Finnish Butterfly Ventures joins an investment for Danish RiACT ROBOTICS
RiACT ROBOTICS, Copenhagen-based robotic automation software provider, has announced closing the fresh round to transform the manufacturing industry. It was backed by Butterfly Ventures, Navigare Ventures, and Mølgaard Capital.
- Founded by Bjarne Grossmann, RiACT is a B2B deep tech company that provides robotic automation software for agile production systems. Its RiFLEX Runtime, a complete solution for common manufacturing tasks for operators has just been launched.
- RiACT has started a beta program for the RiFLEX Developer version for integrators — a complete suite to create, configure and deploy manufacturing solution for their customers. The startup plans to expand the markets of several Nordic and European countries, including Spain, Italy, and France.
“We are excited to join Navigare Ventures and Mølaard Capital to support the team at RiACT in their journey to bring RiFLEX to the robotics world. This easy-to-use and flexible platform is backed by more than 30 years of joint research, and we look forward to seeing the RiFLEX system pave the way for more standardized robot programming,”Tanya Horowitz, Partner at Butterfly Ventures, commented.
- Butterfly Ventures, with offices in Helsinki, Oulu, Stockholm, Tallinn, and Copenhagen that invests in pre-seed & seed stage startups in the Nordics and Baltics, together with Navigare Ventures, Swedish early-stage investor co-led the investment. The amounе of the deal was not disclosed.
- RiACT aims to expand the team and accelerate both the development and commercial rollout of RiFLEX.