About Origin Robotics
Origin Robotics is a company based in Riga (Latvia) founded in 2022 by Ilja Nevdah and Agris Kipurs.. Origin Robotics has raised $2.59 million across 2 funding rounds from investors including European Union, Change Ventures and Silicon Roundabout Ventures. Origin Robotics offers products and services including BEAK. Origin Robotics operates in a competitive market with competitors including Tata Advanced Systems, Insitu, ECA Group, Meteksan Defence and Niyoto, among others.
- Headquarter Riga, Latvia
- Founders Ilja Nevdah, Agris Kipurs
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Sectors
Aerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.59 M (USD)
in 2 rounds
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Latest Funding Round
$1.73 M (USD), Grant
Oct 25, 2024
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Investors
European Union
& 3 more
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Employee Count
Employee Count
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Products & Services of Origin Robotics
Origin Robotics offers a comprehensive portfolio of products and services, including BEAK. 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.
Precision-guided drone-launched system for battlefield strikes up to 15 km.
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Funding Insights of Origin Robotics
Origin Robotics has successfully raised a total of $2.59M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $1.73 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $1.7M
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First Round
First Round
(25 Oct 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Origin Robotics | Valuation | Change Ventures | |
| Oct, 2024 | Amount | Grant - Origin Robotics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Origin Robotics
Origin Robotics has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Change Ventures and Silicon Roundabout Ventures. 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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Change Ventures is focused on backing ambitious Baltic startup founders with pre-seed and seed capital investments.
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A community-driven VC firm is focused on deep tech startups.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Origin Robotics
| 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 - Origin Robotics
| 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 |
Origin Robotics Comparisons
Competitors of Origin Robotics
Origin Robotics 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 Tata Advanced Systems, Insitu, ECA Group, Meteksan Defence and Niyoto, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Designs and manufactures defense vehicles, aerospace structures, and security systems for military use.
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| domain | founded_year | HQ Location |
Customized unmanned aerial systems and software solutions are provided.
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| domain | founded_year | HQ Location |
Automated robotic vehicles are developed for diverse applications across industries.
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| domain | founded_year | HQ Location |
Develops radar, surveillance, and communication systems for defense and security needs.
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| domain | founded_year | HQ Location |
Develops AI-based hardware solutions for defence detection and dual-use technologies.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Origin Robotics
Frequently Asked Questions about Origin Robotics
When was Origin Robotics founded?
Origin Robotics was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Origin Robotics located?
Origin Robotics is headquartered in Riga, Latvia.
Who is the current CEO of Origin Robotics?
Agris Kipurs is the current CEO of Origin Robotics. They have also founded this company.
Is Origin Robotics a funded company?
Origin Robotics is a funded company, having raised a total of $2.59M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.59M, raised on Oct 25, 2024.
What does Origin Robotics do?
Origin Robotics was founded in 2022 in Riga, Latvia, within the defense sector. Combat weapon systems are developed for military applications, incorporating drones and robotic platforms. These are utilized for monitoring sensitive areas, responding to threats, and conducting intelligence, surveillance, and reconnaissance operations. Precision-guided weapons launched from drones form a key component of the offerings.
Who are the top competitors of Origin Robotics?
Origin Robotics's top competitors include Tata Advanced Systems, Insitu and Armory.
What products or services does Origin Robotics offer?
Origin Robotics offers BEAK.
Who are Origin Robotics's investors?
Origin Robotics has 4 investors. Key investors include European Union, Change Ventures, Silicon Roundabout Ventures, and Aizsardzības ministrija.