Eleven Dynamics Secures Funding Round for Expansion and Scaling of Automated Measurement Technology
Eleven Dynamics AG, a premier software developer and full-breed integrator of automated and open production solutions, ensures 100% production monitoring for leading manufacturers such as BMW, Audi, and Sauber Motorsport. With its latest Seed+ investment round, the company has secured CHF 3.5 million ($3.9 million). The round was led by the newly acquired lead investors EquityPitcher Ventures and seed + speed Ventures and realized together with the other new investors, including Zürcher Kantonalbank and angel investor Bertrand Gili, as well as existing investors Bloomhaus Ventures and Schauenburg Ventures. In addition, the company raised CHF 3 million ($3.3 million) through a loan from the Swiss Technology Fund.
Elevating Automated Measurement Technology For Smart Factory 4.0
As a fully integrated technology partner, Eleven Dynamics redefines measurement automation in industrial manufacturing. Their open software platform for automated metrology enables companies to transition toward a ‘Smart Factory 4.0′, where production steps are optimized, and quality assurance is fully automated. Additionally, their solutions integrate predictive maintenance to minimize downtime.
The company’s flagship software, Automation Suite, simply interconnects existing Metrology software and best in class measurement devices and sensors to plan, automate and streamline measurement workflows and adapts seamlessly to customers’ selected hardware and robot configurations. By leveraging Eleven Dynamics’ technology, automotive leaders like BMW and Audi have significantly reduced production cycle times, setting new industry standards for efficiency and precision.
“Eleven Dynamics enables the best components to work together – each specifically tailored to the customer’s requirements. With measurement cycles that are up to 100 times faster, they offer unbeatable added value for the production lines of the future” comments Hermann Koch, Founding Partner EquityPitcher Ventures.
“We are impressed by the vision and expertise of the Eleven Dynamics team. Their open platform enables companies to identify deviations in automated production before they become a problem and lead to rejects. This saves both time and resources – an absolutely crucial competitive advantage” stated Alexander Kölpin, Co-Founder and Managing Director of seed + speed Ventures.
Global Expansion and Technological Advancement
Following the successful financing round, Eleven Dynamics can further accelerate its organic growth. The investment enables the scaling of individual measuring cells to entire production lines and plants, targeted expansion into the APAC market and other industries such as aerospace. The further development of the software platform enables customers to reliably and easily integrate the latest technologies – such as robotics, sensors, cameras with artificial intelligence and automated guided vehicles – into their production lines. Eleven Dynamics also plans to integrate artificial intelligence across platforms and expand its sales team.
New Supervisory Board Members
Eleven Dynamics is strengthening its Board of Directors with the appointment of Bertrand Gili and Hermann Koch from Equity Pitcher. Both bring extensive experience in technology investments and strategic growth and will join existing Board members Michael Fischer, Santiago Droll and Pascal Stürchler from Bloomhaus Ventures to support the company in its next phase of growth and expansion.
“I am very excited about our recent investment round, which brings not only capital but also strong industry connections. With Bertrand Gili, a senior international executive with over 20 years of metrology and manufacturing experience, joining our board, we are ready to scale, optimize, and expand. His contribution will be extremely valuable for the coming years” commented Santiago Droll, Eleven Dynamics CEO.
For more information: www.11dynamics.com
