How possible is it to get investors for your startup in a short time?
The Dresden startup Wandelbots can look forward to financing in the millions. The company announces that venture capital investors Paua Ventures from Berlin, EQT Ventures from Stockholm and existing investors are investing six million euros. According to Wandelbots CEO Georg Püschel, the company wants to use the money above all new employees. Their number is expected to grow from the current 20 to 50 next year.
Company founded by employees of the TU Dresden
Wandelbots was founded in November 2017 by employees of the computer science faculty of the TU Dresden. The founders have set themselves the goal of drastically reducing the hurdles in programming robots, and thus master the challenges of the Industry 4.0 era.
Programming without programming knowledge
With their software they also enable people without programming knowledge to program a robot. A sensor jacket simply demonstrates a specific activity and is then internalized by the robot. Especially medium-sized companies, but also large companies can save money. Against the background of the first industrial applications, Wandelbots states that the automation of its software can be up to 20 times faster and 10 times cheaper. One year after its launch, the company works together with automotive and electronics manufacturers such as Volkswagen, Infineon and Midea worldwide.
First office in China
“In the last eleven months, we have grown from two to 22 employees. The industrial use of our technology has been extremely fast. This does not only affect Europe. We are currently in the process of opening our first office in China”says Christian Piechnick, Managing Director of Wandelbots.
Originally published at TheStartupFounder.com.