Fruitcore Robotics

Andrea Gillhuber | Andrea Gillhuber,

Financing round with 17 million euros

The startup Fruitcore Robotics has raised 17 million euros in a Series A financing round. The capital comes from three venture capital firms.

Fruitcore managing directors Jens Riegger (left) and Patrick Heimburger.

© Fruitcore Robotics

Robotics is expensive and complicated. Fruitcore Robotics has been countering these prejudices since it was founded: With HORST (Highly Optimized Robotic Systems Technology), the Constance-based start-up has developed a robot system that overcomes these hurdles using intelligent software and innovative mechatronics. The software maps the entire application using a digital twin. The powerful and inexpensive robot transfers the application 1:1 into reality.

New capital for digital services

Following its market launch around two years ago, the start-up is now receiving a new boost from the current Series A financing round of EUR 17 million, led by the early-stage venture capital company UVC Partners and supplemented by both the btov Industrial Technologies Fund and the private investor network of btov Partners as well as CNB Capital (Constantia New Business GmbH), a European technology investor with a long-term focus. To date, fruitcore robotics has been accompanied by a business angel, who will continue to support the company. "Fruitcore Robotics has developed the best end-to-end solution in the robotics sector and it comes from a single source," explains Benjamin Erhart from UVC Partners. Robert Gallenberger from btov Industrial Technologies Fund adds: "The integrated approach of hardware and software innovation paired with the broad benefit for the customer makes fruitcore robotics a highly interesting investment for us."

The deep tech company plans to use the new capital to expand its European presence and extend its digital services. "A robot alone cannot automate an application; it requires an intelligent linking of various components such as grippers, CNC systems or safety systems. With our software, we are networking these components more closely than has previously been the case in the industry, making the entire application intuitive to use, digital and affordable," says Fruitcore Managing Director Jens Riegger. "We have already taken the first step in this direction with the launch of our IoT platform horstCOSMOS.com."

Advertisement
  • Xing Icon
  • LinkedIn Icon
Advertisement
Advertisement

You might also be interested in

Advertisement
Advertisement
Advertisement
Advertisement

Fruitcore

A robot called Horst

The aim when developing Horst was to create a robot solution that is simple both mechanically and in terms of software and that is specially tailored to the needs of small and medium-sized companies. What is behind this?

read more...
Advertisement
Advertisement
Advertisement
Subscribe to our newsletter
Advertisement
Back to home