KEWAZO raises funding to accelerate LIFTBOT deployment in heavy industry

KEWAZO, whose LIFTBOT lifting robotic is already deployed at greater than 20 industrial websites in North America and Europe, at present introduced a brand new funding spherical bringing its whole funding to $35 million. The corporate mentioned it “is constructing towards changing into the main robotics and AI supplier for heavy trade.”

“Our purchasers hear about robotics, however they not often see robots working at their vegetation,” acknowledged Artem Kuchukov, KEWAZO co-founder and CEO. “KEWAZO modifications that. We assist industrial asset homeowners undertake automation by delivering instantaneous worth in vertical materials motion, and many consumers already ask us to increase into extra workflows.”

KEWAZO, which has areas in Munich and Houston, mentioned LIFTBOT replaces cranes and guide dealing with, enhancing security and enhancing effectivity.

LIFTBOT brings predictability, bodily AI to industrial websites

LIFTBOT is in use at refineries, petrochemical vegetation, chemical complexes, and energy amenities, famous KEWAZO. The company added that asset homeowners and repair suppliers are adopting LIFTBOT to deliver higher schedule predictability to upkeep, turnarounds, and capital initiatives.

KEWAZO mentioned LIFTBOT deployments grant it entry to high-barrier industrial environments, enabling the corporate to gather structured operational information. This varieties the inspiration of the corporate’s bodily AI platform, which it mentioned is designed to introduce transparency at present and allow automation tomorrow.

The brand new capital will speed up deployment capability, increase into extra workflows, and deepen integration inside present buyer websites, mentioned KEWAZO.

KEWAZO is gathering information from present deployments for its bodily AI. Supply: KEWAZO

Enterprise capital and vitality corporations spend money on KEWAZO

Schooner Capital led KEWAZO’s newest funding spherical, which included Chevron Expertise Ventures, Asahi Kasei, Benson Capital, Mana Ventures, Gaingels, and Atlas Ventures. Current traders True Ventures and Cybernetix Ventures additionally participated.

“Robotics and automation are reworking industrial operations, mirroring the adoption of AI throughout the financial system, mentioned Alexandra Manick, managing director at Schooner Capital. “KEWAZO is completely positioned to steer the cost in heavy trade, as evidenced by the crew’s technical depth and powerful business execution.”

“KEWAZO’s method immediately addresses key priorities for the supplies trade — enhancing security, shortening upkeep home windows, and making use of deep technical experience to complicated bodily environments,” added Jeff Chen, managing director at Asahi Kasei Ventures. “We imagine improvements like this can finally allow the workforce to concentrate on higher-value efforts.”

“The Gulf Coast has fueled America’s vitality management for generations, and it’s important to equip this area’s workforce with essentially the most superior instruments obtainable to maintain our industrial spine protected, environment friendly, and globally aggressive,” mentioned George Rovegno, an 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 influence. 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.”

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