MOV.AI announced raising $4 million from SOMV, NFX and Viola Ventures

MOV.AI, a Lisbon, Portugal-based developed of an enterprise-grade ROS development & run time environment for cobots (collaborative robots), announced completing a funding roud of $4 million.

The money was raised from investors led by SOMV and existing investors NFX and Viola Ventures.

The proceeds will be used to accelerate product development and allow the company to better support its customers by establishing a customer support group.

Pinchas Buharis, managing partner at SOMV, will join the board of MOV.AI.

MOV.AI, founded in 2016 by CEO Motti Kushnir, provides an industry-grade operating system to change mobile machines into autonomous intelligent collaborative robots for universal commercial use. By decoupling H/W from S/W, simplifies R&D and field implementation processes, collaborative robots are becoming affordable (e.g., autonomous material handling machines).

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.