Inbolt - Inbolt raises €15 million to make industrial robots smarter with AI
Summary
Existing investors MIG Capital (Germany), SOSV (US), and BNP Paribas D\xe9veloppement (France), are also investing in the round, taking the total raised by the company to 20 million.The Paris-headquartered startup makes production lines more efficient and precise, with its 3D vision system boosted by artificial intelligence. Our collaboration with Exor Ventures and our existing investors will allow us to leverage their expertise and connections with major industrial companies to accelerate our product development and expand our geographic footprint," said Rudy Cohen, CEO of Inbolt.Until now, manufacturers have had to choose between ROI and deployment velocity of automation solutions. Were excited to see how far theyll take this, comments Oliver Kahl from MIG Capital, who led the initial round of financing.Inbolt was co-founded in 2019 by Rudy Cohen, Albane Dersy and Louis Dumas, who met during the MSc X-HEC Entrepreneurs program. For more information, visit www.mig.ag.SOSV is a global venture capital firm that offers multi-stage investment, starting with pre-seed startup development programs designed for founders with breakthrough technologies that address human and planetary health. The SOSV ecosystem spans the globe, with 800+ startups operating in 56 countries and program offices in New York City, Newark, San Francisco, Shenzhen, Pune and Tokyo.BNP Paribas Developpement, a private equity stand-alone subsidiary of the international banking group BNP Paribas, has been investing its equity capital directly for over 30 years to support the development of SMEs and SMIs and ensure their long-term survival by facilitating their transfer, as a minority shareholder with a 2bn AUM.