KEWAZO, a leading construction robotics company, has announced it has secured $16.0 million in new investment capital. This funding round marks a significant milestone for the company, which specializes in automating and digitizing on-site material handling for the construction and industrial sectors.
Headquartered with offices in Germany (Munich) and the USA (Houston), KEWAZO is known for its unique solution, LIFTBOT. LIFTBOT is a battery-powered, remote-controlled lifting robot designed for use on construction sites and industrial plants. The system is further enhanced by a proprietary data analytics platform. Its initial application focuses on scaffolding assembly, where the robotic system has demonstrated the ability to save up to 70% of man-hours while significantly improving safety standards on projects.
The $16.0 million investment underscores growing investor confidence in the potential of robotics to transform traditional industries. While specific details about the investors were not disclosed, the capital infusion is expected to accelerate KEWAZO's strategic objectives. The company plans to use the funds to scale its operations, expand its market reach, and further develop its robotic solutions to address broader material handling challenges within the construction and industrial sectors.
This funding positions KEWAZO to strengthen its presence in key markets and continue its trajectory as a leader in construction robotics. The company aims to enhance its LIFTBOT technology and explore new applications, driving efficiency and safety improvements across more aspects of construction and industrial plant operations. KEWAZO's growth plans are centered on expanding its innovative solutions to meet increasing demand for automation in these industries.
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