- UVIONIX, a California-based robotics and automation company developing AI-powered autonomous flying robots for real-time inventory monitoring, has secured a $3.5 million seed investment.
- The funding round is led by LAUNCHub Ventures, with co-lead participation from Hungarian PortfoLion and additional backing from Romanian Underline Ventures, German Robin Capital, and prominent angel investors.
- UVIONIX’s innovative approach focuses on warehouse automation, positioning the company to transform real-time inventory management.
Founded by Bulgarian entrepreneur Boris Iskrev (CEO), UVIONIX steps on nearly 10 years of innovation in advanced aerospace technology to revolutionize warehouse automation. In collaboration with co-founder and CTO Stanislav Darmonski, PhD, the company developed U-Vee, a compact, autonomous flying robot designed to navigate warehouse environments seamlessly.
UVIONIX’s expertise has culminated in developing its Autonomous Inventory Management system, a solution that optimizes accuracy and efficiency in warehouse logistics through advanced automation.
Leveraging AI and deep learning, U-Vee enables real-time, autonomous inventory monitoring with 99.9% accuracy. By creating live digital twins of warehouse spaces, U-Vee eliminates the need for manual stock checks, reducing errors, cutting costs, and streamlining logistics operations.
“This funding is a pivotal step toward realizing our vision of making supply chain management smarter, faster, and more transparent,” said Boris Iskrev, CEO of Uvionix. “We are grateful for the trust and support of our investors and excited to deliver a product that we believe will transform the way warehouses operate globally.”
“UVIONIX is solving a major pain point in warehouse operations leading to trillions of dollars in annual losses.” said Raya Yunakova, investor at LAUNCHub Ventures. “We believe Uvionix’s AI-driven approach is setting a new industry standard. Their technology has the potential to redefine supply chain efficiency, and we’re excited to support their journey.“
With this investment, Uvionix will accelerate its product release and expand its market presence across the US and Europe. The company is focused on forging strategic partnerships with major logistics and retail players to scale deployments across multiple industries.
“Logistics and warehousing are adopting new technology at a fast pace, due to AI developments, workforce shortages, and the continuous need for optimization. The Uvionix team can address these challenges by leveraging its entrepreneurial, and technical experience, and building a best-in-class product for its category,” said Bogdan Iordache, GP at Underline Ventures.
To support its rapid growth, UVIONIX is expanding its engineering and AI teams in Bulgaria and the US, aiming to attract top-tier talent in AI and automation.
“The adoption of warehouse robotics has reached a critical inflection point. In response to the e-commerce boom of the past decade, warehouses increased capacity and operations. As a result, warehouses are now managing record product flows, making accuracy and efficiency more crucial than ever. To cut through this complexity, modernization through automated and autonomous solutions is essential. We believe Boris and the Uvionix team, with their deep expertise in drone technology, are uniquely positioned to guide warehouses into the future,” outlined Daniel Kiss-Kiraly, Principal at PortfoLion.
With this funding, UVIONIX is poised to redefine how warehouses operate, bringing a new level of automation, accuracy, and efficiency to the supply chain industry.
