According to the Trade and Investment Queensland website, Brisbane company LYRO Robotics has secured seed funding from a major Japanese company.
Japanese manufacturer Toyo Kanetsu will provide funding through its corporate venture capital fund Toyo Kanetsu Corporate Venture Fund Ⅱ (TKCVII) for LYRO Robotics to commercialise their products.
The Brisbane-based start-up, which was only incorporated in August 2019, specialises in developing robotic picking and packing technology for warehouses, supply chains and logistics operations.
LYRO Robotics will use the seed funding to expand its team and deploy robots with early adopters while further developing globally competitive picking and packing solutions.
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