Jacques Bonfrer <\/p>\n
A digital marketplace for robotics and AI services has completed a six-figure equity funding round.<\/p>\n
Bot-Hive connects SMEs with the best automation technology for their business and shows them how to introduce robots to their workflow processes.<\/p>\n
The round was led by new investor the Development Bank of Wales with an investment of 250,000 - with continued further investment from its pre-seed lead investor Britbots, a specialist robotics, artificial intelligence and automation business investor.<\/p>\n
Six new angel investors also participated in the round.<\/p>\n
Bot-Hive has used the funding to open its headquarters in Cardiff on Wellington Road. Three existing staff, along with three new hires will be based in its new offices.<\/p>\n
The start-up also uses a hot-desking facility at the Bristol Robotics Laboratory at the University of West England and has a European presence in Amsterdam.<\/p>\n
Chief executive and co-founder Jacques Bonfrer said: \"We are delighted to have closed this round of fundraising and very pleased to welcome the Development Bank of Wales, as well as the new angel investors.<\/p>\n
\"We've worked closely with them all over the last few months and they have shared our excitement as we demonstrated how we intend to provide a unique platform for all those consumers in the robot industry.\"<\/p>\n
Funding for this equity round came from the 20m Wales Technology Seed Fund.<\/p>\n
Sarah Smith, technology investment executive for the Development Bank, added: \"Automation and robotics have a crucial role in the future of multiple industries not only in Wales, but throughout the UK and globally. Bot-Hive is a conduit between the automation industry and businesses.<\/p>\n
\"The Bot-Hive team is ideally placed to play an influential role in this sector over the coming years. They have a clear growth strategy and industry knowledge and we are delighted to be able to support them through the Wales Technology Seed Fund.\"<\/p>\n
Dominic Keen of the Britbots Sidecar Fund said: \"We are delighted to be able to continue to support Bot-Hive's roll-out. They have an extremely important role to play in the post-pandemic economy with the increasing importance of higher levels of automation.\"<\/p>\n
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Robotics and AI specialist completes funding round - Insider Media<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Jacques Bonfrer A digital marketplace for robotics and AI services has completed a six-figure equity funding round. Bot-Hive connects SMEs with the best automation technology for their business and shows them how to introduce robots to their workflow processes. Continue reading