German industrial automation startup sewts, closed a € 7 million round of financing. Emerald Technology Ventures, CNB Capital, EquityPitcher Ventures, and Nabtesco Technology Venture led a funding round with additional investors. sewts also secured additional funding from current investors Bayern Kapital, APEX Ventures, and HTGF. Sewts will quicken the roll-out of the sewts with the increased cash.VELUM systems expand into new markets, such as the processing of clothes returns via e-commerce, and are used by worldwide laundries.
sewts’ innovative method of fusing AI, robotics, and material simulation enables the first autonomous handling of textiles while also giving robots human-like vision and gripping abilities.
Alexander Bley, Co-Founder and CEO at sewts, said: “Our long-term vision is a “moonshot” idea – to revolutionise the production of textiles. To get there, we first dedicate ourselves to the most promising niche markets and then approach the big vision step by step.”
sewts is creating more use cases for the textile production life cycle in response to the market’s unparalleled need for automation solutions. In addition to being necessary to address the labour shortfall, the new technology will also help advance global climate goals and safeguard human rights.
