About Smooth Robotics
Smooth Robotics is a company based in Odense (Denmark) founded in 2016.. Smooth Robotics has raised $289.52 thousand across 5 funding rounds from investors including European Union, EIC Fund and RobotUnion. Smooth Robotics offers products and services including SmoothTool and RetroFit Kit. Smooth Robotics operates in a competitive market with competitors including Path Robotics, Xiris Automation, Preston Eastin, Vectis Automation and Cyclotron Automation, among others.
- Headquarter Odense, Denmark
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Smooth Robotics Aps
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$289.52 K (USD)
in 5 rounds
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Latest Funding Round
$55.67 K (USD), Grant
May 31, 2019
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Investors
European Union
& 2 more
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Employee Count
Employee Count
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Products & Services of Smooth Robotics
Smooth Robotics offers a comprehensive portfolio of products and services, including SmoothTool and RetroFit Kit. 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.
Intuitive no-code interface for cobot welding programming
Tools for adapting robots to welding applications
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Funding Insights of Smooth Robotics
Smooth Robotics has successfully raised a total of $289.52K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $55.67 thousand completed in May 2019. 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 5
- Last Round Grant — $55,670
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First Round
First Round
(31 Jan 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Grant - Smooth Robotics | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - Smooth Robotics | Valuation |
investors |
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| Dec, 2018 | Amount | Grant - Smooth 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 Smooth Robotics
Smooth Robotics has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, EIC Fund and RobotUnion. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Robotics startups are accelerated through focused programs and support.
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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 |
| Investor | Description | 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 Smooth 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 - Smooth Robotics
| 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 |
Smooth Robotics Comparisons
Competitors of Smooth Robotics
Smooth 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 Path Robotics, Xiris Automation, Preston Eastin, Vectis Automation and Cyclotron Automation, 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 |
AI-based robotic welding systems are supplied for enterprise use.
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| domain | founded_year | HQ Location |
Provides welding cameras and systems for industrial process monitoring and defect detection.
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| domain | founded_year | HQ Location |
Manufacturer of manual and robotic systems and equipment
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| domain | founded_year | HQ Location |
Offers collaborative robots for welding, cutting, and fabrication automation.
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| domain | founded_year | HQ Location |
Manufactures welding tables, positioners, and fixtures for industrial applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Smooth Robotics
When was Smooth Robotics founded?
Smooth Robotics was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Smooth Robotics located?
Smooth Robotics is headquartered in Odense, Denmark.
Who is the current CEO of Smooth Robotics?
Erik Monster is the current CEO of Smooth Robotics.
Is Smooth Robotics a funded company?
Smooth Robotics is a funded company, having raised a total of $289.52K across 5 funding rounds to date. The company's 1st funding round was a Grant of $56.6K, raised on Jan 31, 2017.
What does Smooth Robotics do?
Smooth Robotics was founded in 2016 in Odense, Denmark. Automated welding robot solutions are offered by the company within the robotics sector. Software is developed to enable welding robots to operate without complex programming requirements. Operations focus on simplifying robot functionality for industrial applications, with services centered in Europe. The leadership includes CEO Erik Monster.
Who are the top competitors of Smooth Robotics?
Smooth Robotics's top competitors include Path Robotics, Preston Eastin and Mhauto.
What products or services does Smooth Robotics offer?
Smooth Robotics offers SmoothTool and RetroFit Kit.
Who are Smooth Robotics's investors?
Smooth Robotics has 3 investors. Key investors include European Union, EIC Fund, and RobotUnion.
What is Smooth Robotics's valuation?
The valuation of Smooth Robotics is $840.49K as of Feb 2019.