TechCrunch covers Gideon Bros: „Industrial robots startup raises $765K led by TransferWise co-founder“

June 24, 2018

The revered online publisher of tech and startup news covered Gideon Brothers, writing of the seed round led by Taavet Hinrikus, Co-Founder of TransferWise.

TechCrunch notes that the „ambitious startup out of Croatia“ has „quietly“ raised $765,000 in a seed round that was also joined by David Rowan, a former WIRED UK Editor.

Explaining the competitive advantages of setting up in Croatia, Gideon Brothers’ CEO and co-founder, Matija Kopić, said that the company was able to recruit a specialist team while keeping cost lower than competitors. Also, Gideon Brothers was given access to a number of testing facilities – and their much-needed warehouse logistics data.

TechCrunch notes Gideon Brothers’ first product is an autonomous „intralogistics robot“ designed to safely handle pallets in manufacturing, warehouse and commercial environments. The robot, TechCrunch writes, addresses the problem of workforce shortage, requiring only minimal changes to the facilities.

 

About Gideon

Gideon Brothers is a Croatian robot technology company, founded in 2017. Its 40-person team includes 5 PhDs and 27 Masters of robotics hardware and AI software. Their first commercial product is a pallet handling logistics robot capable of carrying up to 800 kg and designed to work safely with humans and other moving machines in industrial environments.

So far in 2018, the company received several awards, including:

  • “European AI Rising Star”​ won at Founders Forum in London (June 2018)
  • “Startup Germany Industry 4.0″​ (June 2018)
  • “Business Leader in Robotics-as-an-Entrepreneurial-Field”​ (March 2018).

Taavet Hinrikus, Co-Founder of Transferwise, an investor, had this to say:

“This is one of the leading deep tech teams in Europe. They have a breakthrough product which addresses a very real and large industrial workforce problem.”

Logistics is a market that is currently in love with mobile robots. The market has shown steep growth since 2015 and will breach $22bn by 2021.

Gideon’s launch partners have combined revenues of $3.16bn, operate in over 40 countries & over 8,500 employees.

 

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