12/18/2024
Tech

Slip Robotics Revolutionizes Freight Loading with SlipBots, Secures $28M in Series B Funding

Slip Robotics, an Atlanta-based startup, is transforming the freight logistics industry with its innovative SlipBots—large robotic platforms capable of reducing truck trailer loading times from up to an hour to just five minutes. The SlipBots, designed to carry up to 12,000 pounds and navigate uneven ground, seamlessly transport goods from warehouse floors directly into trailers.

Founded in 2020 by Chris Smith, Dennis Siedlak, and John Jakomin, Slip Robotics has launched a robot-as-a-service (RaaS) model that provides companies with a subscription covering software updates, maintenance, and hardware repairs.

How SlipBots Work

  • Each SlipBot can hold 10 palettes and operate autonomously in warehouses ranging from 20,000 square feet to 2 million square feet.
  • Three SlipBots—carrying a combined 36,000 pounds of payload—fit into a single truck trailer. At the destination, the SlipBots autonomously disembark and unload the freight.
  • Customers typically operate in a "three, three, three" setup: three bots on the dock, three in transit, and three waiting at the destination.

Adoption and Scaling

After years of development, Slip Robotics launched commercially in 2023. Its SlipBots are now deployed across more than 25 facilities, serving major clients like John Deere, GE Appliances, Valeo, and Nissan.

The company has grown from fewer than 12 employees to a team of 50 and boasts 10 commercial customers with hundreds of bots in operation. The startup credits its measured scaling approach for its success, focusing on product reliability over hype.

Series B Funding

Slip Robotics recently closed a $28 million Series B funding round, led by DCVC with participation from existing investors like Tech Square Ventures and Hyde Park Venture Partners. This brings the company’s total funding to $45 million. The new capital will be used to:

  • Expand deployments.
  • Hire additional employees.
  • Enhance the SlipBot product line.

A Pragmatic Approach to Robotics

Unlike many robotics companies that struggle with over-promising and under-delivering, Slip Robotics has prioritized real-world functionality and customer results. Jordan Sanders, Chief Commercial Officer, emphasized the importance of scaling only after ensuring product readiness:

“If you have more engineers in your office than revenue-generating vehicles in the real world, you don’t have a real business.”

This pragmatic approach positions Slip Robotics as a leader in the rapidly growing robotics industry, offering a tangible, scalable solution for freight logistics.

Subscribe to The Newsletters
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Other Posts
Roomba Co-Founder Colin Angle Returns with $30M Health-Focused Home Robotics Venture
Angle’s new venture comes just months after he stepped down as CEO of iRobot.
December 17, 2024
Business
GM Shifts Focus from Robotaxis to Autonomous Driving in Consumer Vehicles
GM is now prioritizing Level 3 (L3) capabilities, which include hands-free, eyes-off driving on highways at reduced speeds.
December 16, 2024
Business
Juicyway Launches Publicly After Processing $1.3 Billion in Stealth Mode
Juicyway supports currencies like the Nigerian naira, USD, GBP, and CAD.
December 16, 2024
Business
Saudi Arabia Commits €50 Million to Renovate France's Centre Pompidou
The Centre Pompidou will close its doors between 2025 and 2030 to undergo extensive upgrades to its exhibition spaces.
December 12, 2024
Society
Niger's Uranium Rift with France: A Symbol of Post-Coup Transformation and Geopolitical Realignment
The uranium dispute between Niger and France symbolizes a seismic shift in Niger’s foreign policy and economic strategy.
December 10, 2024
Society
NASA Delays Artemis II Lunar Mission to 2026 Following Heat Shield Investigation
Artemis II commander Reid Wiseman expressed frustration with the delay but acknowledged its necessity.
December 10, 2024
Science
Google Unveils Quantum Chip 'Willow,' Promising Significant Advances in Computing
Google acknowledges that quantum computers capable of addressing real-world problems are likely years away.
December 10, 2024
Tech
Activists Protest Art Basel Miami Beach, Calling for Divestment from Israel Bonds
The protest is part of JVP’s “Break the Bonds” campaign, which encourages communities to divest from Israel Bonds.
December 10, 2024
Society