Great news: our first VC round
As you may have already noticed in recent Press, we are delighted to announce that we have just closed our first VC funding round of $2.5M. The round was led by Kindred Capital and Capnamic Ventures. We are now at $6M considering the funding awarded by the European Union’s Horizon 2020 research and innovation programme. Innovate UK and accelerators such as Robot Union and GENIUS NY have also funded and supported the growth of our company.
This is an exciting time for us at BotsAndUs as it reflects the increasing demand for automation and robotics. This is why, with the newly invested capital, we intend to grow our team, accelerate robot deployments and explore new products and services.
Kindred Capital says: “We've been following BotsAndUs' progress over the past few years and have been very impressed with the founders’ ambition, innovative approach and ability to build a fantastic team around their mission. Their pioneering robotics and AI products are at the forefront of a much needed next wave of automation - bringing robots out of factories and warehouses so they can make an impact on businesses operating in a variety of indoor, crowded, public spaces.” (Russell Buckley, Partner)
Capnamic Ventures says: "The founders have a truly bold vision with the potential for massive impact. They have gathered great talent and this amazing team is equipped with all the necessary skills to develop and commercialise their innovative technology to gather and analyse real-time data in dynamic public spaces. We are very excited to support BotsAndUs in establishing and nurturing partnerships with Europe's biggest brands." (Jorg Binnenbrucker, Partner)
We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value. We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it.
Thank you to everyone who has been supporting us in our fantastic journey so far!