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To enable small and medium-sized companies to successfully harness the power of robotic solutions.
Implementing robots to enhance production line speed and efficiency can lower the costs tied to inventory and work-in-progress. But, for smaller companies, or those without expertise, it can be a difficult undertaking. Coboworx specialises in simplifying robotic automation for small and medium-sized enterprises (SMEs) - looking to make automation more easy to implement.
The product offering includes a modular and configurable robot system that can be deployed and adapted to various tasks such as palletising, welding and packaging. What sets Coboworx apart is its focus on reducing the complexity and costs associated with robotics. Its rental model allows companies to access advanced robotic solutions without significant upfront investments, making it less risky and more profitable from the start.
Coboworx has secured significant funding cited to expand its team, enhance product offerings and help it to enter new markets. Looking ahead, the company plans to open a new office in Munich and continue developing its modular system to further support SMEs in overcoming labor shortages and improving efficiency through automation.
Kirsty
Company Specialist at Welcome to the Jungle
Jun 2024
$12.1m
EARLY VC
Sep 2021
$4.8m
EARLY VC
Olaf Gehrels
(CEO)Previously President and CEO for FANUC Europe, and General Manager of Midea Robotics Company for Midea Group (Fortune Global 500 Company).
Ralf Zeisberger
(CFO & General Manager)Also the Owner of RZ Ventures. Previously CFO of Europe for FANUC Robotics Europe.