German startup Unchained Robotics secures €5.5 million in funding. The new €5.5 million of capital will continue to fuel their global expansion and deepen their services and partnerships.
Future Industry Ventures, Teklas Ventures, vent.io, and existing investors including well-known business angels in the industry are backing Unchained Robotics’ mission to unlock the future of economic growth and automated manufacturing.
Unchained Robotics aims to use the investment to expand its sales and services, and to serve the booming demand for its new MalocherBot into a wider range of applications.
Mladen Milicevic, Co-Founder of Unchained Robotics said, “With the MalocherBot, we have created a unique product that not only makes plug & play automation possible but is already in use worldwide after just a few weeks. Thanks to our software platform, the MalocherBot can automate common manual processes in logistics and metalworking in just a few hours. With our online platform, we have proven that the search and selection for automation can be made easier, faster, and better. With the MalocherBot, we are now showing that every factory in the world can use robotics and automation,” Unchained Robotics is an independent platform that enables anyone to find the right automation technology for their company’s manufacturing processes. In addition to individually configurable solutions, the Paderborn-based start-up also offers complete solutions that are already being used worldwide and have now attracted global interest. This creates offers that are also financially affordable for SMEs and can be easily implemented in the production process.”
Robotics and automation technology is one of the key technologies for the German, European, and global economies to remain competitive in the future. Robotics can provide support and compensate for the lack of skilled workers.
The new investment round was actively supported by existing investors BORN2GROW, Archimedes New Ventures, and the OWL technology fund managed by EnjoyVenture. Thomas R. Villinger, Managing Director and founder of Zukunftsfonds Heilbronn & BORN2GROW
Mladen Milicevic, co-founder of Unchained Robotics, is delighted: “We have gained a great mix of experience from SMEs and industry with an international footprint. We will work together to ensure that every factory in the world has searched, found, and integrated the right robot with Unchained Robotics.”
About Unchained Robotics
Unchained Robotics is an independent platform for automation technology for manufacturing processes in companies. The technology start-up from Paderborn is a problem solver for the German economy because it opens up automation technology and robotics to everyone.