Surface Transforms management deliver positive operational update 16.09.2019 Watch Now

Delivery robot firm Starship raises $40 million

Tue, 20th Aug 2019 15:27

TALLINN, Aug 20 (Reuters) - Starship Technologies, a company set up by two founders of video messaging business Skype, has raised another $40 million to expand its delivery robot business, it said on Tuesday.

The company's six-wheel robots, reminiscent of science fiction films, have already been used in more than 100 countries for last-mile delivery of food, groceries, and small packages.

The latest funding will be used to expand its service to more university campuses in the United States, it said in a statement.

Companies from Amazon and Nuro in the United States to Deutsche Post and TwinswHeel in Europe are investing in automated delivery to try to improve customer service and cut costs.

Starship's latest investment round was led by Morpheus Ventures, with participation from previous investors including Shasta Ventures, Matrix Partners and MetaPlanet Holdings, as well as new investors including TDK Ventures and Qu Ventures.

Starship was set up by Skype co-founders Janus Friis and Ahti Heinla, and has raised a total of $85 million so far. Its main engineering office is in Estonia, while it is headquartered in the United States. (Reporting by Tarmo Virki; Editing by Mark Potter)

More News

Luxembourg PM Bettel says onus on PM Johnson to propose workable Brexit fix

LUXEMBOURG, Sept 16 (Reuters) - Luxembourg Prime Minister Xavier Bettel lashed out at British Prime Minister Boris Johnson on Monday for failing to propose serious alternatives to unlock a Brexit

Today 15:25

UPDATE 1-Saudi-led coalition:Evidence indicates Iranian arms used in Saudi attack

RIYADH, Sept 16 (Reuters) - The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi Arabian oil plants was carried out with Iranian was not to

Today 15:24

UPDATE 1-GM, UAW restart talks as workers take to picket lines

* UAW strike is first one against GM since 2007 * Lost production could cost GM up to $50 million a day * President Trump urges both sides to 'make a deal' * (Adds GM

Today 15:24

Too soon to say if U.S. emergency oil release is needed, Perry tells CNBC

Sept 16 (Reuters) - U.S. Energy Secretary Rick Perry said on Monday it was "a little premature" say whether the United States would have to tap into its strategic petroleum weekend on in

Today 15:24

Login to your account

Don't have an account? Click here to register.