sewts in an investment round backed by APEX Ventures, Bayern Kapital and HTGF.

sewts, a Munich, Germany-based SAAS developer for industrial businesses, announced the completion of a capital funding round.

The money was raised from German investors, including APEX Ventures, Bayern Kapital and HTGF, joined by existing investor Initiative for Industrial Innovators along with a consortium of business angels whose name was not disclosed.

sewts, founded in 2019 by Alexander Bley, Tim Doerks and Till Rickert, develops a software-as-a-service (SaaS) solution, which enables industrial businesses to automate processes, during which easily deformable materials are processed, for example textiles or foils. Initially, the technology is to be used in industrial laundry lines, but in the long term, cross-sector applications for the textile industry and the high-tech sector are planned as well.

sewt's software uses image processing that enables robots to predict the behavior of easily deformable materials during gripping processes in real time, based on smart algorithms developed in-house at sewts. At the core of the technology lies a unique approach to generating artificial training data for AI, which is based on high-precision “finite elements method” (FEM) simulations. This novel approach allows sewts to automate a wide range of industrial processes that were previously impossible from a technical standpoint – such as the handling of textiles or carbon fiber products and semi-finished products.