Many of the progress in Europe’s robotics sector has come within the final three years, because it’s moved from a distinct segment sector to at least one attracting generalist VC curiosity. The European robotics business is projected to be value $4.51bn by 2027, in keeping with Statista.
Among the many firms to have grabbed consideration thus far this yr are ANYbotics, a Swiss startup growing an AI-led robo-workforce, which raised a $50m Collection B in Could, and OpenAI alum Shariq Hashme’s Prosper Robotics, which is growing a robotic butler for the house.
However who may the subsequent stars of the robotics tech scene be? To seek out out, Sifted requested traders from Kineo Finance, Breega, NGP Capital and Picus Capital. There was just one rule: they couldn’t nominate portfolio firms.
Christine Müller, associate at Kineo Finance
Kineo Finance is a Swiss-headquartered VC with places of work in Germany and USA. It specialises in startups commercialising {hardware} and hardware-software merchandise.
Ascento Robotics — Switzerland
Ascento affords robotics-as-a-service for autonomous outside safety patrolling. Its two-wheeled robotic helps safety professionals safe, preserve and examine their outside property by lowering intervention instances and enhancing their information capturing functionality. Ascento is a spinout from ETH Zurich.
Framework Robotics — Germany
Framework Robotics affords industrial-grade, remote-controlled deep-sea unmanned underwater automobiles (UUVs) for sub-marine infrastructure inspection and monitoring. By its sustainable, modular and scalable 3D-printed primary construction, its robotics platform is adaptable for a large number of underwater functions.
Olive Robotics — Germany
Olive Robotics is offering software-defined robotic {hardware} parts that are re-programmable and straightforward to combine, permitting customers to construct their very own plug-and-play customized robots. The corporate has partnered with varied main universities and has developed 4 merchandise and one equipment up to now.
Alex Rohregger, investor at Picus Capital
Picus Capital invests globally in pre-Seed, seed and Collection A rounds and focuses on expertise firms in monetary companies, HR, vitality & local weather, healthcare, logistics & mobility, actual property & development, crypto & web3, deeptech and e-commerce.
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Daedalus — Germany
Daedalus supplies a platform for firms to order precision components manufactured by AI-enabled robots. The startup faucets right into a market that’s experiencing excessive demand, notably in aerospace and medical functions, and an acute labour scarcity for precision machinists. We might also see Daedalus profit from the early indicators of re-shoring [companies bringing manufacturing back to their home market] throughout many industries.
Gravis Robotics — Switzerland
Gravis Robotics is growing an autonomous platform for heavy industrial automobiles and equipment utilizing expertise developed at ETH Zurich. Automating these automobiles may assist curb labour shortages and enhance security and effectivity throughout the development, mining and agricultural industries.
Torrmi — United Kingdom
Though nonetheless in its early levels, Torrmi is aiming to faucet into a necessity within the robotics business for specialised suppliers of AI, {hardware} and software program parts. It should present reusable software program parts for robots, which will probably be outfitted with automated bug detection, and use present expertise for efficiency diagnostics and to handle inefficiencies in older expertise (tech debt).
Noyes Applied sciences — Germany
Noyes Applied sciences’ modular, nearly Ikea-like product supplies prospects throughout all sizes entry to reasonably priced, maintainable and extremely scalable automated shelving items.
Antoine Veret, associate at Breega
Breega invests in pre-seed to Collection A startups throughout Europe and the UK
Cook dinner-e — France
Cook dinner-e has developed a modular cooking robotic for skilled kitchens, which could be put in in any kitchen configuration. It weighs, mixes and cooks varied dishes then cleans itself after every cycle. The startup got down to clear up the rising employees scarcity downside within the meals companies business.
Grayscale — UK
Grayscale AI is utilizing neuromorphic computing and AI — which mimics human sight — to combine into absolutely autonomous robots. Its software program can be utilized for autonomous driverless AI that reacts sooner to pedestrians, cyclists and buildings.
Keybotic — Spain
Keybotic’s four-legged robots perform industrial inspections on harmful websites and supply 3D mapping of services with out human intervention. The startup’s purpose is to extend employee security and scale back environmental affect issues related to course of business firms.
Robeauté — France
Robeauté is a medtech startup growing a 1.8mm micro-robot to diagnose and handle mind illness, with minimal invasiveness. The robotic navigates the mind in 3D actions, amassing correct information to tell therapeutic intervention in real-time. It may be notably useful in growing deep mind stimulation electrodes, which deal with Parkinson’s illness and tremors.
Christian Noske, associate at NGP Capital
NGP Capital backs early-stage B2B firms from Collection A onwards in Europe, the US, Israel and China inside enterprise software program, industrial tech, cybersecurity and infrastructure.
Robco — Germany
Industrial robotic arm options used to solely be out there to giant enterprises, however firms like Robco are offering easy-to-assemble, lower-cost options for small and medium-sized companies (SMEs). Its modular end-to-end robotic resolution can be utilized to automate repetitive handbook duties.
fruitcore robotics — Germany
Fruitcore robotics additionally supplies versatile robotic arm options for SMEs, however focuses on extra reasonably priced, lower-maintenance options. Its robotic, named HORST, automates handbook pick-and-place duties.
Aerones — Latvia
Aerones supplies a robot-enabled wind turbine upkeep and restore service. It makes use of patented expertise to advertise predictive upkeep of generators even at excessive wind-speeds, maximising their effectivity and decreasing working prices. As wind vitality will increase globally, defending these capex-rich investments will probably be an important a part of vitality effectivity.
Dexory — UK
Dexory’s autonomous robots present real-time information for stock administration in warehouses. It goals to take away the issues warehouses face in quantifying and finding gadgets, a time-consuming process liable to human error.
