CM-CIC leads €6.1m series-B for Robart

Innovacom, Robert Bosch Venture Capital and SEB Alliance also took part in the round.

The fresh capital will be used to strengthen Robart's market position in Europe, Asia and the US.

Previous funding
In April 2014, Innovacom, Robert Bosch Venture Capital and SEB Alliance invested €3m in Robart's first institutional funding round.

Company
Established in 2009, RobArt develops autonomous mobile robots for consumer and industrial applications based upon its AICU (Artificial Intelligence Control Unit) technology. Currently mainly found as vacuum cleaners, Robart thinks that household robots will take over many different areas in the coming years, such as fetch-and-carry tasks, entertainment, help for the elderly and home security. The company is based in Linz, Austria.

People
CM-CIC - Stéphane Simoncini (investment director).
Robart - Michael Schahpar (commercial director).

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• Topics
• Expansion
• DACH
• Technology
• Austria
• Credit Mutuel Equity (ex CM-CIC Investissement)
• Venture