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Fruitcore Robotics introduced in 23 million euros, over $24 million, in Series B funding final week. Fruitcore Robotics presents a line of commercial robotic arms that make the most of the corporate’s Highly Optimized Robotic Systems Technology (HORST).
“With the closing of our Series B financing, we are again a big step closer to our goal of making robotics and automation solutions accessible to the masses. We see that the demand for high-quality and easy-to-use robots in the market is steadily increasing. Therefore, we will use the new capital primarily to serve the demand for our robotics and automation solutions as well as digital products in the European market,” Jens Riegger, Managing Director (CEO) and co-founder of Fruitcore Robotics, stated.
The firm 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 house nation in addition to in Austria, Switzerland and Italy. Fruitcore Robotics hopes it could possibly develop into extra of the European market by the tip of 2023.
Fruitcore Robotics goals to maintain the boundaries 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 firm additionally presents the HORST600 lab robotic system that’s particularly designed for pharmaceutical and chemical enterprises in addition to for laboratory and analysis services.
“We are still at the beginning of the robots’ growth trajectory, especially in medium-sized businesses, and we are convinced that with our ‘digital robot’ HORST we are one of the game changers and thus a driving force for the broad use of robots in the manufacturing industry. We would like to thank our investors for the trust they have placed in us,” Patrick Heimburger, Managing Director (Chief Revenue Officer) at Fruitcore Robotics, stated.
The firm 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 area, the primary HORST prototypes had been produced in 2016. The crew obtained the EXIST-Gründerstipendium for prime startup tasks, a startup funding from the federal authorities and the EU, and based Fruitcore Robotics GmbH in May 2017.
Fruitcore Robotics’ final funding spherical was in 2021, when it introduced in $20 million in Series A financing.