What is Olis Robotics?
Olis Robotics offers a sophisticated video diagnostics application designed for the remote monitoring, troubleshooting, and resolution of automation faults in Programmable Logic Controllers (PLCs) and robots. This innovative app, available via an annual subscription, empowers integrators and end-users to efficiently debug complex automation systems without requiring intricate setups. Supporting a wide array of controllers from leading manufacturers such as Allen Bradley, FANUC, Kawasaki, and Universal Robots, Olis Robotics' solution provides critical features like real-time screen sharing and synchronized event timelines, thereby enhancing production monitoring and significantly reducing the need for costly on-site technical support and travel.
How much funding has Olis Robotics raised?
Olis Robotics has raised a total of $7M across 5 funding rounds:
Private Equity
$845K
Series A
$1.4M
Private Equity
$525K
Debt
$150K
Other Financing Round
$4.1M
Private Equity (2016): $845K, investors not publicly disclosed
Series A (2017): $1.4M led by Seattle Angel
Private Equity (2017): $525K, investors not publicly disclosed
Debt (2020): $150K featuring PPP
Other Financing Round (2023): $4.1M backed by Tectonic Ventures, PSL Ventures, and Ubiquity Ventures
Key Investors in Olis Robotics
Tectonic Ventures
Tectonic Ventures partners with mission-oriented entrepreneurs to address significant challenges in the enterprise landscape through technology-enabled solutions. They provide initial capital, strategic mentorship, and ongoing support to help startups thrive and create lasting value. The firm focuses on fostering deep relationships and leveraging their extensive network to accelerate the growth of their portfolio companies. Tectonic Ventures aims to uncover and capitalize on innovative opportunities within the evolving business environment.
PSL Ventures
PSL Ventures, LLC is a professional real estate investment company dedicated to producing quality housing products in highly desirable areas of Houston while providing exciting, low risk investment opportunities with above average yields for our investor partners.
Ubiquity Ventures
Ubiquity Ventures is a seed-stage institutional venture capital firm that invests in "software beyond the screen" startups. This includes companies using smart hardware and machine intelligence to move real world physical problems into the domain of software where they can be solved much more effectively. Leveraging a decade of institutional venture capital experience, Sunil Nagaraj leads Ubiquity Ventures along with an extended team of 50 experts with a range of technical and marketing expertise.
What's next for Olis Robotics?
The recent major strategic investment in Olis Robotics signals a pivotal moment for the company, likely enabling accelerated product development, market expansion, and enhanced sales and marketing efforts. With a focus on streamlining automation diagnostics and reducing downtime, Olis Robotics is well-positioned to capitalize on the growing demand for efficient industrial maintenance solutions. This capital infusion will likely support the company's mission to become a leader in remote automation support, further solidifying its market presence and technological capabilities.
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