Zurich – ANYbotics has increased its capital by $50 million in a Series B financing round. The manufacturer of four-legged industrial robots plans to use the funds to expand internationally and improve the robots’ artificial intelligence (AI)-driven capabilities.
ANYbotics, a spin-off of the Swiss Federal Institute of Technology Zurich, has, according to a Media Release realized a $50 million capital raise in a Series B financing round. The round was organized by Walden Catalyst and NGP Capital cited. Bessemer Venture Partners, Aramco Ventures, Swisscom Ventures, Swisscanto Private Equity, Equity Pitcher Ventures and Verve Ventures as well as existing investors also participated.
With ANYmal, the Zurich-based company has created a robust walking robot capable of performing diagnostic and control functions in laboratories and industrial facilities where human access is difficult or dangerous. ANYmal can perform optical, acoustic and chemical controls. Error messages on systems are sent directly to a control center and maintenance work is triggered. The use of ANYmal increases the operational reliability of plants and reduces maintenance costs. The walking robot is used by companies such as PETRONAS, Shell, Siemens Energy, BASF and Vale were used.
"This funding validates our unique approach to addressing the fundamental challenges of operating complex industrial facilities," Dr. Péter Fankhauser, co-founder and CEO of ANYbotics, is quoted as saying in the release. "With this investment, we will expand internationally and accelerate the development of our robots' AI capabilities, such as in performing maintenance tasks, to revolutionize automated industrial operations." ce/ww