KEWAZO, a robotics and AI provider for heavy industry, has raised a new investment round, bringing its total funding to $35 million. The company’s LIFTBOT lifting robot is already deployed at over 20 industrial sites in North America and Europe.
Led by Schooner Capital, the funding round included Chevron Technology Ventures, Asahi Kasei, Benson Capital, Mana Ventures, Gaingels, and Atlas Ventures. Existing investors True Ventures and Cybernetix Ventures also participated. The new capital will accelerate deployment capacity, expand into additional workflows, and deepen integration within existing customer sites.
Company Context
KEWAZO, with locations in Munich and Houston, offers LIFTBOT, a lifting robot that replaces cranes and manual handling, improving safety and enhancing efficiency. LIFTBOT is in use at refineries, petrochemical plants, chemical complexes, and power facilities, bringing greater schedule predictability to maintenance, turnarounds, and capital projects.
Industry Context
The funding and deployment of LIFTBOT are significant for the heavy industry sector, as it addresses key priorities such as enhancing safety, shortening maintenance windows, and applying deep technical expertise to complex physical environments. The company’s physical AI platform, built on structured operational data from existing deployments, aims to introduce transparency and enable automation in industrial operations.
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Source: The Robot Report (Friday)