Construction Technology Startup KEWAZO Raises $5 Million Series A Funding From True Ventures To Scale Robotic Fleet In The $50 Billion Scaffolding Industry
Summary
"Were excited to have found a partner in True Ventures that understands our vision of bringing robotic technology to the construction industry," said Artem Kuchukov, CEO of KEWAZO. KEWAZO has completed more than 40 pilot and test projects, and has delivered robots to major customers like Bilfinger, a leading European industrial service provider, on oil and gas sites in Germany. "We have tested LIFTBOT during ongoing operations and immediately recognized the potential of the solution," said Alexander Brod, branch manager of Bilfinger Arnholdt in Gelsenkirchen. "So many aspects of the construction industry stand to benefit immensely from robotic intelligence and RaaS offerings," said Puneet Agarwal, partner at True Ventures. Alongside the robotic system, KEWAZO provides its customers with a data analytics solution, enhancing higher levels of transparency and better project management.