# XSQUARE Technologies Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xsquare-technologies-pte

- Industry: Industrial Machinery
- Headquarters: Singapore, Singapore
- Website: www.xsquaretechnologies.com
- Total disclosed funding: $7.8M
- Latest round: Series A (May 23, 2024)
- Investors on record: 3

## About

Based in Singapore and founded in 2019, XSQUARE Technologies Pte Ltd., a.k.a. XSQUARE operates as a provider of warehouse management systems and trucks to enhance traditional warehousing, utilizing reflector-guided technology for inventory management and driverless forklifts. In May 2024, XSQUARE Technologies Pte Ltd. raised USD 7.8 million in series A funding led by Wavemaker Partners, with participation from SEEDS Capital and Goldbell Investments.

The company provides autonomous forklifts designed to work alongside human workers, enhancing productivity and safety. These intelligent forklifts use advanced sensors, cameras, and AI to navigate complex environments in real-time. XSQUARE's product lineup includes the Bumblebee XV High Lift Stacker, Springer FX Sit-on Reach Truck, Fortress RX Electric Forklift, Hoist TX Tow Tractor, and Side Swipe XX VNA Truck.

The company plans to use its proceeds from May 2024 funding to expand its market reach and improve research and development efforts.

## Funding rounds

- Series A, May 23, 2024, $7.8M — Wavemaker Partners, SEEDS Capital, Goldbell Investments

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Series A
- Goldbell Investments (https://capitalatlas.ai/funds/goldbell-investments) — Series A