Inbolt raised €3 million in a seed financing round led by MIG Capital and joined by SOSV and French angel investors.

InBolt, a Paris, France-based startup developer of 3D tracking technology for manual operations in industrial manufacturing, announced closing a seed funding round at €3 million ($3.3M).

The money was raised from investors led by the German VC MIG Capital, and joined by SOSV, BNP Paribas Développement, as well as by angel investors Laurent Dassault, co-managing director of Dassault Group, and Richard Green.

InBolt, founded in 2019 by CEO Rudy Cohen, Albane Dersy and Louis Dumas, developed a novel 3D tracking system for use in industrial manufacturing to digitally support manual operations and minimize errors. Manufacturing and maintenance in the aerospace and automotive industries, for example, require multiple precise steps. Safety- relevant tasks have to be logged in detail, and until now often by hand. Errors in manual production can result in higher costs for quality control, work repetition, delays, or even accidents.

The 3D tracking module developed by Inbolt combines artificial intelligence and 3D vision and is compatible with all standard industrial tools such as torque wrenches. The technology creates a real-time digital twin of the work steps. This enables the technicians to execute their tasks more efficiently and with fewer mistakes. Costs are therefore significantly reduced. Integrated with the customers' digital infrastructure, Inbolt's technology represents a key element for the Smart Factory.

InBolt was previously seeded by SOSV and works with companies in the aerospace and automotive industries in France and is in discussions with space, aerospace, rail and automotive manufacturers across Europe, the U.S. and Asia.