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Motion2AI raises a $12.6M Series-A to provide AI services for warehouse mobility

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MOUNTAIN VIEW, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Motion2AI (CEO: Byungsoo Kim) closed a $12.6M Series A from venture capitalists in the US and Korea. US investor Mir Ventures led this Series A, and Smilegate Investment, Mirae Asset, IMM, Intervest, Future Play, Shinhan Capital, Nest Company, and Amantani Partners participated. "We led Motion2AI's Series A because advanced warehouse mobility technology is rapidly expanding to customers large and small in the logistics market. The future of autonomous integrated services based on AI technology is feasible and necessary for the logistics industry, and Motion2AI has a strong advantage in this sector," said John Braze, managing partner of MIR Ventures, who led the investment. Motion2AI CEO Byungsoo Kim expressed his ambition to more aggressively expand logistics center productivity improvement and safety to the US and Korea through this investment.