RoboK Secures £1M Funding for AI Logistics Project
Deal News | Jan 24, 2025 | SETsquared
Cambridge-based computer vision start-up RoboK has secured £1 million in funding from UK Research and Innovation (UKRI) to roll out a pioneering artificial intelligence (AI) solution aimed at enhancing safety and efficiency in UK ports and warehouses. The investment is part of UKRI’s £32 million Technology Missions Fund, which targets the acceleration of productivity across top-tier industries. Through the project named PALLETS (Proactive AI-powered solutions for Logistics Efficiency, Transparency and Safety), RoboK collaborates with notable partners including Astron Fire & Security, Freeport East, Port of Dover, The Finishing Line, University of Essex, and The Bristol Port Company. The consortia collectively aim to tackle pressing challenges in logistics such as hazard detection and operational bottlenecks, striving to facilitate secure AI adoption in the sector. RoboK, a SETsquared Surrey and Scale-Up Programme participant, underscores the strategic importance of this initiative to the UK economy.
Sectors
- Artificial Intelligence
- Logistics and Supply Chain
Geography
- United Kingdom – The funding and project are based in the UK, targeting improvements in UK ports and warehouses.
Industry
- Artificial Intelligence – The article discusses the development of AI-driven safety and efficiency solutions, a core aspect of the Artificial Intelligence industry.
- Logistics and Supply Chain – The project focuses on improving logistics efficiency and safety within UK ports and warehouses, making this industry highly relevant.
Financials
- £1 million – Funding secured by RoboK from UKRI for AI logistics project.
- £32 million – Total initiative amount of the UKRI Technology Missions Fund, aimed at AI-driven productivity acceleration.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RoboK | Target Company | Company | A Cambridge-based computer vision start-up focused on transforming industrial sites for safety and efficiency. |
| SETsquared Surrey | Supporting Company | Company | Provided support to RoboK through its Digital Business Acceleration Hub and Scale-Up Programme. |
| UK Research and Innovation (UKRI) | Funding Body | Government | Provided £1 million funding as part of its Technology Missions Fund initiative. |
| Astron Fire & Security | Project Partner | Company | Collaborates on the PALLETS project for logistics safety and efficiency. |
| Freeport East | Project Partner | Company | Involved in the PALLETS project, facilitating innovative applications and technologies in the logistics sector. |
| Port of Dover | Project Partner | Company | Participates in PALLETS, contributing to improvements in logistics safety. |
| The Finishing Line | Project Partner | Company | Part of the consortium developing the PALLETS project. |
| The University of Essex | Project Partner | Company | Provides academic expertise in the PALLETS project. |
| The Bristol Port Company | Project Partner | Company | Collaborates on developing AI-driven logistics solutions. |