Wandelbots in a $84 million Series C backed by Insight Partners.
23 January 2022
Wandelbots, a Dresden, Germany-based software developer of robots, announced completing series C closed at $84 million.
The money was raised from investors led by Insight Partners and joined by existing investors, including 83North, M12, Next47, Paua, Atlantic Labs and EQT Ventures.
Wandelbots, founded in 2017 by CEO Christian Piechnick, Christoph Biering, Frank Fitzek, Georg Puschel, Giang Nguyen, Jan Falkenberg, Maria Piechnick and Sebastian Werner, developed a technology platform that enables non-programmers to train industrial robots around the world to complete precision tasks. Its ‘no code’ handheld teaching device TracePen lets humans teach robots how to perform complex industrial tasks. Customers range from large corporates like Volkwagen, BMW and Infineon to a wide range of small and medium-sized Enterprises from any industry. Wandelbots evolved from the Faculty of Computer Science of the TU Dresden.
Wandelbots previously raised more than 36 million, with series B closed at $30 million in 2020.
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