Smart Robotics completes successful investment round

Amsterdam, the Netherlands – 6th of November 2019 – Smart Robotics, a leading developer of pick & place solutions has announced today that it has secured a substantial investment to accelerate product roll-out in a round led by Dutch high-tech venture capital fund Innovation Industries and Mirai Creation Fund || backed by Toyota Motor Corporation as a key limited partner.

Smart Robotics’ AI-based software platform enables the rapid deployment of pick & place solutions in markets such as e-Commerce, Pharma and Food. Through Smart Robotics’ software platform, their pick & place solutions can be easily configured and programming is no longer required. As a result, the system can be set-up in a matter of minutes and can be easily reconfigured in the field if required. The investment will be used to accelerate the roll-out of Smart Robotics’ palletizing and item picking applications as well as for the development of new software applications.

“We are excited to have Innovation Industries and Mirai on board as investors. Both parties bring valuable experience in scaling up a high-tech company to the table,” says Mark Menting, Founder and Managing Director of Smart Robotics. “This investment enables Smart Robotics to maintain its leadership position in cobot software.”

Nard Sintenie, General Partner at Innovation Industries adds: “Smart Robotics is at the forefront of robotics, a field that is developing rapidly. We are pleased with the addition of Smart Robotics to our portfolio and look forward to help the organization further strengthen its position and accelerate its commercial rollout.”

Masatoshi Fukami, Representative Director, Executive Deputy President of SPARX Group as General Partner of the Mirai Creation Fund comments: “We are delighted to be part of Smart Robotics, who is at the forefront of technology with its cobot software platform. We look forward to working together with the management team on scaling up commercially.”