Ireland-headquartered Invert Robotics has announced the second close of a €12.9 million investment round.
This follows the addition of a €2.5 million investment from leading Irish EIIS fund, Business Venture Partners (BVP), and US technology investor, TechNexus Venture Collaborative.
The investment is in addition to a previous €10 million investment led by Orlen VC and brings the total amount raised by the company to date to €25 million.
Headquartered in Dublin, Ireland, Invert Robotics has established offices in the Netherlands, France, Germany, Australia, New Zealand, and the United States, employing a diverse global workforce supported by affiliate engineering partners in key markets.
Invert Robotics offers robotic solutions for non-destructive testing and 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.
The new investment will support the growth of Invert Robotics’ new Dublin-based research and development (R&D) 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’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.”