Autonomous Mobile Robot Firm TWINNY Completes $13.7M Series C Funding Round

TWINNY, a South Korean autonomous mobile robot (AMR) specialist, has closed a Series C funding round worth approximately USD $13.7 million (KRW 20.4 billion), bringing its total capital raised to around USD $39.6 million (KRW 59 billion). 

Ato Investment led the round, joined by a group of co-investors including KT Investment, SL, Gravity PE, and SECO Seo-Jin Automotive — several of which have backed the company since its Series A round.

Founded in 2015 by autonomous driving robotics experts from KAIST, TWINNY develops AMR solutions for warehouse and logistics automation. Its flagship product, “Nargo Order Picking,” reduces worker travel time and picking duration on the warehouse floor, cutting labor costs by up to 64.4%. The solution has also demonstrated measurable gains in picking accuracy and overall productivity, accelerating adoption across logistics operations. The company says its 2025 revenue is on track to more than triple compared to the previous year.

Building on its success in logistics automation, TWINNY plans to extend its core software technology to a broader range of heterogeneous robot platforms, including industrial robots and humanoids. The company’s strategic focus is on establishing itself as a leading software provider in Physical AI locomotion — the intelligence layer that drives autonomous movement across diverse robot hardware.

“This Series C round is a testament to the market’s recognition of TWINNY’s navigation technology and scalability,” said Hongseok Cheon, CEO of TWINNY. “We aim to grow into a global platform company that extends Physical AI mobility beyond logistics to encompass the broader robotics industry.”

TWINNY is also pursuing an IPO on the KOSDAQ market through a technology-based special listing track, with the aim of completing the listing within the year.