Start-up gets seed funding for user-friendly robot operating model

January 16, 2019 //By Christoph Hammerschmidt
Start-up gets seed funding for user-friendly robot operating model
Robotics start-up drag&bot GmbH, a spin-off of the Fraunhofer Institute for Manufacturing Engineering and Automation, has completed a seven-digit euro seed financing round. With its software, the young company enables users to program industrial robots without having developer knowledge.

One of the biggest obstacles to the acquisition of industrial robots in medium-sized manufacturing companies, apart from the high investment costs, is usually the lack of skilled personnel for commissioning and programming the robots. The company drag&bot has therefore developed an operating system for industrial robots at the Fraunhofer IPA with which robot programs can be put together from various modules via drag-and-drop. "With drag&bot, robot programming becomes as easy as operating a smartphone," promises Martin Naumann, founder and managing director of drag&bot.

For the further development of the software, the start-up has now received financing in the low seven-figure range - at least slightly more than 1 million euros. The financing round was led by Speedinvest Industry, a venture capitalist from Vienna specializing in industrial technology, and other strategic partners. "We see drag&bot as a great opportunity to make robots accessible for new areas of application in industry and thus to take a significant step forward in the digitalization of industrial production," explains Heinrich Gröller, partner at Speedinvest.

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