Munich \/ Bonn \/ Vienna \u2014 Arti\u00adfi\u00adcial intel\u00adli\u00adgence for the textile indus\u00adtry: The robo\u00adtics start-up sewts has closed a seed finan\u00adcing round tota\u00adling seven figu\u00adres. sewts is deve\u00adlo\u00adping a soft\u00adware-as-a-service (SaaS) solu\u00adtion that helps indus\u00adtrial compa\u00adnies auto\u00admate proces\u00adses in which easily defor\u00adma\u00adble mate\u00adri\u00adals are proces\u00adsed, for exam\u00adple texti\u00adles or films. Initi\u00adally, the tech\u00adno\u00adlogy will be used in indus\u00adtrial laun\u00addry lines; in the long term, cross-sector appli\u00adca\u00adti\u00adons are plan\u00adned in the textile indus\u00adtry as well as in the high-tech sector. APEX Ventures, Bayern Kapi\u00adtal and High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) parti\u00adci\u00adpa\u00adted in the round. The exis\u00adting inves\u00adtor Initia\u00adtive for Indus\u00adtrial Inno\u00adva\u00adtors and a consor\u00adtium of expe\u00adri\u00aden\u00adced busi\u00adness angels have also confirmed their commitments.<\/p>\n
In the manu\u00adfac\u00adtu\u00adring and proces\u00adsing indus\u00adtries, there are many robo\u00adtics and AI-based solu\u00adti\u00adons for hand\u00adling solid, dimen\u00adsio\u00adnally stable raw mate\u00adri\u00adals such as metals. The auto\u00adma\u00adtion of manu\u00adfac\u00adtu\u00adring or assem\u00adbly proces\u00adses in which, on the other hand, easily defor\u00adma\u00adble mate\u00adri\u00adals are proces\u00adsed still poses enorm\u00adous problems for compu\u00adters and image proces\u00adsing programs today, because the demands on the requi\u00adred compu\u00adting power are too great. Curr\u00adently available robots and grip\u00adping systems can ther\u00ade\u00adfore only inade\u00adqua\u00adtely perform such simple opera\u00adti\u00adons for humans, such as grip\u00adping a towel or piece of clot\u00adhing. Foun\u00added in 2019, Munich-based sewts GmbH and its appro\u00adxi\u00adm\u00adately 20 employees have ther\u00ade\u00adfore deve\u00adlo\u00adped inno\u00adva\u00adtive control and image proces\u00adsing soft\u00adware that enables robots to predict the beha\u00advior of shape-unsta\u00adble mate\u00adri\u00adals during grip\u00adping in real time based on intel\u00adli\u00adgent algo\u00adrithms deve\u00adlo\u00adped in-house. At the core of the tech\u00adno\u00adlogy is a unique approach to gene\u00adra\u00adting arti\u00adfi\u00adcial trai\u00adning data for AI, which is based on high-precis\u00adion, so-called finite element method (FEM) simu\u00adla\u00adti\u00adons. With the help of this novel approach, sewts can auto\u00admate a wide range of indus\u00adtrial proces\u00adses that were previously tech\u00adni\u00adcally unfe\u00ada\u00adsi\u00adble \u2014 such as the hand\u00adling of texti\u00adles or carbon fiber and semi-finis\u00adhed products.<\/p>\n
Wide range of applications<\/strong><\/p>\n Indus\u00adtrial laun\u00add\u00adries, for exam\u00adple, bene\u00adfit from this tech\u00adno\u00adlogy: indi\u00advi\u00addual steps, such as sort\u00ading dirty texti\u00adles or placing laun\u00addry in folding machi\u00adnes, still have to be carried out there by hand. Many laun\u00add\u00adries can hardly find employees for this stre\u00adnuous work. With sewts, this step can be auto\u00adma\u00adted by robots. In the long term, this should increase the produc\u00adti\u00advity of a textile washing line by up to 100 percent, while allo\u00adwing the laun\u00addry to use its person\u00adnel capa\u00adci\u00adties more effectively.<\/p>\n The areas of appli\u00adca\u00adtion for this inno\u00adva\u00adtive tech\u00adno\u00adlogy are constantly expan\u00adding and are alre\u00adady opening up comple\u00adtely new produc\u00adtion possi\u00adbi\u00adli\u00adties in the textile indus\u00adtry, for exam\u00adple in the manu\u00adfac\u00adture of clot\u00adhing. In the long term, the ambi\u00adti\u00adons of the three foun\u00adders Alex\u00adan\u00adder Bley, Tim Doerks<\/strong> and Till Rickert<\/strong> also include opening up other manu\u00adfac\u00adtu\u00adring sectors, for exam\u00adple in the proces\u00adsing of films and foams. They plan to invest the new finan\u00adcial resour\u00adces in the further deve\u00adlo\u00adp\u00adment of their soft\u00adware into a series product, the expan\u00adsion of the deve\u00adlo\u00adp\u00adment team and the acqui\u00adsi\u00adtion of medium and long-term inte\u00adgra\u00adtion and sales partners.<\/p>\n \u201cWe are very plea\u00adsed to have convin\u00adced capi\u00adtal-strong and tech\u00adno\u00adlo\u00adgi\u00adcally savvy inves\u00adtors of our disrup\u00adtive tech\u00adno\u00adlogy. Their cross-indus\u00adtry market exper\u00adtise will be of great help to us on our way to series produc\u00adtion,\u201d says sewts co-foun\u00adder and co-mana\u00adging direc\u00adtor Alex\u00adan\u00adder Bley.