Inbolt, a company specializing in real-time robot guidance solutions, has successfully secured a €15 million Series A funding round. The investment is spearheaded by Exor Ventures, an early-stage investment platform associated with Exor N.V., known for its significant stakes in prominent industrial companies like Ferrari and Stellantis. As part of its growth strategy, Inbolt plans to utilize these funds to enhance its technological offerings and broaden its market reach, particularly targeting the United States and Japan. The funding reflects the rising demand for automated solutions across industries, where precision and adaptability are increasingly critical.
What Are Inbolt’s Technological Advancements?
Inbolt’s technology stands out due to its unique 3D vision system, which is powered by artificial intelligence. This system significantly improves production line efficiency by enabling industrial robotic arms to adapt swiftly to varied environments. Boasting a speed 100 times faster than competing technologies, Inbolt’s solution allows robots to operate efficiently across sectors such as automotive, electronics, and logistics. The company’s GuideNOW solution utilizes 3D vision cameras to accurately process data, adjusting robot trajectories in real time. This innovation reduces complexities and costs associated with the mass installation of robots, making them accessible to industries facing labor shortages and the need for improved working conditions.
How Is Inbolt Positioning Itself in the Market?
Inbolt has already made significant inroads in various industrial sectors, with its solutions deployed in numerous factories across Europe and the United States. The company’s partnership with Stellantis, a major automotive group, resulted in savings of over €3.1 million within a year, showcasing the value of its technology. Notable clients include Ford, Whirlpool, Thyssenkrupp Automotive, and Atlas Copco, highlighting Inbolt’s robust presence in the market. As the demand for its solutions continues to increase, Inbolt plans to cater to new regions and extend its product capabilities, supported by the latest funding.
In contrasting reports, there have been mentions of Inbolt’s gradual development in robotics over the last couple of years. While initial reports focused on the challenges of integrating AI with traditional robotics, recent advancements underline significant improvements in cost-effectiveness and deployment speed. The company’s transition from a niche player to a more mainstream provider of robotic solutions marks a substantial shift in its operational and strategic approach.
“At Inbolt, we enable any robot to make real-time decisions and adapt to all types of environments, even the most complex,” remarked Rudy Cohen, CEO of Inbolt, emphasizing the strategic importance of the new funding for expansion.
In addition to the geographic expansion in the US and Japan, Inbolt intends to allocate part of the funds towards enhancing its products and expanding its team. The company’s rapid growth trajectory over the past year indicates a heightened market interest in agile robotic solutions capable of addressing the evolving challenges in manufacturing.
“The ingenuity of Inbolt’s platform is to leverage 3D cameras and AI to give eyes and brains to robotic arms that were previously complex to manipulate,” commented Noam Ohana, Managing Director at Exor.
The current landscape for industrial automation underscores the necessity for flexible and efficient robotic solutions. Inbolt’s focus on real-time adaptability and cost efficiency presents a compelling proposition for industries grappling with labor shortages and the need for reindustrialization. As the company continues to expand, the integration of AI-driven solutions is poised to redefine production processes across various sectors.
