German online fashion retailer Zalando SE said Feb. 27 that it acquired a minority stake in robotics startup company Magazino.
Magazino specializes in the development of logistics robots that use deep learning software. Its TORU robots are equipped with 3D cameras and multiple sensors that enable them to pick boxes from high and low shelves autonomously.
The investment is part of a Series A funding round for Magazino, the statement added. Financial terms of the deal were not disclosed.
