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Germany-based Wandelbots has raised over $84 million for its Series C amid a global boom in robotics.
Worldwide, around $560 million of VC funding, not including Wandelbots’ latest round, has been poured into robotics and drone startups in 2022, according to PitchBook data. Last year saw a global record $14.9 billion invested in total.
The sector is experiencing wider adoption and more venture investment as a range of factors has increased use cases for the technology. Advances in computing and the internet of things, for example, have combined with labor shortages and the pandemic-driven ecommerce boom to create more need for automation.
US investor Insight Partners led the round for Wandelbots, whose no-code platform is designed to make it easier for non-programmers to teach industrial robots how to do specific tasks. The funding was supported by existing backers 83North, Microsoft, Next47, Paua, Atlantic Labs and EQT.
Wandelbots will use the new capital to build a developer community on its platform for users to create their own teaching applications. It will also expand its operations in the US and Asia.
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