ICA closes CHF 1.2 million financing round, to give robots a sense of touch and enable autonomous learning | HTGF
Summary
The raised funds will allow the EPFL spin-off to expand its library of applications and deploy its solutions internationally.Lausanne, Switzerland, 8 March 2023 The Lausanne-based EPFL-Spin Off from the LASA, which aims to make robotics accessible to companies of all sizes, announces the completion of its financing round this February 2023. Currently active in Switzerland and Germany, with its main customers from the automotive industries, the startup is expanding to other countries and market segments (medtech, food processing). To illustrate, it can be activities such as the manipulation of heavy material, or the handling of chemicals, or other tasks where human physical and mental health is at risk.The AICA team is enthusiastic about the new challenges and the chance to focus on their objective of offering flexible and cost-effective robotized solutions to SMEs. However, with the solutions provided by the startup, SMEs can automate redundant, dangerous, and non-value-adding parts of their manufacturing lines, allowing human labor to focus on productive activities. Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.