About XITO
XITO is a company based in Ulm (Germany) founded in 2020 by Matthias Lutz, Alex Lotz, and Dennis Stampfer. XITO has raised $1.73 million across 2 funding rounds from investors including High-Tech Gründerfonds and MBG. XITO offers products and services including XITO Designer, XITO Marketplace, and XITO Builder. XITO operates in a competitive market with competitors including Covariant, Formant, Viam, MOV.AI and Trace Machina, among others.
- Headquarter Ulm, Germany
- Founders Matthias Lutz, Alex Lotz, Dennis Stampfer
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Sectors
Industrial Goods & Manufacturing
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Email
Locked
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Phone
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Website
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Social
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- Legal Name Toolify Robotics Gmbh
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.73 M (USD)
in 2 rounds
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Latest Funding Round
$1.73 M (USD), Seed
Feb 24, 2024
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Investors
High-Tech Gründerfonds
& 1 more
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Employee Count
Not available
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Products & Services of XITO
XITO offers a comprehensive portfolio of products and services, including XITO Designer, XITO Marketplace, and XITO Builder.
Digital tool for planning robotics automation solutions
Platform for sourcing and buying robotics components
Tool for deploying robotics without programming knowledge
Funding Insights of XITO
XITO has successfully raised a total of $1.73M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.73 million completed in February 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.
Investors in XITO
XITO has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include High-Tech Gründerfonds and MBG.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in high-tech startups by HTGF.
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Venture capital firm focused on small and mid-sized companies
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Investor details for XITO
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Investments & Acquisitions by XITO
Investment portfolio details for XITO
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Financial Statements - XITO
Detailed financials for XITO
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Xito Comparisons
Peer comparison for XITO
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Competitors of XITO
XITO 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 Covariant, Formant, Viam, MOV.AI and Trace Machina, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Imitation models are developed for teaching robotic arms articulation tasks.
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Cloud-based solutions for robot fleet control and monitoring are offered.
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A platform for integrating data, AI, and automation is developed.
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AI-based robotics engine platform is developed for automation products.
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Simulation infrastructure is provided for safety-critical physical world AI development.
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AI-driven solutions for automated material handling in warehouses are provided.
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Detailed competitors of XITO
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Latest news on Xito
Complete news archive for XITO
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Frequently Asked Questions about XITO
XITO was founded in 2020 and raised its 1st funding round 3 years after it was founded.
XITO is headquartered in Ulm, Germany. It is registered at Ulm, Baden-wurttemberg, Germany.
Dennis Stampfer is the current CEO of XITO. They have also founded this company.
XITO is a funded company, having raised a total of $1.73M across 2 funding rounds to date.
XITO was founded in 2020 in Ulm, Germany, with co-founders Matthias Lutz, Alex Lotz, and Dennis Stampfer serving as CEO. Operations are centered in the robotics sector, where application services are delivered to integrate automation solutions for industrial clients. Focus is placed on practical implementations of robotic technologies across various sectors. Geography is primarily based in Germany, supporting regional and European projects.
XITO offers XITO Designer, XITO Marketplace, and XITO Builder.
XITO has 2 investors. Key investors include High-Tech Gründerfonds, and MBG.