IMSystems raises $3.5M Series A for Archimedes Drive
Summary
Innovative Mechatronic Systems (IMSystems), a Dutch motion control startup, raised a $3.5 million Series A funding round. IMSystems said the funding enables it scale up for mass production via a long-term manufacturing partnership with Linamar.IMSystems claims its Archimedes Drive enables robots to operate smoothly with higher efficiency and precision, increasing the robots production throughput while reducing the energy consumption (lowering the total cost of ownership). To accelerate adoption of the Archimedes Drive, IMSystems designed development kits to make it easy for customers to evaluate the technology first-hand. This strategic partnership is a great collaboration between our two companies in order to pursue the expanding industrial robotics market, said Linamar CEO Linda Hasenfratz. Given the growing global trend of industrial automation and the ongoing demand for better, more accurate robotic systems, we expect to scale quickly.