Swiss robotics company Anybotics recently announced that it has received an additional US$60 million in Series B financing, bringing the total to US$110 million, marking the company's continued success in the field of industrial automation. This financing occurred only 18 months after the previous round of US$50 million in financing, reflecting the huge confidence of investors in its autonomous inspection robot Anymal. With its advanced sensor and camera technology, Anymal can effectively monitor industrial environments, perform preventive maintenance and improve production efficiency, significantly reducing the risk of industrial accidents.
Swiss robotics company Anybotics recently announced that it has received an additional US$60 million in Series B financing, bringing the total Series B financing to US$110 million. This comes just 18 months after the company first announced it had secured $50 million in Series B funding.
Anybotics was spun off from ETH Zurich in 2016 and focuses on the development of a four-legged autonomous inspection robot called Anymal. Anymal is equipped with a variety of sensors and cameras that can be used to monitor equipment in industrial environments, including tracking thermal anomalies for preventive maintenance and detecting the presence of flammable gases.
Anybotics co-founder and CEO Dr. Peter Fankhauser said: “Anybotics was designed to solve the challenges of performing routine inspections in complex and hazardous industrial environments. By automating these tasks, we can minimize human exposure to hazards. or the risk of hard-to-reach areas, reducing downtime through more frequent inspections and higher coverage, and streamlining maintenance processes to increase productivity and operational reliability.”
The Zurich-based startup said it has doubled sales since closing its first Series B round 18 months ago and now has nearly 100 deployments in the oil and gas, mining, power, utilities and metals industries. 200 robots. Its customers include Novelis (aluminum rolling and recycling company), Iamgold (gold mining company), Stelco (steel manufacturing company) and Stanford University, which uses Anybotics for "advanced research purposes."
Fankhauser explains: “The number of robots deployed by our customers ranges from one to fleets of more than 10 robots, with the largest customer orders approaching 20 robots. With many industrial customers operating more than 100 factories around the world, each It is possible to deploy multiple Anymal robots in any factory, and fleet orders are becoming more common.”
Since its founding, Anybotics has raised $130 million. With this new infusion of $60 million, the company will be well-funded to drive its expansion into the U.S. market, having already opened an office in San Francisco. Notably, Anybotics has chosen to label this latest investment as a continuation of a funding round from 18 months ago, rather than calling it a Series C round. This has to do with how the company plans to use the funds.
Fankhauser said: “The Series B round is focused on expanding our core business globally, including expansion in the United States. The Series C round will focus on broader growth, expanding our product portfolio into new applications and industries. "
In other words, we'll likely see the next infusion be larger, although that's unlikely to happen before 2026.
This extension of the Series B round was co-led by new investors Qualcomm Ventures and Supernova Invest. A number of new and existing investors also participated, including Bessemer Venture Partners, Nokia-backed NGP Capital, Swisscanto, Swisscom Ventures, TDK Ventures and Walden Catalyst.
The successful financing and market expansion of Anybotics indicates that the field of industrial automation will usher in a more prosperous future. Anymal robots are expected to play an important role in more industries, improve efficiency and ensure safety.