# Pick-it N.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pick-it-n-v

- Industry: Software
- Headquarters: Leuven, Belgium
- Website: www.pickit3d.com
- Total disclosed funding: $2.9M
- Latest round: Series A (Jun 13, 2018)
- Investors on record: 2

## About

Pick-it N.V. develops innovative 3D vision technology, enhancing robotic automation for varied manufacturing applications. Their solutions streamline processes and improve efficiency in dynamic environments.Founded in 2012 in Leuven, Belgium, Pick-it N.V. specializes in 3D vision solutions for robotic automation. The company has raised EUR 2.5 mn in Series A funding on June 13, 2018, led by VMF Invest, with participation from PMV - ParticipatieMaatschappij Vlaanderen NV. CEO Jean-François Remy leads the firm, which has engaged in one funding deal to date.Pickit specializes in advanced 3D vision solutions that enhance robotic automation capabilities across various manufacturing processes. The company's core offering, the Pickit 3D Vision Solution, uses sophisticated hardware and a robust software platform to enable robots to identify and manipulate objects in dynamic environments. This technology is particularly suited for applications such as bin picking, depalletization, surface treatment, and assembly, where items may not have a fixed location or may be presented randomly. Targeted primarily at manufacturers, industrial automation firms, and logistics providers, Pickit serves a global clientele, including companies in North America, Europe, and Asia. The products are designed to streamline production lines, reduce operational costs, and alleviate the burden of repetitive tasks on human workers, thereby supporting the industry's shift towards flexible automation.Pickit operates on a B2B model, engaging directly with manufacturers and automation integrators to deliver its 3D vision solutions. The company’s revenue structure is based on the sale of hardware, software licenses, and maintenance services, reflecting direct transactions and client partnerships. Clients acquire the Pickit 3D Vision Solution through one-time purchases of hardware coupled with ongoing software subscription fees for updates and support. The firm also provides lifecycle services to ensure the sustained performance of its systems. The flagship product, Pickit 3.5, along with high-definition cameras and sensors, constitutes a significant portion of the revenue-generating offerings. In the most recent year, Pickit reported an EBITDA of EUR 69,048.10.Pick-it N.V. plans to leverage the EUR 2.5 mn raised in Series A funding to enhance its product offerings and expand into new markets. The company is developing next-generation 3D vision solutions aimed for launch in 2024, targeting increased applications in automotive and electronics manufacturing sectors. Additionally, Pickit seeks to establish a presence in Asia-Pacific markets by 2025, aiming to meet the growing demand for automation solutions in these regions.

## Funding rounds

- Series A, Jun 13, 2018, $2.9M — PMV, VMF Invest

## Investors

- PMV (https://capitalatlas.ai/funds/pmv) — Series A
- VMF Invest — Series A