Venture Capital: Industrial Robots Startup ANYbotics Lands $50M Funding
The ANYbotics dog-like robot performs inspections in hazardous industrial situations.
Swiss startup ANYbotics, a spinout from ETH Zurich, has raised $50 million in a Series B funding round led by Walden Catalyst and NGP Capital. The robotics startup develops four-legged autonomous robots for industrial use, specifically for inspection purposes in sectors such as oil and gas, mining, and chemicals.
Its first product, ANYmal, resembles a robo-dog and is fitted with sensors for gathering data in potentially hazardous environments. The company’s clients include PETRONAS, Shell, SLB, Siemens Energy, and BASF. It provides customers with two payment options. The first is a single purchase of the robot along with recurring software license fees. The second option is a robot-as-a-service model, which has a starting price of CHF8,500 (€8,736) per month. (sifted)
ANYbotics plans to use the funding to fulfill product preorders, expand its team, and enter new markets.
The investment round also saw participation from Bessemer Venture Partners, Aramco Ventures, Swisscom Ventures, and Swisscanto private equity fund.
ANYbotics is set to deliver its second model, ANYmal X, starting in the second half of 2023, and aims to increase its headcount from 110 to 150 within 18 months and to 200 within the next two years.
Related Story: Australian Agtech SwarmFarm Robotics Raises A$12M
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