Sereact secures $5 million

Stuttgart - Stuttgart-based Sereact announced that it has closed a seed financing round of 5 million US dollars. The financing was led by Point Nine and Air Street Capital.

In addition to Air Street Capital and Point Nine, other investors also participated in the financing round. These include Alexander Diehl, Oliver Cameron (VP Product at Cruise, co-founder of Voyage), the founders of Proglove and OMA Ventures, Achim Baier and Wolfgang Frank (arconsis), Martin Giese, Michael Achtelik, Jan Stumpf and Daniel Gurdan (founders of Ascending Technologies) and Mostafa Elsayed (CEO and co-founder of Automata).

Sereact has created a user-friendly way of interacting with robots by combining large language models and robotics.

Ralf Gulde, Co-Founder & CEO Sereact

Sereact is developing AI-driven software to automate the entire order picking process in warehouses and production facilities. Order picking accounts for around 55% of a warehouse's costs, and companies are currently facing rising labor costs and growing demand from e-commerce.

Until now, companies looking to automate order picking have been forced to work with rigid systems that required long training times and struggled to keep up with changing product ranges. Sereact promises a solution that can be implemented within a day and delivers immediate cost savings of up to 77% per pick.

Sereact offers a rapidly deployable solution for demanding industries such as logistics and manufacturing. Its combination of vision transformers and large language models enables efficient configuration and a high standard of service.

Ricardo Sequerra Amram, Partner Point Nine

Sereact's latest innovation, PickGPT, combines their patented work in vision processing with large language models, which also form the basis for ChatGPT. PickGPT is a robotic transformer that enables robots to understand natural language and perceive their environment with greater intelligence and accuracy. This should enable even inexperienced users to control the system via a simple chatbot interface.

Sereact combines a deep understanding of warehouse operations with technical know-how. They are the first company to put large-scale voice modeling and order picking into practice, demonstrating the potential for multiple use cases.

Nathan Benaich, Founding Partner Air Street Capital

Sereact was founded in 2021 and has since made technological advancements including industry-leading picking speeds of 1500 picks per hour, collision-free picking and fully autonomous object manipulation. The company now serves partners in e-commerce, manufacturing and third-party logistics, including ZenFulfillment, Daimler Truck, Material Bank and Schmalz.

The funds from the seed round will be used to expand Sereact's team and to develop and launch PickGPT internationally.