HomeFundingStuttgart-based industrial wearable startup aucobo raises seven-digit sum from Speedinvest

Stuttgart-based industrial wearable startup aucobo raises seven-digit sum from Speedinvest

Even though production sites have become increasingly automated, communication between employees and machines has not changed in decades. With its industrial smartwatches, Stuttgart-based aucobo is making it possible to transform production processes and make them more efficient. Founded in 2016, the startup has now raised a seven-digit figure from Speedinvest.

The system brings digitalization in production to a whole new level, enabling manufacturers to improve their processes, generate high-quality data about these processes, and increase productivity of machines and personnel. Machines provide information about conditions, error messages and tasks, and enable multi-machine operation through effective self-organization in production. For logistics purposes, the watch provides immediate pick-up instructions and errands, with confirmation and feedback functions.

“We got incredibly good feedback from aucobo’s customers,” said Heinrich Gröller, a partner at Speedinvest. “We also saw that the aucobo team is familiar with the challenges of their clients and has developed a flexible system which fits perfectly to their needs.”

“We intentionally chose our investors,” said co-founder Michael Reutter. “Besides the financial support, which we are mostly going to use to expand our sales team, Speedinvest and 10x are also going to help us with the operative side of scaling our company. That way we can master the challenges of the upcoming phase more easily.”

“The great thing about our system is, that it can directly be configured by the person who sets up the processes,” said Benjamin Schaich, co-founder of aucobo. “That way it can be quickly adapted to the individual needs and structure of each company. Thanks to the flexible organisation concept, employees can then work together to work even more effectively.”

At the moment, aucobo is mostly used in the automotive industry but other branches such as aviation or medtech and pharma are also starting to use the aucobo’s devices.

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Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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