Amsterdam, the Netherlands – 6th of November 2019 – Smart Robotics, a leading developer of robot-independent, intelligent software for the rapid deployment of collaborative robots (‘cobots’), has announced today that it has secured a substantial investment to accelerate product roll-out in a round led by Dutch high-tech venture capital fund Innovation Industries and Mirai Creation Fund II, backed by Toyota Motor Corporation as a key limited partner.
Smart Robotics’ AI-based software platform enables the rapid deployment of cobots in markets such as e-Commerce, Pharma and FMCG. Through Smart Robotics’ software platform, a cobot can be easily configured and programming is no longer required. As a result, a cobot can be set-up in a matter of minutes and can be easily reconfigured in the field if required. The investment will be used to accelerate the roll-out of Smart Robotics’ palletizing and item picking applications as well as for the development of new software applications.
“We are excited to have Innovation Industries and Mirai on board as investors. Both parties bring valuable experience in scaling up a high-tech company to the table,” says Mark Menting, Founder and Managing Director of Smart Robotics. “This investment enables Smart Robotics to maintain its leadership position in cobot software.”
Nard Sintenie, General Partner at Innovation Industries adds: “Smart Robotics is at the forefront of robotics, a field that is developing rapidly. We are pleased with the addition of Smart Robotics to our portfolio and look forward to help the organization further strengthen its position and accelerate its commercial rollout.”
Masatoshi Fukami, Representative Director, Executive Deputy President of SPARX Group as General Partner of the Mirai Creation Fund comments: “We are delighted to be part of Smart Robotics, who is at the forefront of technology with its cobot software platform. We look forward to working together with the management team on scaling up commercially.”
About Smart Robotics
Smart Robotics has developed a robot-independent AI-based software platform that enables the rapid deployment of smart, innovative, safe, user-friendly and flexible robot solutions for packaging and logistics applications in E-commerce, Parcel, Pharma and FMCG. Thereby, the organization leverages the trend that hardware is commoditizing and competitive advantage is reached through advanced software. Smart Robotics integrates its intelligent software with cobot systems, making the cobots easy to deploy and configure, reliable, flexible in use and easy to operate by untrained operators. In addition, Smart Robotics partners with distributors to scale sales and delivery globally.
About Innovation Industries
Innovation Industries is an independent venture capital investor that provides accelerator capital and strategic support to Dutch High-tech, MedTech and Agri & Food Tech businesses with innovative proprietary scientific and engineering technology, solving real-world problems in identifiable markets. Innovation Industries uses a market-driven approach to create long term value in high technology start-up and scale-up companies.
For further information about Innovation Industries’ portfolio please visit:
About Mirai Creation Fund I and II
The Mirai Creation Fund I began operations in November 2015 with financing amounting to roughly JPY13.5 billion from three companies: Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, and SPARX, the Fund’s general partner. Ultimately, the Fund received contributions from 20 companies, including the above three. Seeing intelligent technologies, robotics, and technologies that promote a hydrogen economy as core technologies of the future, Fund I has invested in approximately 50 companies and projects from the US, the UK, Israel, Singapore, and Japan that possess innovative technologies in these fields. In H2 2018, SPARX began managing the Mirai Creation Fund II, which targets the three existing Mirai Creation fields, along with the two additional domains of electrification and new materials. As of September 30, 2019, the combined AUM for Funds I (one) and II (two) is JPY 109.3 billion.
For further information about Mirai Creation Fund’s portfolio please visit: