Otsaw, a Singapore-based developer of autonomous mobile robots, filed on Monday with the SEC to raise up to $28 million in an initial public offering.
Ostaw specializes in autonomous mobile robots (AMRs) and robotics solutions, with the goal of disrupting, revolutionizing, and redefining the global facilities management industry. The company designs, develops, manufactures, markets, maintains, services, and supports various advanced AI-enabled AMRs, Ultraviolet-C disinfection systems, hospital intralogistics automated guided vehicles, and other robotics solutions, which are empowered by its proprietary core robotics software and outdoor autonomy technology.
The Singapore-based company was founded in 2015 and booked $4 million in revenue for the 12 months ended October 31, 2024. It plans to list on the Nasdaq under the symbol OTSA. Otsaw filed confidentially on January 28, 2025. Aegis Capital Corp. is the sole bookrunner on the deal. No pricing terms were disclosed.
