MOV.AI, a Tel Aviv, Israel-based startup providing Autonomous Mobile Robots (AMR) software, raised $8.2M in funding.
The round was led by Bowe Group. Joachim Koschier, Bowe Group Managing Director, and Mike Swift, Managing Director of Red Ledge North America, will be joining the MOV.AI board of directors. Other backers included State of Mind Ventures, NFX, and Viola Ventures.
The company intends to use the funds to accelerate product delivery, meet the demand of customers, and engage with the ROS developer community.
Led by CEO Motti Kushnir, MOV.AI provides a Robotics Engine Platform that changes how AMRs are built, separating software from hardware and offering both AMR manufacturers and automation integrators the enterprise-grade tools they need for advanced automation. The Robotics Engine Platform helps AMR manufacturers quickly develop and differentiate their robots. Automation integrators can deploy in days, and ensure secure, uninterrupted operation in constantly changing business and operational environments.
The company is also based in Augsburg, Germany and Lisbon, Portugal.
FinSMEs
09/11/2022