Wandelbots, a Dresden, Germany – based developer of a ‘no code’ robot teaching platform, raised $30M in a Series B funding.
The round was led by 83North with participation from M12 – Microsoft’s venture fund and Next47 and prior investors Paua Ventures, EQT Ventures and Atlantic Labs, as well as Haniel and Alexander Rinke (CEO Celonis).
The company intends to use the funds to accelerate time-to-market for TracePen and expand globally.
Established in 2017 by Christian Piechnick, CEO, Wandelbots has developed a technology platform that enables non-programmers to train industrial robots around the world to complete precision tasks. Its ‘no code’ handheld teaching device TracePen lets humans teach robots how to perform complex industrial tasks. Customers range from large corporates like Volkwagen, BMW and Infineon to a wide range of small and medium-sized Enterprises from any industry. Wandelbots evolved from the Faculty of Computer Science of the TU Dresden.
FinSMEs
16/06/2020