# Micropsi Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/micropsi-industries

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.micropsi-industries.com
- Total disclosed funding: $39M
- Latest round: Series B (Dec 6, 2021)
- Investors on record: 8

## About

Micropsi Industries GmbH is a Berlin-based company specializing in AI-driven computer vision solutions that empower industrial robots to perform complex tasks seamlessly in dynamic manufacturing environments.Founded in 2014 in Berlin, Germany, Micropsi Industries GmbH develops advanced software solutions for robotics, focusing on enhancing automation capabilities. The founders include Dominik Welland, Joscha Bach, Priska Herger, and Ronnie Vuine. The company has raised a total of USD 30.000 mn through multiple funding rounds, with the latest being a Series B round completed on December 6, 2021, led by Metaplanet Holdings, which notably introduced new investors alongside existing ones such as Project A Ventures. As of now, the company has completed 7 deals and has a current valuation of USD 124.661 mn.Micropsi Industries specializes in AI-powered computer vision solutions for robotics, with its flagship product being the MIRAI software platform. MIRAI enables industrial robots to perform complex tasks that are challenging for conventional automation systems, such as handling reflective and transparent objects, adapting to real-time changes in production conditions, and managing variances without the need for CAD data or extensive pre-definition of visual features. The software has been effectively deployed in environments where traditional computer vision systems fall short, enhancing productivity and quality across various applications like end-of-line testing and automated screwdriving. The company serves a diverse client base, including notable entities such as Bosch Siemens Hausgeräte (BSH) and DEPRAG, primarily operating in the European market. The adaptable nature of MIRAI allows it to be retrained for different production tasks, positioning it as a versatile solution for modern manufacturing challenges.Micropsi Industries generates revenue through direct business-to-business transactions, primarily by providing its MIRAI software to manufacturing firms seeking to enhance their automation capabilities. Clients typically engage in structured partnerships where they license the MIRAI system, tailored to meet specific operational needs. The revenue model may include one-time licensing fees, ongoing support and maintenance contracts, or subscription-based services that facilitate continuous updates and enhancements to the software. The company's revenue is largely driven by the deployment and ongoing usage of its proprietary technology in various industrial automation applications, enabling Micropsi Industries to establish long-term relationships with clients and facilitating a steady revenue stream as clients leverage the advanced capabilities of MIRAI in their production processes.In December 2021, Micropsi Industries GmbH raised USD 30.000 mn in Series B funding, led by Metaplanet Holdings, to support its operations. The company plans to utilize this funding to expand its operations in the US, enhance its sales efforts, and broaden its reach to additional robot platforms. Future product designs and developments are anticipated, although specific details regarding new launches have not been disclosed. The targeted expansion into the US market underscores the company's strategy to establish a stronger presence in North America, aligning with its growth objectives.

## Funding rounds

- Series B, Dec 6, 2021, $30M — Project A, M Ventures, Ahren Innovation Capital, Metaplanet Holdings, Vsquared Ventures
- Series A, Oct 30, 2018, $6.1M — Project A, Vito Ventures, Coparion
- Seed, May 17, 2017, $3.3M — Vito Ventures, Asgard, Coparion
- Seed, Oct 1, 2016 — Asgard

## Investors

- Asgard (https://capitalatlas.ai/funds/asgard) — Seed
- Vito Ventures (https://capitalatlas.ai/funds/vito-ventures) — Seed, Series A
- Coparion (https://capitalatlas.ai/funds/coparion) — Seed, Series A
- Project A (https://capitalatlas.ai/funds/project-a) — Series A, Series B
- M Ventures (https://capitalatlas.ai/funds/m-ventures) — Series B
- Ahren Innovation Capital (https://capitalatlas.ai/funds/ahren-innovation-capital) — Series B
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series B
- Vsquared Ventures (https://capitalatlas.ai/funds/vsquared-ventures) — Series B