Robotiq.ai secures over 1M € in seed round funding
May 10, 2021
Besides the invested 900k € in the financing, this collaboration will open opportunities for implementation of Robotiq.ai technology within the J&T Group. Financing will be used to enter new markets, scale the sales and marketing efforts.
Additionally, our application to the EU Eurostars program was evaluated positively, and together with Slovenian partner CRMT, we will receive 190k € funding. This 2-year R&D project aims to develop advanced AI capabilities that will enable software robots to be more efficient and robust.
“Robotic automatization of processes concerns each company in every industry. Robotiq.ai offers a solution that is extremely easy to implement and thus easy to employ even in small and medium enterprises (SMEs), which tend to be overlooked by the bigger players. The team behind Robotiq.ai also has the drive and executive abilities that are key necessities to have for a start-up at this stage. We strongly believe that Robotiq.ai will become a relevant player on the global scale in targeted sectors,” said David Polach, Investment manager at J&T Ventures.
More about J&T Ventures:
J&T Ventures is a venture capital fund that manages 47 million EUR and invests in promising technological companies, in both early and more advanced development stages, with investments of up to 2.5 million EUR. Geographically, J&T Ventures aims at CEE and SEE regions, Northern Europe, and the Baltic states. To date, the company has invested in 19 projects from four countries, mostly in the IT, Travel, Retail, Fintech, Proptech, Healthcare, and Smart City industries. It has also recently successfully exited two projects