About Magazino
Magazino is a company based in Munchen (Germany) founded in 2014 was acquired by Jungheinrich in August 2023. Magazino has raised $50.11 million across 7 funding rounds from investors including Zalando, Jungheinrich and Fiege Logistics. Magazino offers products and services including SOTO, TORU, and ACROS AI. Magazino operates in a competitive market with competitors including Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.
- Headquarter Munchen, Germany
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Sectors
Transportation, Automotive & LogisticsIndustrial Goods & Manufacturing Technology
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Email
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Phone
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Website
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Social
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- Legal Name Magazino Gmbh
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$50.11 M (USD)
in 7 rounds
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Latest Funding Round
$149.16 K (USD), Grant
Jan 01, 2021
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Investors
Zalando
& 9 more
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Employee Count
Not available
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Acquired by
Jungheinrich
(Aug 23, 2023)
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Products & Services of Magazino
Magazino offers a comprehensive portfolio of products and services, including SOTO, TORU, and ACROS AI.
Autonomous robot for intelligent line-feeding in industrial production processes.
Mobile robot for intelligent commissioning of shoe cartons in logistics.
AI-based system for operating cooperative robots in intralogistics tasks.
People of Magazino
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Funding Insights of Magazino
Magazino has successfully raised a total of $50.11M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $149.16 thousand completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Magazino
Magazino has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Zalando, Jungheinrich and Fiege Logistics.
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Venture investments in systems, infrastructure, and applications for enterprise founders.
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Early-stage investments are made in high-tech startups by HTGF.
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Investor details for Magazino
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Investments & Acquisitions by Magazino
Investment portfolio details for Magazino
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Financial Statements - Magazino
Detailed financials for Magazino
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Magazino Comparisons
Peer comparison for Magazino
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Competitors of Magazino
Magazino operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Third Wave Automation, RightHand Robotics, Kindred, GreyOrange and Agility Robotics, among others.
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AI and cloud-driven automation is delivered for warehouse material handling.
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AI-enabled robotic grippers for object picking are provided.
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Provider of a pick and place robot for e-commerce applications
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AI and SaaS-based robots for warehouse automation are provided.
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Bipedal robots are developed for locomotion, navigation, and manipulation applications.
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Autonomous mobile robots are supplied for warehouse operations.
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Detailed competitors of Magazino
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Latest news on Magazino
Complete news archive for Magazino
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Frequently Asked Questions about Magazino
Magazino was founded in 2014.
Magazino is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Magazino is a funded company, having raised a total of $50.11M across 7 funding rounds to date.
Founded in 2014 in Munich, Germany, the company focuses on AI robotics within the logistics sector. Autonomous mobile pick-and-place robots for warehouses are produced, along with picking robots and AI software for AGV control and navigation. Applications extend to industrial production, e-commerce, agriculture, cleaning, and intralogistics. Clients such as Zalando and DHL are served through these offerings.
Magazino's top competitors include GreyOrange, Third Wave Automation and Agility Robotics.
Magazino offers SOTO, TORU, and ACROS AI.
Magazino has 10 investors. Key investors include Zalando, Jungheinrich, Fiege Logistics, European Investment Bank, and European Union.