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Construction Technology Startup Kewazo Raises $5 Million Series A Funding From True Ventures To Scale Robotic Fleet In The $50 Billion Scaffolding Industry

Sep 15, 2021•almost 4 years ago

Amount Raised

$5 Million

Round Type

series a

MunichReal EstateArtificial IntelligenceScience And EngineeringData And AnalyticsSoftware

Description

KEWAZO, a leader in construction robotics, today announced it has closed a $5 million series A funding round, bringing the total amount raised to $9 million. The round was led by True Ventures. Existing investor MIG AG, a Munich-based venture capital firm and one of the founding investors in BioNTech, also participated in the round. KEWAZO is digitizing construction with robotics and data analytics

Company Information

Company

Kewazo

Location

Munich, Bavaria, Germany

About

Munich-based robotics company KEWAZO is digitizing construction with robotics and data analytics. The company integrates robotics platform LIFTBOT on-site to enable further digital services. In scaffolding, LIFTBOT saves up to 44 percent of labor costs, addresses labor shortage, and improves safety. Alongside the robotic system, KEWAZO provides its customers with a data analytics solution, enhancing higher levels of transparency and better project management. The company works closely with large scaffolding companies and industrial service providers. For more information please go to www.kewazo.com

Company News

(4 articles)

Wed, 25 Jan 2023 08:00:00 GMT

Kewazo scaffolding robot raises €2.5M funding strengthens management - Scaffmag

FundzWatch™ Score

Medium Activity