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Inbolt
- Inbolt has secured $16.7 million in Series A funding to advance AI and 3D vision technologies for robotic applications.
- This Parisian startup is focused on enhancing the accuracy and speed of robots in industrial automation sectors.
- The investment round led by Exor Ventures will facilitate their expansion into the US market with plans to open a new office in Detroit.
Inbolt, an innovative startup based in Paris specializing in 3D vision and AI technology, has successfully raised €15 million ($16.7 million) during its Series A funding round.
The company’s mission centers around optimizing factory assembly lines through advanced AI algorithms that enable robotic arms to work with improved precision and efficiency.
The software developed by Inbolt analyzes extensive amounts of 3D data from industrial settings to construct a digital replica or ‘twin.’ This enables robotic systems to identify necessary components independently—effectively giving these machines a form of ‘sight.’
"Our objective is to enhance the intelligence of factory robots using our cutting-edge 3D vision technology coupled with AI," shared Albane Dersy, co-founder of Inbolt. "Robots traditionally operate within confined environments where mistakes can be costly. By implementing our cameras alongside proprietary software solutions, they gain real-time analytical capabilities that significantly benefit manufacturers eager for increased automation."
Established in 2019, Inbolt is strategically targeting pivotal industries including automotive manufacturing, logistics operations, and electronic assembly processes.
Among its clientele are significant industry players such as Stellantis, Ford Motor Company, Whirlpool Corporation, ThyssenKrupp AG., and Atlas Copco AB.
This latest funding round was spearheaded by Exor Ventures alongside contributions from BpiFrance. The financial support also involved existing stakeholders like MIG Capital, SOSV Sequoia Capital China Investment Management Ltd., along with BNP Paribas Développement actively participating in this investment venture.
"The surge in robotics technology combined with artificial intelligence has drawn attention from various investors; we possess compelling metrics that validate our approach," noted Dersy while highlighting their customer appreciation for their automated solutions amidst rising demands for efficiency."
The newly acquired capital will not only drive growth opportunities within the United States—as evidenced by setting up operations in Detroit—but is also aimed at expanding into potential markets like Japan. Moreover,the team size will increase towards approximately 45 employees, enhancing local support for clients’ needs during this growth phase.
Explore more about Inbolt’s Vision
Dive deeper into Inbolt’s enlightening pitch deck presented below:
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