Swiss robotics company Anybotics recently announced an additional investment of $60 million in its Series B funding round, bringing the total amount raised in this round to $110 million. This comes just 18 months after the company first announced it had secured $50 million in Series B funding.
Anybotics was spun off from ETH Zurich in 2016, focusing on the development of a quadruped autonomous inspection robot named Anymal. Anymal is equipped with various sensors and cameras to monitor equipment in industrial environments, including tracking thermal anomalies for preventive maintenance and detecting the presence of combustible gases.
Dr. Peter Venkhouser, co-founder and CEO of Anybotics, stated, “Anybotics aims to address the challenges of performing routine inspections in complex and hazardous industrial environments. By automating these tasks, we can minimize human exposure to dangerous or hard-to-reach areas, reduce downtime through more frequent inspections and greater coverage, and simplify maintenance processes, thereby improving productivity and operational reliability.”
This Zurich-based startup reported that since completing its first Series B financing 18 months ago, its sales have doubled, and it has deployed nearly 200 robots across the oil and gas, mining, power, utilities, and metals industries. Its clients include Novelis (an aluminum rolling and recycling company), Iamgold (a gold mining company), Stelco (a steel manufacturer), and Stanford University, which uses Anybotics for “advanced research purposes.”
Venkhouser explained, “The number of robots deployed by our clients ranges from a single unit to fleets of over 10 robots, with the largest orders approaching 20 robots. As many industrial clients operate over 100 factories worldwide, each with the potential to deploy multiple Anymal robots, fleet orders are becoming increasingly common.”
Since its inception, Anybotics has raised a total of $130 million. With this new $60 million injection, the company will have ample funds to drive its expansion into the U.S. market, having already opened an office in San Francisco. Notably, Anybotics chose to label this latest investment as a continuation of the funding round from 18 months ago, rather than calling it a Series C round. This decision is related to how the company plans to use the funds.
Venkhouser mentioned, “The extension of the Series B funding focuses on expanding our core business globally, including our expansion in the U.S. Series C funding will aim at broader growth, extending our product portfolio into new applications and industries.”
In other words, we are likely to see a larger scale of investment in the next round, although it is unlikely to happen before 2026.
This extension of the Series B funding round was co-led by new investors Qualcomm Ventures and Supernova Invest. Numerous new and existing investors participated in the funding, including Bessemer Venture Partners, Nokia-backed NGP Capital, Swisscanto, Swisscom Ventures, TDK Ventures, and Walden Catalyst.
