1 million euros seed capital for AI startup Hofmann & Stirner
Munich — Hofmann & Stirner Zuführsysteme GmbH is receiving around €1 million to expand its digital technologies in the field of feeding technology. High-Tech Gründerfonds and a business angel are participating as investors. The financing round was brokered by the BayStartUP investor network. Hofmann & Stirner develops feeding systems with the help of digital twins using computer aided design (CAD) and the simulation of production plants. They thus master the systematic and sorted feeding of a large quantity of very small components into the manufacturing process of industrial products. Hofmann & Stirner’s vision is the automatic development of any feeding system by means of artificial intelligence. With the seed financing, Hofmann & Stirner aims to achieve further milestones in technology development.
Feeding systems are smaller industrial systems that feed small parts such as screws, etc. to larger manufacturing machines. They ensure that components of a product are available at the right assembly point at the optimum time and in sorted form so that the corresponding products can be manufactured. They can be found in manufacturing processes in industries ranging from automotive to electronics. Up to now, these feeding systems have been manufactured almost exclusively in trial-and-error processes by experienced sheet metal workers with the aid of sample components. Hofman & Stirner’s technology digitizes this process. To achieve this, the company relies on a holistic approach consisting of the innovative ROTU machine architecture and its own software tailored to it. Several software modules interlock and map all relevant physical processes in the feeding system.
Each real ROTU thus emerges via its digital image, expanding the training database for artificial neural network learning to fully automate the development of new ROTUs. The database forms the basis for learning artificial neural networks and helps to continuously develop the system. The goal is to obtain new ROTU systems for various materials to be conveyed in a fully automated manner. “Anyone who only uses off-the-shelf software will fail in mechanical engineering due to digitization,” says Daniel Hofmann, CEO and co-founder of Hofmann & Stirner Zuführsysteme GmbH. Hofmann & Stirner’s solution designs the feeding system so that users can convert it to convey a completely new material in less than 2 minutes.
BayStartUP is the Bavarian startup network for founders, investors and companies. With the Bavarian Business Plan Competitions, an extensive coaching offer and Germany’s largest investor network, it supports startups in optimizing their strategy, building their business and finding start-up or growth capital. For private and institutional investors, BayStartUP ensures a qualified deal flow and offers startup insights at exclusive business angel meetings and investor conferences. With nationwide startup industry matchings and conceptual offers, BayStartUP advises established companies on the development of suitable strategies for cooperation with startups. Through BayStartUP, founders have contact opportunities with more than 280 listed business angels, over 100 institutional investors and financing from €50,000 to €6 million. Each year, BayStartUP’s investor network brokers around €50 million to startups, especially in the early stages. So far, more than 1,600 companies have emerged from the Bavarian Business Plan Competitions. Today, they are active on the market with approximately 11,400 employees and generate sales of around 1 billion euros. They have about 400 participant teams each year.