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Gix Internet Invests $500K in Ottonomy

Gix Internet announced that it has signed a $500K investment in Ottonomy, a U.S.-based Physical AI robotics company developing L4 autonomous robotic systems, pursuant to a simple agreement for future equity. The SAFE represents a further step in Gix's strategy to build one intelligent management layer for robots, people, and autonomous systems. Gix's wholly owned subsidiary, Deliverz.ai, provides the software intelligence and orchestration capabilities behind this layer, already commercially deployed in hospital logistics, while Ottonomy brings L4 autonomous navigation, purpose-built robotic platforms and experience operating autonomous systems across additional physical environments. On August 4, the companies entered into a non-binding letter of intent that contemplates potential additional investments by Gix, which could result in Gix first acquiring a strategic ownership interest in Ottonomy, with possible subsequent investments pursuant to which Gix could acquire a majority interest in Ottonomy. Ottonomy has developed the Ottobot family of autonomous delivery robots for indoor and outdoor operation and has announced deployments, pilots and commercial programs across hospital and healthcare environments in multiple markets, airports, industrial and remote-site environments, and last-mile delivery. Ottonomy serves leading healthcare systems and enterprises including Henry Ford Health, Wellstar Health System, Hancock Health, Sodexo, Rome Fiumicino International Airport, top-tier space technology companies, and major U.S. pharmaceutical manufacturers. The SAFE provides Gix with contractual rights to receive equity in Ottonomy upon certain future financing or other specified events. Upon the occurrence of certain qualifying financing events, the SAFE may convert into equity of Ottonomy in accordance with its terms. The SAFE investment is expected to close during the week of September 16, subject to the satisfaction of customary closing conditions.