Home Robotics HowToRobot merges with Acquire & Co., brings in funding

HowToRobot merges with Acquire & Co., brings in funding

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HowToRobot merges with Acquire & Co., brings in funding

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HowToRobot is combining its marketplace with Gain & Co.'s expert advice.

HowToRobot is combining its market with Acquire & Co.’s professional recommendation. Credit score: Adobe Inventory

HowToRobot.com ApS, a supplier of a worldwide automation market platform, and Acquire & Co., a robotics and automation advisor, introduced a merger final week. The newly shaped firm has additionally obtained an funding from Sagitta Ventures, which shall be taking a seat on its board. 

Now working below the title “HowToRobot,” the mixed firm stated that whereas the necessity for robotics is stronger than ever, most companies nonetheless battle to automate. By combining its automation market and vendor-independent recommendation, HowToRobot stated it’s going to assist companies with each side of their automation journeys.  

“Companies want automation and robotics like by no means earlier than to make up for labor shortages and provide chain disruptions and easily to guard them in the long term,” acknowledged Søren Peters, now co-CEO of HowToRobot. “However with out assist, solely few are capable of totally reap the benefits of the expertise. The merger and funding permit us to increase that assist to each enterprise that wants it.”

Based in 2017, HowToRobot stated it gives firms with an summary and quick access to automation and robotics suppliers globally. It additionally gives advisors that give steerage on the whole lot from getting began with automation to expertise choice and implementation.


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HowToRobot to assist firms sustain with innovation

International robotic installations have greater than tripled over the previous decade, based on the Worldwide Federation of Robotics (IFR). This demand has resulted in additional innovation, making it tough for potential prospects to maintain up with the business, stated Peters. 

“Robotics is growing so quick that it could possibly simply appear overwhelming,” he stated. “What most want is commonly simply somebody to speak to who is aware of the market and who they will belief for dependable and neutral recommendation. By letting our two firms be part of forces, we will now present all that in a single place.”

The Copenhagen, Denmark-based firm claimed that the brand new HowToRobot gives the assist that companies want when trying to automate. On the R-24 occasion earlier this 12 months in Odense, Denmark, Gulshan Akhtar Din, a senior advisor then at Acquire & Co., defined the way it labored with hospitals to correctly combine automation with each bodily infrastructure and enterprise processes.

Regardless of world robotic installations hitting a report excessive in 2022, based on the IFR, HowToRobot stated it has discovered that the common enterprise has explored solely about 5% of its addressable potential for automation. Peters asserted that that is primarily attributable to restricted experience and information about automation. 

“Most companies have nonetheless solely scratched the floor of what’s doable and is smart to automate,” he stated. “With the correct steerage and quick access to potential options, robotic adoption can attain an entire new stage.”

Contained in the merger

With the merger, Peters, the previous CEO of HowToRobot, and Søren Pap-Tolstrup, the previous CEO of Acquire & Co., will function co-CEOs. The corporate didn’t disclose monetary particulars of the merger or funding from Sagitta Ventures

“The world of robotics continues to be new to many, and most need assistance to some extent – from technical recommendation to discovering options and constructing the enterprise case or just discovering one of the best place to begin,” famous Pap-Tolstrup. “When mixed, our platform and advisory have the depth, attain, and suppleness to assist companies the place and after they most want it.”

HowToRobot stated its newest funding will allow it to increase its platform, advisor crew, and companion community internationally, including experience and the capability for conducting on-site automation screening. The corporate stated it additionally plans to broaden its market understanding of robotics and automation to raised present professional recommendation.

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