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Today: September 25, 2024
July 25, 2024
1 min read

Sojo Industries Secures 10 Million in Series A Funding

TLDR:

  • Sojo Industries, a mobile automation and robotics manufacturer for food and beverage assembly, raised $10M in Series A funding.
  • Backers included Schreiber Ventures and Tech Council Ventures.

Sojo Industries, based in Bristol, PA, is making waves in the industrial automation industry with its innovative use of robotics, mobility, and modularity to provide efficient packaging solutions for the food and beverage sector. Led by CEO Barak Bar-Cohen, the company recently secured $10M in Series A funding from investors such as Schreiber Ventures and Tech Council Ventures. This funding will be used to expand operations and further develop its automation technologies.

One of the key highlights of Sojo Industries is its blockchain-based track-and-trace platform for geolocating products throughout the supply chain. This platform, along with the company’s expertise in creating variety packs, has caught the attention of major brands in the food and beverage industry. Sojo Industries’s Sojo Flight™ solution, which provides mobile manufacturing lines and multiple packaging capabilities, is helping brands like Schreiber Foods navigate the challenges of labor shortages and rising freight costs.

Additionally, Sojo Industries is collaborating with Schreiber Foods to integrate Sojo Shield™, a track-and-trace platform that offers real-time geolocation data and insights on critical tracking events. This integration enhances Schreiber’s existing supply chain platforms and supports their ongoing innovation efforts. Overall, Sojo Industries is proving to be a valuable partner for companies looking to optimize their packaging and assembly processes in the food and beverage sector.

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