Toolify Robotics, a Ulm, Germany-based robotics startup, raised €1.6m in seed funding.
Backers included High-Tech Gründerfonds (HTGF), MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH, the investment companies of the Sparkasse Ulm and Biberach as well as robotics solution provider AiCobot.
The company intends to use the funds to expand sales and product development.
Founded by robotics experts Dr. Dennis Stampfer, Dr. Matthias Lutz and Dr. Alex Lotz, Toolify Robotics enables companies, especially SMEs, to implement robots independently with its XITO solution platform, without programming knowledge and without external specialists.
XITO enables users to build their own robotic solution in three steps: plan, buy, start. First, companies start with the planning phase, in which they use the XITO Designer to independently design customized automation solutions based on suitable templates. In the next step, they use the XITO Marketplace to find and purchase all the necessary components for their robotic solution. Finally, equipped with the right components, they use the XITO Builder to set up and commission their automation solution.
FinSMEs
04/03/2024