Caracol, a major player in the deep-tech sector specializing in large-format robotic manufacturing, has announced an influx of $40 million following a successful Series B funding round. This capital injection is set to pave the way for its global expansion plans. Caracol’s distinctive approach to manufacturing, which combines technology-driven efficiency with sustainability, caters to various sectors such as aerospace, maritime, and construction. This funding step signals an important phase for the Italian company based in Lombardy as it continues to expand its reach and operational capabilities.
Caracol has consistently attracted significant attention from investors, evidenced by prior collaborations with significant entities such as Primo Capital SGR and Eureka! Venture SGR. The latest funding round reflects an increased interest from international investors, including participation from CDP Venture Capital – Large Ventures Fund. Collectively, these investments over previous years illustrate a steady trajectory of growth and confidence in Caracol’s technological innovations. The present round was co-led by Omnes Capital and Move Capital Fund I, showcasing a broadening network of support.
What do the funds mean for Caracol’s growth?
The newly acquired funds are designated mainly for Caracol’s global expansion efforts and furthering its technological advancements. The company aims to solidify its market presence in Europe and extend its reach to the United States and the Middle East, as well as further exploring the Asia Pacific region. Building upon its existing traction in Japan, Caracol plans to enhance its robotic manufacturing solutions, focusing on software development, automation enhancements, and AI-driven process controls. By doing so, it aims to improve manufacturing precision and quality.
How is Caracol impacting various industries?
Caracol’s innovative solutions are transforming a range of industries, offering efficiency and cost reductions. For example, in the maritime sector, Caracol has collaborated with Italy’s Ferretti Group, enabling them to achieve up to 70% savings on finished parts. Meanwhile, in France, its partnership with Duqueine has halved production lead times for carbon fiber tooling in the automotive and motorsports sectors. These examples highlight the direct benefits industries derive from adopting Caracol’s advanced manufacturing practices.
The company’s technology, which includes platforms like Heron AM and Vipra AM, enables the manufacturing of complex parts. Its strategic focus is on serving various sectors such as aerospace, marine, and design. This approach is realized through operating Europe’s largest Large Format Additive Manufacturing center and maintaining strategic locations in North America and Dubai.
According to Francesco De Stefano, Caracol’s CEO and co-founder,
“This Series B represents a generational step for Caracol … ready to accelerate our global scale-up and help advanced industries … through flexibility, efficiency, and sustainability.”
He further emphasized the company’s achievements, noting,
“In just a few years, we’ve built strong global traction, doubling revenues year after year.”
Aiming to hire top-tier global talent, Caracol plans to expand its team beyond the current 100 employees located in Milan, Austin, and Dubai. This expansion underscores the company’s commitment to fostering innovation, executing its technological vision, and enhancing manufacturing resilience across various supply chains.
The implications of Caracol’s advancements reveal an evolving landscape for manufacturing, where technology significantly optimizes processes across several industries. As Caracol continues to expand its influence and technology, industries worldwide can leverage these innovations for improved efficacy and reduced costs. Such developments emphasize the necessity for continued investment in technological solutions that address current and foreseeably future manufacturing challenges.
