BotsAndUs Andrei Danescu

BotsAndUs secures £4.8 million Series A investment led by Kindred Capital and Capnamic Ventures

BotsAndUs secures $6m, to continue its mission to bring autonomous robotics into everyday environments

  • BotsAndUs’ autonomous robotics solutions are designed for indoor, dynamic, public spaces.
  • They are the engine for real-time data that automates customer service and operations to reduce costs, increase sales, optimise compliance and boost customer satisfaction.
  • The company is already working with MediaMarktSaturn, dnata, Heathrow Airport and British Airways.
  • CEO Andrei Danescu confirms there has been “a significant increase in demand for automation driven by Covid-19” and the requirements for safety and social distancing rules businesses need to adhere to.

BotsAndUs has secured $6m to date. This figure includes an equity funding round led by Kindred Capital and Capnamic Ventures, with angel investors from the UK and the US also participating in the round. The company was also awarded funding from the European Union’s Horizon 2020 research and innovation programme as well as Innovate UK. 

The company focuses on creating robots that work alongside people in places such as large retail stores, shopping centres, airports, office buildings, and digitise the full customer journey by offering 24/7 customer service and automating on site data collection and analytics. The data the robots collect, and tasks they automate, enable clients to make informed business decisions that drive efficiency, reduce costs and increase revenues. Clients include MediaMarktSaturn, Heathrow Airport, British Airways and dnata, among others.

With the newly invested capital, BotsAndUs intends to grow the team, accelerate robot deployments, and explore new products and services in response to the significant increase in the demand for automation. The company aims to accelerate deployment of their automation solutions across indoor, dynamic spaces – these are unstructured environments where people traffic and excessive noise normally create challenges for autonomous robots.

Andrei Danescu, CEO at BotsAndUs, “We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value. We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it.”

Kindred Capital says, “We’ve been following BotsAndUs’ progress over the past few years and have been very impressed with the founders’ ambition, innovative approach and ability to build a fantastic team around their mission. Their pioneering robotics and AI products are at the forefront of a much needed next wave of automation – bringing robots out of factories and warehouses so they can make an impact on businesses operating in a variety of indoor, crowded, public spaces.” (Russell Buckley, Partner at Kindred Capital) 

Capnamic Ventures says, “The founders have a truly bold vision with the potential for massive impact. They have gathered great talent and this amazing team is equipped with all the necessary skills to develop and commercialise their innovative technology to gather and analyse real-time data in dynamic public spaces. We are very excited to support BotsAndUs in establishing and nurturing partnerships with Europe’s biggest brands.” (Jorg Binnenbrucker, Partner at Capnamic Ventures) 

BotsAndUs has seen impressive growth in recent years. The company was awarded the European Union’s Horizon 2020 – EIC-SME Instrument, which enabled them to develop their technology, now commercialised and ready to be deployed at scale. Innovate UK and accelerators such as Robot Union and GENIUS NY have also funded and supported the growth of the company. 

Ends 

About BotsAndUs:

BotsAndUs is an AI and robotics company from London, UK. The company focuses on data capturing and automation through fleets of autonomous robots that work alongside people in dynamic, public spaces. The state of the art technology in BotsAndUs’ products allows for efficient and safe autonomous navigation and user interaction in crowded, public spaces, while the advanced data capturing and processing offers our clients access to unprecedented, real time insights across their business estates. 

BotsAndUs are already collaborating with some of Europe’s biggest retailers and airports to support them across customer service and operations. The data their robots collect and tasks they automate allows clients to serve the right customer, the right product at the right time and in the right place, in the most efficient way possible. 

Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.