Swiss-Mile Raises $22M in Seed Funding to Advance AI-Powered Industrial Robots
Swiss-Mile is at the forefront of innovation in the field of industrial robotics.
Company Name: Swiss-Mile
Location: Zurich, Switzerland
Sector: AI, Robotics, Industrial Automation
Funding Details: Raised $22 million in seed funding, led by Jeff Bezos through Bezos Expeditions and HongShan, with participation from the Amazon Industrial Innovation Fund, Armada Investment, and existing investor Linear Capital.
Purpose of Investment: The company plans to use the funds to expand operations and further develop its AI-powered industrial robots.
Product and Innovation: Swiss-Mile, a spin-off of the Robotic Systems Lab at ETH Zurich, is pioneering the development of autonomous robots equipped with both legs and wheels, designed to bridge the gap between AI and the physical world. These robots are engineered to relieve humanity from repetitive and tedious tasks, enhancing efficiency in various sectors. The company has already achieved early successes in its first year with pilot deployments, including last-mile delivery in smart cities and security for critical infrastructure.
About the Company: Led by a team of experts including Dr. Marko Bjelonic (CEO), Dr. Giorgio Valsecchi (CTO), Dr. Lorenz Wellhausen (CTO Software), Alexander Reske (COO), and Prof. Dr. Marco Hutter, Swiss-Mile is at the forefront of innovation in the field of industrial robotics. By combining AI with advanced robotic systems, Swiss-Mile aims to transform industries by automating tasks that have traditionally required human labor, thus contributing to smarter cities and more secure infrastructures.
