# Cevotec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cevotec

- Industry: Software
- Headquarters: Germany
- Website: www.cevotec.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Apr 4, 2016)
- Investors on record: 2

## About

Based in Germany, Cevotec GmbH specializes in advanced automation solutions for producing complex composite materials, enhancing efficiency in various industries, including aerospace and hydrogen tank manufacturing.Cevotec GmbH, founded in 2015 in Germany, focuses on automation systems for composite materials production. The company is led by Thorsten Groene, who has a background in composite technologies. Cevotec has completed two funding rounds, with a Seed round raising EUR 1.750 mn on July 12, 2021, from investors Bayern Kapital and High-Tech Gruenderfonds, bringing the total raised to EUR 1.750 mn and a current company valuation of EUR 6.275 mn.Cevotec specializes in advanced automation systems for the production of complex composite materials, particularly through its SAMBA Production System. This system utilizes Fiber Patch Placement (FPP) technology to efficiently lay fibers, such as carbon and glass, into intricate shapes for applications in industries like aerospace and hydrogen tank manufacturing. The fully automated SAMBA systems employ ARTIST STUDIO software, allowing for tailored production processes according to specific customer needs. Cevotec serves a diverse clientele across global markets, including Europe, North America, and Asia, addressing challenges in manufacturing efficiency and cost reduction.Cevotec's revenue model is primarily B2B, providing customized automation solutions for composite manufacturing. Revenue is generated through direct sales of the SAMBA Production System and related services, including software updates and maintenance contracts to ensure system performance. The pricing structure reflects the complexity of the systems, and clients often negotiate specific configurations and additional services. This approach enables Cevotec to capture revenue from both initial sales and ongoing service agreements associated with its technologies.Cevotec plans to leverage its recent funding to enhance its product offerings and expand into new markets. The company is in the process of designing new advanced automation products targeted for launch in 2023, aiming to address evolving industry demands. Additionally, Cevotec is looking to enter markets in Asia and North America by 2024, broadening its global footprint. The funding raised in July 2021 will support these initiatives, enabling the development of innovative solutions and the establishment of a stronger presence in key geographic areas.

## Funding rounds

- Seed, Apr 4, 2016, $1.9M — High-Tech Gruenderfonds, Bayern Kapital

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Seed