US-based Softwear Automation has raised a funding of US $ 18.1 million in Series B round.
The robotics and automation solution provider for apparel and textile sewn industry was founded in 2012 and it began raising funds in 2019, according to the U.S. Securities and Exchange Commission filing.
Softwear Automation raised US $ 4.5 million back in 2017, according to an SEC filing, which was the same year when it expanded into a 50,000-square-foot industrial space in West Midtown and doubled its workforce.
The company then reported closing of about US $ 12 million in 2019. The Series B was led by Lear Corporation with participation from CTW Venture Partners.
The company’s flagship solution is the ‘Sewbot’, which leverages a patented computer vision system that uses cameras and needles to track the placement of fabrics in order to sew with a reported greater level of accuracy.
Since spinning out of Georgia Tech in 2007, the company has come on leaps and bounds, partnering with the likes of adidas and Li & Fung to streamline apparel manufacturing.