Robart, a Linz, Austria-based technology company which has developed autonomous AI for the consumer mass market, secured a €6.1M Series B funding round.
The round was led by CM-CIC Innovation, a capital holding company of the Crédit Mutuel CM11 group in France, with participation from existing investors Innovacom, Robert Bosch Venture Capital and SEB Alliance. In conjunction with the funding, Stéphane Simoncini from CM-CIC Innovation, will join Robart’s board of directors.
Led by Michael Schahpar, Founder and Commercial Director, and Harold Artés, Founder and Technical Director, Robart develops IoT connected systems for artificial intelligence and navigation, which make household robots act and navigate intelligently, as well as understand their surroundings and adapt to any changes that may take place between uses.
By focusing on development and IP, the company provides international brand name customers with AI control units for household robots.
Major international brands are using Robart’s technology to create consumer robots with Smart Home functionality.