About Inrotech
Inrotech is a company based in Odense (Denmark) founded in 2009 was acquired by Lincoln Electric in June 2024.. Inrotech offers products and services including Inrotech-Classic, Inrotech-MicroTwin, Inrotech-Crawler, Inrotech-C&B, and Inrotech-Vertigo. Inrotech operates in a competitive market with competitors including Wandelbots, micropsi industries, GrayMatter Robotics, Rendered.ai and Visual Components, among others.
- Headquarter Odense, Denmark
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Inrotech A/S
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Lincoln Electric
(Jun 04, 2024)
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Products & Services of Inrotech
Inrotech offers a comprehensive portfolio of products and services, including Inrotech-Classic, Inrotech-MicroTwin, Inrotech-Crawler, Inrotech-C&B, and Inrotech-Vertigo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Agile mobile robot for shipbuilding welding tasks.
Compact system with two robots for heavy industry.
Robot for various welding jobs in heavy sectors.
System ideal for offshore wind industry applications.
Platform for vertical axis robotic welding solutions.
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Leadership Team
1 people
Human Resources and Administration
1 people
Sales and Marketing
1 people
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Funding Insights of Inrotech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Inrotech
Inrotech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lincoln Electric. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Arc welding solutions and automation robots are provided.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Inrotech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Inrotech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inrotech Comparisons
Competitors of Inrotech
Inrotech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wandelbots, micropsi industries, GrayMatter Robotics, Rendered.ai and Visual Components, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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No-code robot programming software is provided via demonstration-based teaching.
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Provider of AI software for industrial robots to mimic human movements
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GrayMatter Robotics is focused on AI-powered robotic solutions for manufacturers.
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Provider of AI and cloud-based tools to produce synthetic datasets for AI training
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Factory simulation software
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Software for industrial robot control in milling operations is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Inrotech
Frequently Asked Questions about Inrotech
When was Inrotech founded?
Inrotech was founded in 2009.
Where is Inrotech located?
Inrotech is headquartered in Odense, Denmark.
What does Inrotech do?
Inrotech was founded in 2009 in Odense, Denmark, where focus is placed on robotics software for industrial applications. Adaptive Logic programming Technology is utilized to simplify welding automation through intuitive interfaces and self-programming robot intelligence features. Operations center on enhancing robot efficiency in manufacturing sectors, with services extending to automation solutions across Europe and beyond.
Who are the top competitors of Inrotech?
Inrotech's top competitors include Wandelbots, GrayMatter Robotics and micropsi industries.
What products or services does Inrotech offer?
Inrotech offers Inrotech-Classic, Inrotech-MicroTwin, Inrotech-Crawler, Inrotech-C&B, and Inrotech-Vertigo.
Who are Inrotech's investors?
Inrotech has 1 investor. Key investors include Lincoln Electric.