Construction robotics firm Cavazo raises $10 million
Summary
Certainly it clearly checks off the three Ds (dull, dirty, dangerous) of automation.We met Cavazzo several years ago when the Munich-based startup participated in a TC session: Robotics Pitch-Off. Cavazo, like many construction robotics firms, got a nice boost during the pandemic as construction resumed, but many companies suddenly had trouble filling roles.Despite the pre-existing labor shortage, it became impossible for foreign workers to travel and return to their home countries, co-founder and CEO Artem Kuchukov tells TechCrunch. It follows a $5 million pre-Series A in September 2021.I find it very helpful that companies like Kewazo are disrupting our business, Bart Gysels, CIO of Altrad Services Benelux, said in a release accompanying the news. Some of my fellow founders suggested to wait till the increments fall, but we decided not to rely on the volatile economic situation in the world.There is an increase in headcount in money schemes. Cevazo currently employs 26 full-time and 11 part-time employees and plans to hire another 15 this year, largely in merchandising and product development.