What is Wandelbots?
Wandelbots is a German company specializing in simplifying robot programming through its innovative 'Trace Pen' technology. This solution allows instructors to train robots by mimicking motions, which are then fine-tuned via software without the need for traditional coding. This approach democratizes robot programming, making it accessible for a wider range of industrial applications and significantly reducing development time and complexity. The company's focus on intuitive, code-free robot training positions it as a key player in the Industry 4.0 transformation.
How much funding has Wandelbots raised?
Wandelbots has raised a total of $118.8M across 3 funding rounds:
Series A
$4.8M
Series B
$30M
Series C
$84M
Series A (2018): $4.8M, investors not publicly disclosed
Series B (2020): $30M led by 83North, Alexander Rinke, Atlantic Labs, Next47, Paua Ventures, Haniel, EQT Ventures, and M12
Series C (2022): $84M supported by Paua, Atlantic Labs, 83North, EQT, Insight Partners, Next47, and Microsoft
Key Investors in Wandelbots
83North
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies. The firm has a diverse portfolio with 90 companies and has achieved 33 exits and 14 unicorns since its inception. 83North focuses on supporting innovative startups across various sectors, helping them scale and succeed in the global market. Their investment philosophy emphasizes collaboration and a unique approach to fostering growth.
EQT
EQT Corporation is a premier, vertically integrated American natural gas company headquartered in Pittsburgh, Pennsylvania. Founded in 1888 and formerly known as Equitable Resources Inc., the company focuses on natural gas production, gathering, and transmission operations in the Appalachian Basin, with active operations across Pennsylvania, West Virginia, and Ohio. EQT is the largest natural gas producer in the United States and one of the largest in the world, representing approximately 6% of the country's total natural gas output. The company operates across key plays including the Marcellus and Upper Devonian shales, as well as the Ohio Utica formation. EQT is committed to responsible energy development, sustainability, and reducing its environmental footprint, having achieved net zero on a Scope 1 and Scope 2 basis. Its integrated business model spans upstream production and midstream asset ownership, positioning the company to serve growing demand from power generation and LNG markets.
Microsoft
Microsoft Corp. engages in the provision of developing and marketing software and hardware services. Its products include operating systems for computing devices, servers, phones and intelligent devices. It also offers server applications for distributed computing environments, productivity applications, business solution applications, desktop and server management tools, software development tools, video games, and online advertising. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of products and cloud services in portfolio of productivity, communication, and information services. It comprises of office commercial, office consumer, and Microsoft Enterprise Services dynamics business solutions. The Intelligent Cloud segment offers hybrid server products and cloud services. It comprises of server products and cloud services and enterprise services. The More Personal Computing segment comprises of windows, devices, gaming, and search advertising. The company was founded by William Henry Gates III in 1975 and is headquartered in Redmond, WA.
What's next for Wandelbots?
With substantial enterprise-level backing, Wandelbots is poised for accelerated growth and market expansion. The recent strategic investment suggests a focus on scaling operations, enhancing product development, and potentially forging deeper partnerships within the industrial ecosystem. This capital infusion will likely enable Wandelbots to further refine its technology, broaden its customer base, and solidify its leadership in the no-code robotics programming space, driving the next wave of automation adoption.
See full Wandelbots company page
