coboworx in a seed financing round of € 4.5 million backed by Picus Capital and Paua Ventures.

coboworx, an Osann-Monzel, Germany-based plug-and-play robotics company, announced closing a seed financing round of € 4.5 million ($5.3M).

The money was raised from investors from Germany, led by Picus Capital and Team Global, with participation from pre-seed investor Paua Ventures and angel investors including Florian Huber (united-domains.de, neubaukompass.de), Robert Maier (Ladenzeile.de), Rubin Ritter (Zalando), Florian Seubert (Zooplus.de, Zalando), Christian Vollmann (Nebenan.de) and Michael Wax (Forto.de).

Coboworx, founded in 2019 by Ralf Zeisberger, Olaf Gehrels, Klaus Wagner und Georg Matheus, develops process-ready robot solutions from standard modules for a wide range of applications. The most important target group is small and medium-sized enterprises (SMEs). The open system design with integrated robot ecosystem allows SMEs a fast start-of-production and short payback times, as there is no need to involve external system integrators or build prototypes. In addition to the hardware, the company developed a software platform, which also leaves scope for external software developers and will result in an app store for modern robotics.