# Wandelbots

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

- Industry: Software
- Headquarters: Dresden, Germany
- Website: www.wandelbots.com
- Total disclosed funding: $121M
- Latest round: Series C (Dec 20, 2021)
- Investors on record: 9

## About

Wandelbots GmbH develops advanced software solutions that enhance industrial automation by facilitating seamless integration of robotics into production workflows, driving efficiency and flexibility in manufacturing processes.Founded in 2017 in Dresden, Germany, Wandelbots GmbH provides software solutions that streamline the orchestration of robots across various production sites. The company was co-founded by Christian Piechnick, who has a background in technology and entrepreneurship. In December 2021, Wandelbots raised USD 84 mn in Series C funding led by Insight Partners, with participation from Microsoft Corporation and other investors. This funding round marked a significant milestone in the company's growth, contributing to an overall valuation of USD 371.40 mn.Wandelbots primarily offers innovative software-driven solutions designed to revolutionize industrial automation across various production sites and robotic systems. Their core product, Wandelbots NOVA, serves as a central platform that enables the orchestration of robots, production cells, and software to enhance flexibility and efficiency within factories. This system facilitates faster deployment and lower total cost of ownership while ensuring future-proof scalability and continuous optimization through simulation. The company targets a diverse client base, which includes manufacturers utilizing robots from multiple vendors, such as ABB, KUKA, FANUC, and Yaskawa. Their products are particularly relevant in manufacturing hubs in Europe, North America, and parts of Asia, where there is a growing need for agile automation solutions that can integrate seamlessly with existing systems and technologies.Wandelbots generates revenue primarily through a subscription-based model for its software solutions, allowing clients to access and utilize the features of Wandelbots NOVA and its associated ecosystem. These transactions typically involve business-to-business (B2B) partnerships with manufacturers and industrial operators, who pay for the software licenses and any additional services required for implementation and support. The company may also engage in collaborations with industry leaders, providing integration services that enhance their clients’ automation capabilities. Specific pricing structures for their offerings are tailored to meet the needs of individual clients, ensuring that businesses can effectively leverage Wandelbots’ technologies to optimize their operations and maintain a competitive edge in the market.In December 2021, Wandelbots GmbH raised USD 84 mn in Series C funding to support its growth objectives. The company plans to expand its global footprint by targeting new markets in the United States and Asia. Recent funding will be utilized to accelerate hiring and build go-to-market organizations in these regions. Additionally, Wandelbots aims to enhance its product offerings with new developments planned for the near future, although specific release dates have yet to be announced.

## Funding rounds

- Series C, Dec 20, 2021, $84M — EQT, N47, Insight Partners, Microsoft Corporation, SquareOne, 83 North, Atlantic Labs, BLUE WHALE
- Series B, Jun 6, 2020, $30M — EQT, N47, SquareOne, 83 North, Atlantic Labs
- Series A, Dec 7, 2018, $6.8M — EQT, SquareOne, Atlantic Labs, BLUE WHALE
- Seed, Dec 1, 2017 — Atlantic Labs, 10x.Group

## Investors

- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed, Series A, Series B, Series C
- 10x.Group (https://capitalatlas.ai/funds/10x-group) — Seed
- EQT (https://capitalatlas.ai/funds/eqt) — Series A, Series B, Series C
- SquareOne (https://capitalatlas.ai/funds/squareone) — Series A, Series B, Series C
- BLUE WHALE — Series A, Series C
- N47 (https://capitalatlas.ai/funds/n47) — Series B, Series C
- 83 North (https://capitalatlas.ai/funds/83-north) — Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Microsoft Corporation — Series C