We are beyond excited that our alumni startup arculus raised impressive €16 million Series A funding! Arculus was founded in 2016 and was part of TechFounders program’s Batch #5 in 2017.
The Germany-based startup is revolutionizing the traditional manufacturing with their modular production platform. It transforms the one-dimensional assembly line into scalable and flexible assembly modules. By using AI-powered software and autonomous mobile robots, arculus brings assembly lines into the 21st century. According to TechCrunch’s article, Arculus claims that with their technology companies can reduce space consumption by 20 % and increase worker productivity by 30%.
Leading the Series A funding round was European venture firm Atomico, with participation from Visionaries Club and previous investor La Famiglia VC. As part of the investment, Atomico partner Siraj Khaliq is joining the Arculus board.
Adapting to change, managing complexity and increasing productivity while reducing costs have been the main goals of arculus’ platform solution. And it seems their innovation has proven its utility: arculus already works with some of the leading manufacturing companies across a range of industries, including Siemens, Viessmann and Audi. The company plans to use the funding to strengthen their product development, broaden customer base and prepare for their global rollout.
Congratulations to arculus, and we wish to hear more from you in the future!