Constance, Germany-based startup Fruitcore Robotics has announced a €23 million Series B funding round for its industrial robotics and automation business.
A robust, affordable and easy-to-use industrial robot. With this seemingly simple business concept, German robotics company fruitcore robotics is invigorating the robotics sector. These intelligent and ingenious technical aspects make this exceptional price-performance ratio possible.
The stakes in the industrial robotics and automation sector are rising as a result of the emergence of next-wave communications such as 5G, NB-IoT and others. European rivals to fruitcore robotics include Denmark’s Mobile Industrial Robots, which is collaborating with Nokia to leverage private 5G in industrial automation applications. US autonomous test equipment manufacturer Teradyne has just acquired this particular robotics company.
Fruitcore hopes to reach smaller industrial operators who might be hesitant to spend six figures to install automation, even if larger manufacturers are more inclined to invest in robots. The startup was founded in 2017 and has since commercialised its core robotic system optimisation technology. The company’s core platform consists of industrial-grade robots managed by software created to automate various manufacturing activities. Fruitcore’s offering provides an end-to-end solution by combining IoT connectivity protocols, maintenance and smart camera peripherals.
More than 60 industrial customers in DACH and Italy use the HORST platform. It is characterised by low start-up costs, fast implementation and easy customisation. Costs for generalised automation systems can be as low as $80,000, while peripherals for specific applications can be as high as $150,000. Fruitcore plans to capture a significant share of the European market by the end of 2023, so the Series B money has been dedicated to product innovation, sales and marketing, and international growth.
Patrick Heimburger, Chief Revenue Officer of Fruitcore Robotics, believes that the company’s growth is only just beginning. For unloading manufacturing stocks from vehicles and packing outgoing goods, HORST-powered robots can operate autonomously. In addition, they can transport many stamped, machined and turned production components.
Heimburger, said: “We are convinced that with our HORST “digital robot” we are one of the game changers.
If you require more information, please don’t hesitate to contact us: we will be ready to help you.