Marathon Venture Capital
Assembly Line
Progressive Robotics secures €1.55 million to democratise robotic automation
Progressive Robotics, a robotics startup, has secured €1.55 million in seed funding to make advanced robotic automation accessible to SMEs. The funding, led by Marathon Venture Capital, will enable the company to scale its AI-powered, no-code platform, which simplifies robotic deployment and management, allowing operators to configure and reprogram robots in minutes. This significantly lowers costs and improves flexibility, empowering SMEs to achieve operational efficiencies typically reserved for larger enterprises. Progressive Robotics’ mixed-case palletizer, leveraging machine learning and 3D perception, enables robots to dynamically adapt to various product shapes and sizes in real-time. The company has already delivered notable results, including 20% faster operations and substantial cost reductions in sectors like food production and logistics. With partnerships with prominent robotic OEMs, Progressive Robotics aims to bring advanced robotics to the forefront of the growing robotics market.
Bota Systems raises $2.5m to help give robots sense of touch
Bota Systems, a Swiss company developing force torque sensing solutions for robots, has completed a $2.5m seed round led by Marathon Venture Capital with the participation of angel investors. As part of the round, Bota Systems will grow its team to address demand from research labs and manufacturing companies globally, along with delivering its product roadmap.