Tallinn-based 10Lines Raises €1.5 Million in Funding

10Lines' expansion ambitions will be bolstered by this substantial investment, especially in the US market where the firm is already well-established.

10Lines automates line marking tasks using state-of-the-art robotics and artificial intelligence (AI) technology in an effort to transform conventional line marking procedures. With the company's creative solution, manual operations are no longer necessary, offering operators unmatched efficiency and financial savings.

Read also - Poland-based bValue Secures €90Million in Funding

It hopes to benefit from the rising demand for autonomous line marking solutions after making headway in the US market. With the extra funding, 10Lines will be able to develop its software and autonomous robots more quickly, hire more top-notch engineers, and increase its market share in the United States.

James McDougall, Venture Partner at Tera Ventures said: “The 10Lines team is creating its own product category with an ingenious application of AI and Robotics to automate line marking operations. We are honored to support their vision and expand their offering to the rest of Europe and the US.”

Emmanuel Daugéras, investment director at Karista commented: “Investing in 10Lines represents a one-of-a-kind opportunity on a large downstream application of the space ecosystem. Our investment is consistent with our strategy towards building Space Tech leaders of the next decade. We were convinced by 10Lines’s professional team, which combines domain expertise and software start-up experience. In addition to the very strong customer benefits provided by the company’s solutions, the solid business model and large potential market size, this makes for a very promising investment for Karista.”

Venture partner Anti Kodar at Butterfly Ventures said: “We are thrilled to be part of 10Lines journey and invest into their cutting edge robotics technology and shaping the future of pavement marking market.”

About 10Lines

10Lines have over ten years of experience in the parking lot marking business and are well-versed in the difficulties that striping firms encounter. Because parking lot layouts varies and teams consist of people with varying skill sets, managing a striping firm is not always simple. 10Lines creates autonomous robots that consistently do excellent striping jobs. With the help of our robots, your present crew can complete several times as much work.