coboworx funding news – B2B Robotics startup coboworx Raises €11.4Million in Funding

The money will be used to broaden Coboworx's product portfolio, penetrate new markets, and increase the number of robotics specialists and software developers on staff. The business also intends to open an office in Munich at a later date this year.

Among it's clients are major food stores in need of a consistent flow of merchandise. SMEs can begin with customised solutions for individual process steps and grow as needed thanks to the robot system's flexible design. In addition to existing solutions like palletizing and machine loading/unloading, future innovations will include applications for welding, packaging, and material flow in intralogistics.

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There is a severe labour shortage in Germany for jobs that require repetitive motion and physical labour, especially for small and medium-sized enterprises (SMEs). This restriction is mostly the result of the robotics industry's past emphasis on big businesses, which ignored the particular requirements of SMEs. Coboworx offers a platform designed exclusively for SMEs in an effort to address this issue.

Georg Stockinger, Partner at SquareOne, commented on the raise: "With its solution, coboworx operates in a vast, undigitized market that can ultimately only be addressed with an end-to-end solution. Simplicity throughout the entire process—from purchase to deployment, use, and financing—is crucial. The team has not only developed a technological solution but also an attractive rental model that brings it directly into SME production halls with little to no up-front investment. We are excited to continue supporting coboworx on its growth path."

Andy Bender, founder of Northstar Family Holdings, added: "Manufacturing is undergoing a revolutionary change both in Europe and the US. Due to personnel shortages, the market is ready for robotics on demand—made in Germany. coboworx is leading this movement, making complex robotic technologies affordable, accessible and intuitive to use. Their modular platform is more than a solution; it is a catalyst for industrial change with the potential to reshape the global manufacturing landscape."

About coboworx

coboworx, a digital platform for robots, They offer innovative robotic solutions for palletizing, available through their online platform. Their financing solutions such as "Robotics as a Service" ideally complement their product portfolio. They combine the dynamism of a young start-up with the extensive industry experience of our founding team.