Picture credit: KEWAZO
Munich-based KEWAZO, a building robotics firm, introduced on Tuesday that it has raised €10M in a Sequence A spherical of funding led by Fifth Wall. Cybernetix Ventures, Unorthodox Ventures and Nemetschek additionally participated within the spherical.
Present buyers True Ventures and MIG Capital AG additionally contributed. The announcement comes over an 12 months after elevating €4.2M in a Pre-Sequence A spherical of funding in September, 2021.
The most recent spherical raises the full funding to $20M (roughly €18.4M).
“We now have a wonderful group of companions coming collectively that may allow us to maintain constructing a number one firm in building robotics,” states Artem Kuchukov, CEO and co-founder of
KEWAZO. “This inflow of capital will propel us to develop our refined robotic fleet throughout Europe and North America, enabling us to construct our extra digital providers.”
KEWAZO: What it is advisable know
Based by Alimzhan Rakhmatulin, Sebastian Weitzel, Eirini Psallida, Ekaterina Grib, Leonidas Pozikidis, and Artem Kuchukov in 2018, KEWAZO is digitising the development business with robotics and knowledge analytics.
The German firm has developed a wise robotic elevator, – LIFTBOT, for industrial and building websites, with the primary utility focus being scaffolding meeting.
KEWAZO says that 80 per cent of tasks, on the subject of constructing or dismantling scaffolding, are accomplished manually. LIFTBOT makes meeting environment friendly and saves 70 per cent of man-hours, addressing the crucial labour scarcity and threat of accidents on-site.
With few changes, LIFTBOT can be utilized in extra duties reminiscent of insulation, portray, and different on-site materials transport. On the identical time, LIFTBOT additionally collects operational knowledge, processes it, and gives it as an actionable perception by means of the information analytics platform.
It assists in planning and bettering profitability, and clients profit from sooner, extra predictable tasks, claims the corporate.
Fifth Wall
Fifth Wall is a Licensed B Corp enterprise capital agency centered on expertise for the worldwide actual property business.
The VC has roughly $3.2B in commitments and capital underneath administration. Fifth Wall is backed by a world mixture of greater than 100 strategic restricted companions (LPs) from greater than 15 international locations, together with BNP Paribas Actual Property, British Land, CBRE, Cushman & Wakefield, Hilton, Host Accommodations & Resorts, and amongst others.
“Labour scarcity continues to be probably the most acute problem going through the development business at the moment,” says Miguel Nigorra Esteban, Associate at Fifth Wall. “Artem and his complete group at Kewazo are laser-focused on fixing this head-on, bringing much-needed automation and robotics to the trillion-dollar building business. We’re thrilled to be part of their category-defining development.”
“I feel it is extremely helpful that corporations like KEWAZO are disrupting our enterprise. We can have issues find and preserving good personnel – this can be our most important focus within the coming
years and many years. These improvements are very useful in attracting and motivating our coworkers and assist us to offer our clients with cost-effective and secure providers,” says Bart Gyssels, Chief Innovation Officer at Altrad Companies Benelux.
