Inovo Robotics
Manufacturer of low-cost, modular robotic arms designed to automate a wide variety of repetitive tasks in manufacturing and research applications.
- Cohort
- Spring 22
- Sector
- Industrial & Manufacturing
- Invested
- 2022
What they do
The company's robotic arms integrate with a set of modular components, allowing users to easily configure a robot for initial application and reconfigure it for different applications whenever the requirements change. This enables manufacturing, research and education industries to simplify repetitive, hazardous, or precise tasks and reduce the cost of production.
Product & technology
The robotic arms can be used to automate a variety of repetitive tasks in manufacturing and research applications, as well as providing a great tool for education. The range of plug-and-play modular components enable you to assemble an affordable and capable system specifically to suit your needs, and the intuitive software guides configuration even if they don't have previous experience working with robotics.
Demo
Why we invested
- →Robots address labour capacity limitations in European manufacturing. The robot market is growing 4x faster than the overall robot market*
- →First generation robots are expensive to integrate. Integration is up to 60% of total robot cost of deployment
- →The simplification of the deploy and redeploy process could be the enabler of rapid growth in this market
- →Strong founding team – Young but high potential
