Funding

[Funding alert] Stuttgart-based Assemblio Secures €2.1 Million in Seed Funding

Feb 28, 2024 | By Startup Rise EU

Stuttgart-based Assemblio secures €2.1 million in funding. LEA Partners is the primary investor, with additional business angels, Mätch VC, Cross Atlantic Angels, Integra, and Silver Scale also participating.

Stuttgart-based Assemblio secures €2.1 million in funding. LEA Partners is the primary investor, with additional business angels, Mätch VC, Cross Atlantic Angels, Integra, and Silver Scale also participating.

The investment association is emphasising how businesses across all industries are entering a new phase of assembly planning. There are more than 150,000 industrial enterprises with in-house product development in the DACH region alone.

For over three decades, the state of the art has remained stagnant. An huge difficulty facing businesses in the mechanical engineering, automotive, and medical technology sectors is manual assembly planning that is labor-intensive, expensive, and time-consuming.

Read also - London-based KLIQ Secures €1.4 Million in Pre-Seed Funding

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Dr. Alexander Neb, CEO of Assemblio said, The Assemblio team plans to use the fresh capital to expand further and drive forward product development. The big goal is to make assembly processes easier, faster, and more cost-efficient. “Our focus is on simplicity, and we strive to make company integration as straightforward as possible. That’s why we are passionate and energetic about actively shaping the future of assembly planning,”.

An AI-based software solution for assembly planning that saves time and money is provided by Assemblio. Its Assembly Information Models actively contribute to cost reduction by cutting the planning time from weeks and months to a matter of minutes. Numerous significant industrial clients, like Krones and Bosch, have already been persuaded by this. The series seed is being invested in by a number of prominent investors.

Read also - Manchester-based ESProfiler Secures £2.8 Million in Seed Funding

In late 2023, the Stuttgart-based Startup Assembly, headed by Alexander Neb, Jens Popper, Florian Strieg, and Greg Rauhöft, had its market debut at the Motek assembly trade event.

Large enterprises and medium-sized industrial companies currently utilise the Assembly Composer software product, which automatically generates assembly blueprints in many formats like PDF or video and interactive 3D step-by-step instructions as an assistant.

Nils Seele, Partner at LEA Partners, added: “Assemblio’s product speaks for itself. Generating assembly plans in minutes instead of weeks is a game changer for every manufacturing company. We are delighted to support the team in their mission.”

Jens Horstmann will be the first team member to join the advisory board. With over 35 years of Silicon Valley experience, he comented the international potential: “The powerful potential of Assemblio’s revolutionary deep tech and almost unlimited application possibilities calls for rapid expansion into the US market! Our international team is already working on this and will set important milestones this year!”

About Assemblio

Planning an assembly in minutes as opposed to weeks their mission at Assemblio is to revolutionise assembly planning. They provide you with the first software that can plan your assembly intelligently and use that information to create completely automatic production assistance systems.

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