Fruitcore Robotics closes $20M Sequence A



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Fruitcore Robotics developed the HORST product line of commercial robotic arms. | Picture credit score: Fruitcore Robotics
Germany-based Fruitcore Robotics closed a $20 million Sequence A spherical of funding. The spherical was led by UVC Companions, btov Companions and CNB Capital. The corporate intends to make use of the funds to develop its European presence and lengthen its digital providers.
Based by Jens Riegger, Patrick Heimburger, Tim Schmiedl, Manuel Frey and Tobias Kuentzle, Fruitcore Robotics leverages HORST (Extremely Optimized Robotic Techniques Expertise), a system that makes use of clever software program and modern mechatronics to offer robots that are already automating a number of hundred completely different functions in ten industries.

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 group acquired the EXIST-Gründerstipendium for prime startup tasks, a startup funding from the federal authorities and the EU, and based fruitcore robotics GmbH in Could 2017.
Since then, the corporate has grown to greater than 80 workers and two places. Along with the headquarters in Constance, a manufacturing web site in Villingen-Schwenningen was opened in Could 2020. fruitcore robotics develops and produces the HORST robotic techniques in Germany. The portfolio contains three robotic fashions with reaches of 600, 900 and 1400 millimeters and payloads between 3 and 12 kilograms.