Kewazo, the robotics firm remodeling heavy {industry} worldwide, has accomplished a brand new funding spherical backed by Chevron Expertise Ventures, Asahi Kasei, Benson Capital, Mana Ventures, Gaingels, and Atlas Ventures, alongside lead investor Schooner Capital and current traders True Ventures and Cybernetix Ventures. Whole funding now reaches $35 million.
Kewazo’s lifting robotic Liftbot is already deployed at greater than 20 industrial websites in North America and Europe, together with refineries, petrochemical crops, chemical complexes, and energy amenities.
Asset homeowners and repair suppliers are more and more adopting Liftbot to exchange cranes and handbook dealing with – bettering security and effectivity whereas bringing higher schedule predictability to upkeep, turnarounds, and capital tasks.
Enabling the bodily AI future of business websites
Liftbot deployments grant Kewazo entry to high-barrier industrial environments, enabling the corporate to gather structured operational information. This kinds the muse of Kewazo’s Bodily AI platform, designed to introduce transparency in the present day and allow automation tomorrow.
Go-to robotics and AI supplier for heavy {industry}
Kewazo is constructing towards turning into the main robotics and AI supplier for heavy {industry}. The backing of Chevron Expertise Ventures and Asahi Kasei – two main gamers in vitality and supplies is a welcome addition to Kewazo investor base. The brand new capital will speed up deployment capability, increase into further workflows, and deepen integration inside current buyer websites.
“Our purchasers hear about robotics, however they hardly ever see robots working at their crops,” stated Artem Kuchukov, co-founder and CEO. “Kewazo adjustments that. We assist industrial asset homeowners undertake automation by delivering on the spot worth in vertical materials motion, and many purchasers already ask us to increase into further workflows.
“With the assist of Schooner Capital, Chevron Expertise Ventures, Asahi Kasei, and our current traders, we’re accelerating this shift.”
Schooner capital
“Robotics and automation are remodeling industrial operations, mirroring the adoption of AI throughout the financial system, stated Alexandra Manick, managing director at Schooner Capital.
“Kewazo is completely positioned to steer the cost in heavy {industry}, as evidenced by the crew’s technical depth and powerful business execution. We’re proud to steer this spherical and assist their continued enlargement and imaginative and prescient.”
Chevron know-how ventures
“Kewazo’s Liftbot know-how gives an progressive strategy to bettering security and cost-efficiency in industrial operations,” stated Jim Gable, vp of innovation inside Chevron’s Expertise, tasks and execution group and president of know-how ventures at Chevron.
“That is the most recent funding from our Core Enterprise Fund, which focuses on high-growth startups and rising applied sciences which have the potential to enhance Chevron’s core companies, in addition to create new alternatives for progress. We welcome Kewazo to the portfolio.”
Asahi Kasei
“This funding aligns with Asahi Kasei’s imaginative and prescient by advancing applied sciences that enhance security and effectivity in essential industrial operations,” stated Jeff Chen, managing director at Asahi Kasei Ventures.
“Kewazo’s strategy instantly addresses key priorities for the supplies {industry} – enhancing security, shortening upkeep home windows, and making use of deep technical experience to advanced bodily environments. We consider improvements like this may in the end allow the workforce to give attention to higher-value efforts.”
Benson Capital
“The Gulf Coast has fueled America’s vitality management for generations, and it is important to equip this area’s workforce with essentially the most superior instruments accessible to maintain our industrial spine secure, environment friendly, and globally aggressive,” stated George Rovegno, funding affiliate at Benson Capital.
“Kewazo is delivering precisely that. They’re bringing sensible, confirmed robotics into refineries and petrochemical amenities, and already demonstrating actual affect. We’re excited to again an organization that isn’t simply speaking about the way forward for industrial operations, however actively enabling it throughout essential infrastructure all through the Gulf Coast.”
