Bigwave Robotics, a leading robot solution platform, has announced a successful Series A investment round, securing 9.8 billion won ($8.2 million). The investment was led by KB Investment, with participation from Mirae Asset Capital, Shinhan Venture Investment, We Ventures, and Aston Ventures.
The company’s flagship product, Marosol, has been developed to address information asymmetry in the robot industry. It recommends and supplies the optimal robot solution for customers based on their specific situation and environment. Marosol has partnerships with about 400 companies, which account for 80% of domestic robot solution suppliers.
By simply photographing and uploading the process that needs to be automated, Marosol’s automation databases analyze success/failure/delay cases by scenario and match the optimal supplier and product.
Big Wave Robotics has also launched several additional products, including various financial products such as leasing to lower the initial cost burden, insurance products exclusively for robots, and used robot marketplaces.
More recently, the company launched Sollink, an integrated control system that can monitor robots from various manufacturers at once and instruct work. With Sollink, 10 models of 7 brands can be integrated and controlled. Various robots scattered over a large space and multiple floors can be controlled in real-time on one coordinate system.
The company plans to use the funds raised in this investment round to further develop and expand its range of products and services. This will enable it to continue to lead the way in addressing the challenges facing the robot industry, and provide its customers with the best possible solutions for their needs.
Also Read,
- Bear Robotics’ next-gen serving robot ‘Servi+’ revolutionizes Korean Cuisine with advanced features
- Seoul Robotics aims for an IPO in 2025, post-Series B funding of $ 25 million
- Korean startup H Robotics’ global expansion to the US & Middle East markets with its rehab robot
- Korean startup Nau Robotics to expand industrial robot market share & launch an IPO in 2023
