Olis Robotics, a Seattle, WA-based company which specializes in remote monitoring, control, and error recovery technology for industrial robots, raised $4M in funding.
The round was led by PSL Ventures. Additional investors included Tectonic Ventures, Ubiquity Ventures, as well as angel investors, including Daniel Theobald. In conjunction with the funding, T.A. McCann, partner at PSL Ventures, who joins Olis Robotics’ Board of Directors.
The company intends to use the funds to add support for additional robot brands, to expand partnerships with robot system integrators in North America and to develop new software products.
Led by CEO Fredrik Ryden, Olis is a spinoff from the University of Washington providing industrial telerobotic solutions. Its Connect system allows a user to monitor, diagnose, and remotely control robots from anywhere. Once the plug & play device is installed and secure remote access has been configured, users can monitor and manage their automation remotely from anywhere via any browser-capable device. If a problem occurs with the robot, Olis Connect sends out an alert via a secure connection to the user’s device all without connecting to the cloud. Users can then use the system to remotely perform error recovery actions such as releasing its grip on a part or moving the robot from its error position.
Three cameras provide low latency monitoring of the entire cell, enabling 24/7 measurement of Key Performance Indicators such as OEE and instant, on demand video replay to forensically diagnose the root cause of any error.
Olis Connect is controlled directly in a web browser and delivered on an edge-hosted PC that can be quickly connected to both brand new and legacy industrial robot arms and robotic cells. The system works across robot brands, with Olis Robotics currently providing full support for robots from Universal Robots and FANUC.
FinSMEs
12/08/2023