ATLANTA--(BUSINESS WIRE)--Dec 17, 2024--
Slip Robotics, a next-generation provider of automated truck-loading robots-as-a-service, has raised a $28 million Series B financing led by DCVC, a leading Silicon Valley venture capital firm specializing in deep tech. The investment reflects Slip’s rapid growth with industry-leading customers – including John Deere, GE Appliances, Valeo, and Nissan – who are using SlipBots to load and unload any truck in just 5 minutes.
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SlipBots load & unload an entire trailer in five minutes, while a forklift is only able to unload seven pallets. (Photo: Business Wire)
Slip Robotics is tackling one of the supply chain’s universal inefficiencies: truck loading and unloading. For over 100 years, truck trailers have been loaded and unloaded using the same basic methods. Because of this, truckers spend 23% of their workday idling at loading docks waiting for forklift operators to load and unload their trailers, while forklift operators rush to carry freight between the trailer and staging area despite 25% of all industrial accidents taking place at the loading dock.
“Modernizing loading and unloading is an enormous problem waiting to be solved. Slip Robotics is driving a level of change in the supply chain industry not seen since the containerization of sea freight,” said James Hardiman, General Partner at DCVC. “Their solutions are not just theoretical—they work, and they deliver value and scale today.”
Slip empowers people to auto-load and auto-unload any truck in just 5 minutes using SlipBots. SlipBots cut conventional 30 to 60-minute loading times to just 5 minutes, providing a faster, safer, and scalable solution for growing logistics demands.
Unlike other automated solutions, SlipBots handle any type of freight, at any dock, with no infrastructure modification, and with zero Wi-Fi or complex IT integration required. This broad applicability and ease of deployment has fueled Slip’s rapid adoption and expansion with customers.
Valeo, a multinational automotive parts manufacturer, used SlipBots to reduce their trailer load/unload times from 30 minutes to just 5 minutes. SlipBots seamlessly integrated into their operations, enabling employees to increase dock throughput by 6x, reduce forklift traffic by 8x, and increase safety at the loading dock.
“Slip Robotics makes our lives easier and proves that automation doesn’t have to be difficult,” said Lou D’Allura, Productivity Manager at Valeo. “It’s the real deal.”
The need for greater supply chain automation has never been more critical. Labor shortages, rising operational costs, and the demand for faster delivery times are all driving a shift toward smarter, automated solutions.
“Slip’s solutions don’t just represent the future—they solve today’s challenges. We’re moving freight faster, more safely, and at a lower cost for industry-leading brands across the supply chain,” added Chris Smith, CEO of Slip Robotics.
Slip has raised $45 million to date from investors such as Eve Atlas, Tech Square Ventures, Hyde Park Venture Partners, Overline, and Pathbreaker Ventures, all of whom participated in the Series B financing. This funding positions Slip Robotics to accelerate change in one of the most labor-intensive parts of logistics.
Following this latest funding round, Slip is expanding its team to support rapid growth, increase deployments, and enhance its product offerings. Slip is investing in continued commercial growth along with research and development with a focus on delivering greater value to customers. These initiatives strengthen its ability to transform loading dock operations across industries.
For more information on Slip Robotics, visit www.sliprobotics.com.
ABOUT SLIP ROBOTICS
Slip Robotics empowers people to auto-load and auto-unload any truck in 5 minutes using SlipBot automated loading robots -- at any dock, with any type of freight, in any trailer, and with zero Wi-Fi or IT integration required. The SlipBot robots-as-a-service network drives 10x improvements in safety, speed, and savings across the supply chain. Companies across North America use SlipBots in 24/7 production operations, including John Deere, GE Appliances, Nissan, Valeo, and other manufacturers and logistics operators.
ABOUT DCVC
DCVC is deep tech venture capital. Over more than a dozen years, the firm has backed brilliant entrepreneurs using computational approaches to solve trillion-dollar problems in the real world across a broad set of industries, especially those that haven't seen material progress in decades. With billions of dollars of assets under management, DCVC builds long-term relationships with the founders it backs. The firm has been with many of its companies from their very start — and through to their recognition by the public markets as category-defining businesses. For more information, please visit www.dcvc.com, or follow us on LinkedIn or Twitter @DCVC.
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Erin McDuff | Head of Marketing |[email protected]
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HARDWARE CHEMICALS/PLASTICS RETAIL AUTOMOTIVE MANUFACTURING AEROSPACE MANUFACTURING TECHNOLOGY SUPPLY CHAIN MANAGEMENT TRANSPORT OTHER MANUFACTURING OTHER TECHNOLOGY TEXTILES STEEL LOGISTICS/SUPPLY CHAIN MANAGEMENT PACKAGING ENGINEERING
SOURCE: SLIP ROBOTICS
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PUB: 12/17/2024 09:00 AM/DISC: 12/17/2024 09:01 AM
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