Coboworx receives 4.5 million euros

The robotics startup was able to close a seed funding round. The money comes from Picus Capital, among others.

Picus Capital, the investment company of Alexander Samwer, and the technology holding Team Global lead a financing round of Coboworx. The start-up was thus able to raise 4.5 million euros, as the Handelsblatt reports. Also participating, according to the report, were Paua Ventures as well as business angels such as Rubin Ritter of Zalando and Florian Huber of website domain provider united-domains.

Coboworx was founded in 2019. The start-up wants to help small and medium-sized companies with automation and relies on so-called cobots and lightweight robots to do so, which are intended to support employees. To do this, it develops ready-made robotic cells that are supposed to be easy to install. Within two business days of their request, companies would receive an initial analysis of whether robots could help, the startup promises on its website. "In ten years, a robot will be what the smartphone is today," co-founder Olaf Gehrels tells Handelsblatt.