The American company Apkudo, renowned for its chain robotics, AI, and software solutions designed for grading and processing smartphones and tablets, is rapidly making a name for itself. In 2023, Apkudo secured an impressive $37.5 million in Series C funding. This funding phase, crucial for startups aiming to expand, proved successful for Apkudo, bolstering its growth and market reach.
Apkudo's recent impact report for 2023 reveals that their platform processed over 14 million devices globally, averaging nearly 40,000 devices per day. This remarkable achievement underscores the company's growing influence in the industry.
In terms of environmental impact, Apkudo claims to have saved a substantial 855,000 tons of CO2 emissions and reduced e-waste by 5,600 tons. The processed devices had a collective value exceeding $3 billion. With offices not only in the United States but also in Germany (Flensburg) and Australia, Apkudo's global presence is significant. Their clientele includes prominent names such as Amazon and Likewize.
Further cementing its industry position, Apkudo's cutting-edge diagnostic technologies have been implemented in a new state-of-the-art facility opened by Basatne International, a major player in the secondary market. Located in Dubai Silicon Oasis, this facility leverages Apkudo's robotics and AI to process up to 7,000 mobile devices daily.
A British research firm predicts that by the end of this year, 25% of all used smartphones sold in Europe will be processed using robots. While some believe this estimate to be slightly optimistic, there is no denying the rapid rise in the popularity of automated device processing. The trend is particularly notable in Europe, where high labor costs make robotic processing an attractive option. Robots offer consistent quality and significantly higher productivity, contributing to their growing adoption.
In conclusion, Apkudo's innovative solutions and strategic expansions have positioned it as a key player in the tech industry, driving efficiency and sustainability in the processing of mobile devices. As the company continues to grow and evolve, its impact on the secondary market and the broader tech landscape is set to expand even further.
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