Atlanta automated docking startup Slip Robotics is eyeing an $11 million round, according to a filing with the U.S. Securities and Exchange Commission.
Inside the deal: Slip Robotics has raised about $10.65 million so far, according to the filing. Six investors participated. Executives listed in the filing include Blake Patton, who is a managing partner at Atlanta venture capital firm Tech Square Ventures, and Thiago Olson, who is a managing partner at VC firm Eve Atlas. Slip Robotics declined to comment on the funding round.
Why it matters: Slip Robotics produces a robotics system that automates loading and unloading trailers for shipping, which could help increase the efficiency of shipping. Georgia is a major hub for manufacturers and for logistics because of its interstate connections, international airport and the Port of Savannah. Plus, Georgia Tech is committed to helping in-state companies incorporate automation into their logistics and manufacturing operations, and Slip Robotics could benefit from that push. The global logistics automation market is set to grow from $49.7 billion in 2020 to $147.4 billion by 2030, according to Allied Market Research.
About the company: Slip Robotics was founded in 2020 by Chief Engineer John Jakomin, Chief Technology Officer Dennis Siedlak and CEO Christopher Smith, according to LinkedIn. It raised about $5.5 million in March 2022, according to a previous SEC filing. Slip Robotics’ office is at 2395 Pleasantdale Road, which is near Buford Highway just outside the Perimeter Interstate 285, according to its website. There are 21 employees listed on LinkedIn. Slip Robotics has five job openings, all based in Atlanta and mostly focused on engineering.
