Solothrun-based Eleven Dynamics AG, a software program developer and full-breed integrator of automated and open manufacturing options, has introduced its newest Seed+ funding spherical, securing €3.7 million.
The spherical was led by the newly acquired lead traders EquityPitcher Ventures and seed + velocity Ventures, in addition to different new traders, together with Zürcher Kantonalbank and angel investor Bertrand Gili. Present traders Bloomhaus Ventures and Schauenburg Ventures additionally joined. As well as, the corporate raised €3.1 million by means of a mortgage from the Swiss Know-how Fund.
Santiago Droll, CEO Eleven Dynamics AG commented: “I’m very enthusiastic about our latest funding spherical, which brings not solely capital but additionally robust business connections. With Bertrand Gili, a senior worldwide govt with over 20 years of metrology and manufacturing expertise, becoming a member of our board, we’re able to scale, optimize, and broaden. His contribution can be extraordinarily helpful for the approaching years!”
Based in 2020 by Santiago Droll, Eleven Dynamics AG is a supplier of automated manufacturing options that “guarantee 100% high quality assurance“, trusted by corporations resembling BMW, Audi, and Sauber Motorsport. The corporate focuses on automating inline metrology to ascertain new business requirements. Its open platform seems to be to supply flexibility and integration, enabling predictive upkeep, sustainable infrastructure, and international information connectivity.
Their open software program platform for automated metrology allows corporations to transition towards a ‘Sensible Manufacturing unit 4.0’, the place manufacturing steps are optimised, and high quality assurance is totally automated. Moreover, their options combine predictive upkeep to minimise downtime.
The corporate’s flagship software program, ‘Automation Suite’, interconnects present Metrology software program and greatest in school measurement units and sensors to plan, automate and streamline measurement workflows and adapts seamlessly to prospects’ chosen {hardware} and robotic configurations.
Eleven Dynamics can also be strengthening its Board of Administrators with the appointment of Bertrand Gili and Hermann Koch from Fairness Pitcher. Each convey in depth expertise in know-how investments and strategic progress and can be part of present Board members Michael Fischer, Santiago Droll and Pascal Stürchler from Bloomhaus Ventures to assist the corporate in its subsequent part of progress and growth.
Hermann Koch, Founding Accomplice EquityPitcher Ventures commented: “Eleven Dynamics allows the perfect parts to work collectively – every particularly tailor-made to the shopper’s necessities. With measurement cycles which might be as much as 100 instances sooner, they provide unbeatable added worth for the manufacturing traces of the long run.”
The corporate will use the brand new funding to allow the scaling of particular person measuring cells to total manufacturing traces and vegetation, focused growth into the APAC market and different industries resembling aerospace. The additional improvement of the software program platform will allow prospects to reliably and simply combine the newest applied sciences – resembling robotics, sensors, cameras with synthetic intelligence and automatic guided autos – into their manufacturing traces.
Eleven Dynamics additionally plans to combine AI throughout platforms and broaden its gross sales staff.
Alexander Kölpin, Co-founder and Managing Director of seed + velocity Ventures added: “We’re impressed by the imaginative and prescient and experience of the Eleven Dynamics staff. Their open platform allows corporations to determine deviations in automated manufacturing earlier than they develop into an issue and result in rejects. This protects each time and sources – a completely essential aggressive benefit.”
