LIFTBOT automates vertical materials motion for development, infrastructure, and vitality websites. Supply: KEWAZO
KEWAZO, whose LIFTBOT lifting robotic is already deployed at greater than 20 industrial websites in North America and Europe, in the present day introduced a brand new funding spherical bringing its whole funding to $35 million. The corporate stated it “is constructing towards turning into the main robotics and AI supplier for heavy trade.”
“Our purchasers hear about robotics, however they hardly ever see robots working at their crops,” acknowledged Artem Kuchukov, KEWAZO co-founder and CEO. “KEWAZO modifications that. We assist industrial asset homeowners undertake automation by delivering prompt worth in vertical materials motion, and many purchasers already ask us to broaden into extra workflows.”
KEWAZO, which has places in Munich and Houston, stated LIFTBOT replaces cranes and handbook dealing with, bettering security and enhancing effectivity.
LIFTBOT brings predictability, bodily AI to industrial websites
LIFTBOT is in use at refineries, petrochemical crops, chemical complexes, and energy services, famous KEWAZO. The firm added that asset homeowners and repair suppliers are adopting LIFTBOT to carry better schedule predictability to upkeep, turnarounds, and capital initiatives.
KEWAZO stated LIFTBOT deployments grant it entry to high-barrier industrial environments, enabling the corporate to gather structured operational information. This kinds the muse of the corporate’s bodily AI platform, which it stated is designed to introduce transparency in the present day and allow automation tomorrow.
The brand new capital will speed up deployment capability, broaden into extra workflows, and deepen integration inside current buyer websites, stated KEWAZO.
KEWAZO is amassing information from current deployments for its bodily AI. Supply: KEWAZO
Enterprise capital and vitality companies spend money on KEWAZO
Schooner Capital led KEWAZO’s newest funding spherical, which included Chevron Know-how Ventures, Asahi Kasei, Benson Capital, Mana Ventures, Gaingels, and Atlas Ventures. Present traders True Ventures and Cybernetix Ventures additionally participated.
“Robotics and automation are reworking industrial operations, mirroring the adoption of AI throughout the economic system, stated Alexandra Manick, managing director at Schooner Capital. “KEWAZO is completely positioned to steer the cost in heavy trade, as evidenced by the workforce’s technical depth and powerful industrial execution.”
“KEWAZO’s method straight addresses key priorities for the supplies trade — enhancing security, shortening upkeep home windows, and making use of deep technical experience to complicated bodily environments,” added Jeff Chen, managing director at Asahi Kasei Ventures. “We imagine improvements like it will finally allow the workforce to concentrate on higher-value efforts.”
“The Gulf Coast has fueled America’s vitality management for generations, and it’s important to equip this area’s workforce with probably the most superior instruments obtainable to maintain our industrial spine protected, environment friendly, and globally aggressive,” stated George Rovegno, an funding affiliate at Benson Capital. “KEWAZO is delivering precisely that. They’re bringing sensible, confirmed robotics into refineries and petrochemical services, and already demonstrating actual influence. We’re excited to again an organization that isn’t simply speaking about the way forward for industrial operations, however actively enabling it throughout essential infrastructure all through the Gulf Coast.”
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