All the European investment, retail, real estate, office and industry news in English language

Wednesday | October 28 | 2020

Portuguese company MOV.AI closed a $4 million financing round

MOV.AI, a provider of an enterprise-grade ROS development & run time environment for cobots (collaborative robots), announces that it has closed a $4 million financing round, bringing the total capital raised to $8 million.

The fundraising was led by SOMV and existing investors NFX, and Viola Ventures.

The company’s solution enables hardware-software separation to simplify the development and implementation processes of robotic systems.

MOV.AI’s system includes unique features such as a graphical interface for describing robotic behavior, autonomous navigation, obstacle avoidance, and compliance with safety requirements.

The company currently focuses on selling its products in Western Europe, particularly in England, Germany, France, Sweden, Denmark, and Ireland, and initial sales in Singapore and the USA.

Robots operated by the MOV.AI system are used in the logistics and manufacturing industries of fashion, food, hospitality, automation for postal services, automotive manufacturing and more. 

- Advertisment -