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Fruitcore Robotics introduced in 23 million euros, over $24 million, in Sequence B funding final week. Fruitcore Robotics presents a line of commercial robotic arms that make the most of the corporate’s Extremely Optimized Robotic Programs Expertise (HORST).
“With the closing of our Sequence B financing, we’re once more an enormous step nearer to our objective of creating robotics and automation options accessible to the plenty. We see that the demand for high-quality and easy-to-use robots out there is steadily growing. Subsequently, we’ll use the brand new capital primarily to serve the demand for our robotics and automation options in addition to digital merchandise within the European market,” Jens Riegger, Managing Director (CEO) and co-founder of Fruitcore Robotics, mentioned.
The corporate plans to make use of the funding to speed up product innovation, gross sales, advertising and marketing and worldwide enlargement. The Germany-based firm has operations in its dwelling nation in addition to in Austria, Switzerland and Italy. Fruitcore Robotics hopes it may possibly increase into extra of the European market by the tip of 2023.
Fruitcore Robotics goals to maintain the obstacles to automating low by offering low funding prices, quick implementation, intuitive programming and excessive efficiency. It presents a line of three industrial robots, the HORST600, HORST900 and HORST1400, in addition to software program packages to run the robots. The robots can deal with payloads between 3 and 12 kilograms (6.6 – 26.5 lbs) and have reaches of 600, 900 and 1400 millimeters (23.6″, 35.4″, 55.1″).
The corporate additionally presents the HORST600 lab robotic system that’s particularly designed for pharmaceutical and chemical enterprises in addition to for laboratory and analysis amenities.
“We’re nonetheless at first of the robots’ progress trajectory, particularly in medium-sized companies, and we’re satisfied that with our ‘digital robotic’ HORST we’re one of many recreation changers and thus a driving power for the broad use of robots within the manufacturing trade. We want to thank our traders for the belief they’ve positioned in us,” Patrick Heimburger, Managing Director (Chief Income Officer) at Fruitcore Robotics, mentioned.
The corporate originates from a spin-off of the HTWG Konstanz (Hochschule Konstanz Technik Wirtschaft und Gestaltung). After analysis work by Riegger and Frey within the robotics discipline, the primary HORST prototypes have been produced in 2016. The staff obtained the EXIST-Gründerstipendium for top startup tasks, a startup funding from the federal authorities and the EU, and based Fruitcore Robotics GmbH in Might 2017.
Fruitcore Robotics’ final funding spherical was in 2021, when it introduced in $20 million in Sequence A financing.
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