Invert Robotics engineers €2.5m investment
Ireland-headquartered Invert Robotics has closed an investment round, raising €12.9 million. This follows the addition of more than €2.5 million from Irish EIIS fund, Business Venture Partners (BVP), and US technology investor, TechNexus Venture Collaborative. This brings the total amount raised by the company to date to €25 million.
The investment will support the growth of Invert Robotics’ new Dublin-based research and development centre, and its robot product sales division alongside the existing inspection services solution. This new division will make Invert Robotics’ technology available to traditional inspection services companies and large global clients with internal maintenance and inspection teams.
Invert Robotics counts many of the world’s largest food production, chemicals, pharmaceutical, aerospace, and energy companies among its customers, making the process of inspecting and maintaining their high-value industrial assets, which are often in hazardous, hard-to-reach or toxic environments, more precise, efficient and significantly safer than existing processes or technologies.
“Invert’s solution is the future of asset maintenance, as our robots can go where other robots cannot and people should not,” said Neil Fletcher, CEO of Invert Robotics. “This investment from the 2022 BVP EII Fund further supports our vision of removing workers from all hazardous inspection environments, ensuring every worker goes home safely every day.”
“We have been impressed by the team at Invert Robotics and believe in the vision to provide a safe and sustainable environment by using technology for working in confined or hazardous spaces,” said Stephen Burdock, Executive Director at BVP. “Expanding the product sales division will enable the ability to perform tasks remotely and eliminate the need for people to enter these environments.”
Invert Robotics has established offices in the Netherlands, France, Germany, Australia, New Zealand, and the United States.
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