Austin, TX – According to filings with the U.S. Securities and Exchange Commission, Stocked Robotics dba SIERA.AI is raising $5,296,723.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Saurav Agarwal played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Stocked Robotics dba SIERA.AI
At SIERA.AI we believe that automation and safety has a tremendous and transformational role in the future of material handling and there is no time like now to start making it happen. If not now then when? If not us then who? Our journey started in 2017 with a small grant from the United States National Science Foundation (NSF). We used that humble grant to conduct a months-long study into the industrial automation market. As you can imagine, our study was both an eye-opener and a shocker! Industry statistics showed us a staggering $30B+ spent in the US each year on forklift accident costs with almost 100 deaths and 36,000 serious accidents. On top of that, there is a massive 43,000+ shortage of skilled equipment operators. Worker shortages and growing productivity pressures from e-commerce are forcing material handling workers into unsafe and extremely stressful working conditions. On the other hand, competition from technologically advanced giants like Amazon is threatening traditional business models. We Got Started Because We Want to Free Humans from Dull, Dirty, and Dangerous Work.

To learn more about Stocked Robotics dba SIERA.AI, visit http://www.siera.ai/

Contact:
Saurav Agarwal, Chief Executive Officer
512-817-0702
saurav@siera.ai
https://www.linkedin.com/in/sauravag/

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