Kewazo, a Munich, Germany-based construction robotics company, raised $10M in Series A funding.
The round was led by Fifth Wall, with participation from Cybernetix Ventures, Unorthodox Ventures, Nemetschek, True Ventures and MIG Capital AG.
The company intends to use the funds to expand its robotic fleet across Europe and North America, and build out its additional digital services.
Led by CEO Artem Kuchukov, Kewazo both automates and digitizes the on-site material flow via robotics and unmatched data analytics. The company’s initial product, LIFTBOT, an intelligent robotic hoist for construction and industrial sites, is empowered by data analytics platform ONSITE. Since 2021, a dozen LIFTBOTs have been active in Europe’s iconic construction sites and leading industrial plants in the oil, gas, energy and chemical industries, including with key industry names Bilfinger & Altrad. By being involved in critical on-site activities, LIFTBOT collects key operational data. This data is then processed and provided to customers as actionable insights via the data analytics platform. This enhances transparency of what happens on-site at construction sites and industrial plants, leading to a multitude of advantages, including data-driven and proactive project management.
FinSMEs
26/01/2023