA has invested 650.32 million won (USD 494,000) in Seoul-based logistics robotics company PyBrain AI, securing a 24.07 percent stake through newly issued shares. The two companies will collaborate on AI-driven warehouse picking and packing automation, with PyBrain supplying its Py PACKR packing robot and Py PICKR picking and transport robot while OA provides operational expertise and pilot-testing sites such as its Pohang logistics center. OA also plans to rename itself OATOX and add robotics and automation to its charter at a special shareholders' meeting on November 26.
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Tags: logistics, robotics, warehouse, automation, funding, picking