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High Tech Series A Founded 2016

German Bionic System

Provider of an exoskeleton system for industrial worker augmentation. The product is named Cray and is designed to reduce lower back compression forces, which supports users in manual handling of goods and tools. The robot works on an open source based cloud software platform that also enables machine learning and AI functionality. The company was founded in 2016 and headquartered in Augsburg, Germany. It has raised…

📍 Augsburg, Germany · Professional Service Robots

Funding snapshot

Last roundSeries A
Amount$16M
Date11 December 2023
Total raised$40M
Team size64

About

Provider of an exoskeleton system for industrial worker augmentation. The product is named Cray and is designed to reduce lower back compression forces, which supports users in manual handling of goods and tools. The robot works on an open source based cloud software platform that also enables machine learning and AI functionality. The company was founded in 2016 and headquartered in Augsburg, Germany. It has raised $39.8M in series a funding, with backing from European Investment Bank, Join Capital, Atlantic Labs, IT-Farm Corporation, and others. The company operates in the High Tech - Professional Service Robots space. The company leverages advanced technology to deliver innovative solutions tailored to its target market, addressing key industry challenges and driving value for its customers.

Business model

Professional Service Robots > Multi Utility > Exoskeleton Robots

Institutional investors

European Investment Bank Join Capital Atlantic Labs IT-Farm Corporation Mubea Benhamou Global Ventures Bayern Kapital Cumberland VC Klein Family Office Kailua Ventures Samsung Catalyst Fund Storm Ventures MIG Fonds MK Venture Capital The Berkeley Group

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