# Riact

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/riact-aps

- Industry: Software
- Headquarters: Copenhagen, Denmark
- Website: www.riact.ai
- Latest round: Seed (Oct 6, 2023)
- Investors on record: 2

## About

Based in Copenhagen, Denmark, and founded in 2018, RiACT ApS operates as an information technology company that offers a universal operating system for industrial robots. Some of the firm’s clients include Flanders Make, Universal Robots, Butler, Siemens, Gamesa, etc. In October 2023, the firm raised seed funding led by investors Butterfly Ventures and Mølgaard Capital, with participation from another investor Navigare Ventures. RiACT, as of October 2023, is led by its CEO, Bjarne Grossmann.

The company offers a skill-based robot control platform that simplifies and accelerates the setup, configuration, and operation of industrial robots. RiACT’s software allows for standardized hardware integration and modular application templates, providing an intuitive user interface for controlling robots. Additionally, RiACT offers a range of ready-made applications and templates for various robot applications, including machine tending, pick and place, and palletizing. The company ultimately saves engineering time, provides user autonomy, and enables fast reconfiguration.

The company plans to utilize the October 2023 funding to hire more staff, accelerate the development and commercialization of its Riflex automation software for flexible production systems, and extend its markets in Nordic and European countries such as France, Italy, and Spain.

## Funding rounds

- Seed, Oct 6, 2023 — Butterfly Ventures, Navigare Ventures

## Investors

- Butterfly Ventures (https://capitalatlas.ai/funds/butterfly-ventures) — Seed
- Navigare Ventures (https://capitalatlas.ai/funds/navigare-ventures) — Seed