About Wandelbots
Wandelbots is a company based in Dresden (Germany) founded in 2017 by Christian Piechnick.. Wandelbots has raised $125.84 million across 6 funding rounds from investors including Microsoft, European Union and Pana. The company has 85 employees as of December 31, 2020. Wandelbots offers products and services including Wandelbots NOVA, Digital Twin, and AI Services. Wandelbots operates in a competitive market with competitors including micropsi industries, GrayMatter Robotics, Rendered.ai, T-Robotics and Odico, among others.
- Headquarter Dresden, Germany
- Employees 85 as on 31 Dec, 2020
- Founders Christian Piechnick
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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 Wandelbots Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125.84 M (USD)
in 6 rounds
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Latest Funding Round
$277.91 K (USD), Grant
Mar 01, 2023
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Investors
Microsoft
& 15 more
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Employee Count
85
as on Dec 31, 2020
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Products & Services of Wandelbots
Wandelbots offers a comprehensive portfolio of products and services, including Wandelbots NOVA, Digital Twin, and AI Services. 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.
Software for centralizing and optimizing industrial robot operations.
Platform to validate and optimize robot setups virtually.
Tools for smart path planning and productivity increase.
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Funding Insights of Wandelbots
Wandelbots has successfully raised a total of $125.84M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $277.91 thousand completed in March 2023. 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 6
- Last Round Grant — $277,905
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First Round
First Round
(01 Jun 2017)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Grant - Wandelbots | Valuation |
investors |
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| Jan, 2022 | Amount | Series C - Wandelbots | Valuation | Insight Partners | |
| Jun, 2020 | Amount | Series B - Wandelbots | Valuation | 83NORTH |
| 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 Wandelbots
Wandelbots has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Microsoft, European Union and Pana. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Tech-focused, stage-agnostic venture capital is provided by 83NORTH.
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Founded Year | Domain | Location | |
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Venture investments in systems, infrastructure, and applications for enterprise founders.
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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 Wandelbots
| 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 - Wandelbots
| 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 |
Wandelbots Comparisons
Competitors of Wandelbots
Wandelbots 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 micropsi industries, GrayMatter Robotics, Rendered.ai, T-Robotics and Odico, 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 |
Provider of AI software for industrial robots to mimic human movements
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| domain | founded_year | HQ Location |
GrayMatter Robotics is focused on AI-powered robotic solutions for manufacturers.
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| domain | founded_year | HQ Location |
Provider of AI and cloud-based tools to produce synthetic datasets for AI training
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| domain | founded_year | HQ Location |
AI models and neural networks are supplied for robot training.
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| domain | founded_year | HQ Location |
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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| 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 Wandelbots
Frequently Asked Questions about Wandelbots
When was Wandelbots founded?
Wandelbots was founded in 2017.
Where is Wandelbots located?
Wandelbots is headquartered in Dresden, Germany. It is registered at Dresden, Saxony, Germany.
Who is the current CEO of Wandelbots?
Christian Piechnick is the current CEO of Wandelbots. They have also founded this company.
Is Wandelbots a funded company?
Wandelbots is a funded company, having raised a total of $125.84M across 6 funding rounds to date. The company's 1st funding round was a Series B of $33.96M, raised on Jun 01, 2017.
How many employees does Wandelbots have?
As of Dec 31, 2020, the latest employee count at Wandelbots is 85.
What does Wandelbots do?
Software for no-code robot programming is developed by Wandelbots, founded in 2017 in Dresden, Germany. AI-driven robot integration is enabled through demonstration-based teaching with a sensor-attached pen that tracks human motion in real-time for robot replication. Platform-independent automation scripts are generated from multiple examples using machine learning and converted to platform-specific code. Partnerships are maintained with automotive and electronics manufacturers.
Who are the top competitors of Wandelbots?
Wandelbots's top competitors include GrayMatter Robotics, micropsi industries and T-Robotics.
What products or services does Wandelbots offer?
Wandelbots offers Wandelbots NOVA, Digital Twin, and AI Services.
Who are Wandelbots's investors?
Wandelbots has 16 investors. Key investors include Microsoft, European Union, Pana, Insight Partners, and 83NORTH.
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