Gideon Brothers raised a $31 million Series A round led by Koch Disruptive Technologies

Gideon Brothers, a Zagreb, Croatia-based robotics and AI solutions company, announced it has raised a $31 million Series A investment.

The money was raised from investors led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries, Inc., with participation from DB Schenker, Prologis Ventures, and Rite-Hite. The round also includes participation from several of Gideon Brothers' existing shareholders, who are among the first backers of the Company: Taavet Hinrikus (co-founder of TransferWise), Pentland Ventures, Peaksjah, HCVC (Hardware Club), Ivan Topčić, Nenad Bakić, and Luca Ascani.

The company will expand its Board of Directors with two seasoned industry leaders: Annant Patel, Director, KDT, and Xavier Garijo, Member of the Board of Management for Contract Logistics, DB Schenker.

Proceeds will be used to accelerate the development and commercialization of its AI & 3D vision-based autonomous mobile robots (AMRs). The company will also expand its Manufacturing, Sales, Marketing, and Customer Success operations across key markets of the European Union and United States by opening offices in Munich, Germany and Boston, Massachusetts, respectively.

Gideon Brothers, founded in 2017 by CEO Matija Kopić, Edin Kočo, Josip Ćesić, Kruno Stražanac, and Milan Račić, specializes in the flexible automation of horizontal and vertical material handling processes for logistics, warehousing, manufacturing, and retail businesses. With its advanced mobile robots and complete software solutions for autonomous indoor and outdoor operations, the company helps businesses solve their most complex supply chain challenges: rising customer expectations, increased product variability and logistics volumes, growing variety of distribution channels, and ultimately, labor shortage.