<\/p>\n Dr. Wolf\u00adgang Neubert, part\u00adner at APEX Ventures, says: \u201cWe were parti\u00adcu\u00adlarly impres\u00adsed in the team by the combi\u00adna\u00adtion of high profes\u00adsio\u00adnal exper\u00adtise, tech\u00adni\u00adcal crea\u00adti\u00advity and the ability to think quickly into indus\u00adtrial appli\u00adca\u00adti\u00adons of the sewts tech\u00adno\u00adlogy and derive their econo\u00admic impact.\u201d<\/p>\n Dr. Georg Ried, Mana\u00adging Direc\u00adtor of Bayern Kapi\u00adtal, says: \u201csewts has the poten\u00adtial to signi\u00adfi\u00adcantly simplify proces\u00adses in a wide range of indus\u00adtries that could not previously be auto\u00adma\u00adted \u2014 a scalable tech\u00adno\u00adlogy from which many compa\u00adnies could bene\u00adfit, parti\u00adcu\u00adlarly in the indus\u00adtrial nation of Germany, but also beyond. An exci\u00adting inno\u00adva\u00adtion project in the field of robo\u00adtics that we are happy to support in its upco\u00adming growth steps.\u201d<\/p>\n Johan\u00adnes Weber, invest\u00adment mana\u00adger at High-Tech Gr\u00fcn\u00adder\u00adfonds, says: \u201cWith deep lear\u00adning algo\u00adrithms, sewts enables the sophisti\u00adca\u00adted hand\u00adling of texti\u00adles with indus\u00adtrial robots for the first time. Through the scalable SaaS busi\u00adness model, we see high poten\u00adtial to address broad user groups and look forward to support\u00ading the start-up on this path.\u201d<\/p>\n About sewts<\/strong> About APEX Ventures<\/strong> About High-Tech Gr\u00fcnderfonds<\/strong> Munich \/ Bonn \/ Vienna \u2014 Arti\u00adfi\u00adcial intel\u00adli\u00adgence for the textile indus\u00adtry: The robo\u00adtics start-up sewts has closed a seed finan\u00adcing round tota\u00adling seven figu\u00adres. sewts is deve\u00adlo\u00adping a soft\u00ad\u00adware-as-a-service (SaaS) solu\u00adtion that helps indus\u00adtrial compa\u00adnies auto\u00admate proces\u00adses in which easily defor\u00adma\u00adble mate\u00adri\u00adals are proces\u00adsed, for exam\u00adple texti\u00adles or films. Initi\u00adally, the tech\u00adno\u00adlogy will be [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37332,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-43474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en","news-category-venture-capital-news"],"yoast_head":"\n
\nFoun\u00added in 2019, Munich-based sewts GmbH is a provi\u00adder of inno\u00adva\u00adtive control and image proces\u00adsing soft\u00adware that pushes the boun\u00adda\u00adries of robo\u00adtics in the proces\u00adsing of easily defor\u00adma\u00adble mate\u00adri\u00adals. sewts has deve\u00adlo\u00adped a unique tech\u00adno\u00adlogy that uses high-precis\u00adion finite element method (FEM) simu\u00adla\u00adti\u00adons to effi\u00adci\u00adently train machine lear\u00adning algo\u00adrithms. The intel\u00adli\u00adgent soft\u00adware solu\u00adtion enables count\u00adless appli\u00adca\u00adti\u00adons in indus\u00adtrial auto\u00adma\u00adtion, such as the proces\u00adsing of texti\u00adles in indus\u00adtrial laun\u00add\u00adries or the produc\u00adtion of clot\u00adhing. The company is backed by APEX Ventures, Bayern Kapi\u00adtal, High-Tech Gr\u00fcn\u00adder\u00adfonds, Initia\u00adtive for Indus\u00adtrial Inno\u00adva\u00adtors and a number of highly expe\u00adri\u00aden\u00adced busi\u00adness angels. www.sewts.de<\/p>\n
\nAPEX Ventures is a Euro\u00adpean venture capi\u00adtal inves\u00adtor focu\u00adsing on deep-tech start-ups with unique IP and extra\u00ador\u00addi\u00adnary market poten\u00adtial. APEX Ventures has comple\u00adted nume\u00adrous invest\u00adments with its funds in Europe as well as in the U.S., inclu\u00adding in the areas of AI for medi\u00adcal appli\u00adca\u00adti\u00adons, quan\u00adtum and laser tech\u00adno\u00adlogy, auto\u00adno\u00admous mobi\u00adlity, compu\u00adter-based vision, and digi\u00adtal foren\u00adsics. APEX Ventures is in close colla\u00adbo\u00adra\u00adtion with the foun\u00adding teams to work toge\u00adther on go-to-market stra\u00adte\u00adgies and acce\u00adle\u00adrate inter\u00adna\u00adtio\u00adnal growth. For an effec\u00adtive selec\u00adtion of talen\u00adted teams and their best possi\u00adble support, APEX Ventures is in close exch\u00adange with acade\u00admic insti\u00adtu\u00adti\u00adons, entre\u00adpre\u00adneur\u00adship programs and other inter\u00adna\u00adtio\u00adnal VC part\u00adners. www.apex.ventures<\/p>\n
\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial. With a volume of around EUR 900 million spread across three funds and an inter\u00adna\u00adtio\u00adnal part\u00adner network, HTGF has supported more than 600 start-ups since 2005. His team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness areas. Almost EUR 3 billion in capi\u00adtal has been inves\u00adted in the HTGF port\u00adfo\u00adlio by exter\u00adnal inves\u00adtors in more than 1,700 follow-on finan\u00adcing rounds to date. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 120 compa\u00adnies. www.htgf.de<\/p>\n","protected":false},"excerpt":{"rendered":"