10 million for a construction site robot – the Kewazo pitch deck

by zeitheutenews
0 comment
A scaffolding worker accepts metal poles from the Liftbot robotic elevator.

When a house is built or a road is renovated, nothing happens on construction sites for weeks. The reason: material and construction workers are missing. According to a survey by the ifo Institute, more than 39 percent of German construction companies were short of workers in July 2022. Tech companies are tackling this shortage of staff with robots that automate certain activities in the construction industry. The AI ​​startup Kewazo, for example, recently raised ten million euros from international investors for its construction site robot.

The round of funding was led by US venture capitalist Fifth Wall, which specializes in investments in construction technology. In addition, the early-stage investor Cybernetix Ventures from Boston, the Texan VC Unorthodox Ventures and the Munich construction software company Nemetschek have also acquired new stakes in Kewazo. In addition, existing investors True Ventures from Silicon Valley and MIG Capital from Munich have increased their stakes. Previously, the AI ​​startup raised five million from investors in September 2021 as part of its Pre-Series A.

Kewazo robots transport heavy building materials

Founded in 2018, the company develops intelligent robots for construction sites and industrial plants. Their first product, the Liftbot, is a robotic elevator that can transport materials such as steel bars from a scaffolding to the top. This should make working conditions easier and prevent accidents. The freight elevator is supported by a data platform, which it feeds with information during use. Customers can later evaluate the data in order to improve work on construction sites. The startup promises to save 44 percent on personnel costs with its technology. In addition to scaffolding, the robot can also be used for material transport during insulation and painting work. So far, large companies such as the industrial service providers Bilfinger and Altrad have been using the Kewazo robot, and around a dozen Liftbots are currently in use on European construction sites.

You may also like

Leave a Comment


zeiteheute.news All Right Reserved.