Flink Robotics receives 150,000 Swiss francs from Venture Kick

Venture Kick is supporting Flink Robotics, a spin-off of the Swiss Federal Institute of Technology in Zurich(ETH), with 150,000 Swiss francs. According to a press release issued by the start-up sponsor from Schlieren, the money will be used to accelerate progress in industrial automation. Robots should be able to adapt seamlessly to dynamic environments, according to the Küsnacht-based start-up.

According to the information, more than 4 million industrial robots are currently in use. However, human labor continues to dominate in certain tasks such as packing, sorting and unloading goods.With FlinkAutonomy, Flink Robotics has developed software to transform robots into plug-and-play robots.

Based on integrated physical intelligence, they could perceive changes in their environment and make decisions.This capability represents an opportunity worth billions, according to the company.Flink Robotics' first customers are in the parcel delivery and end-of-line packaging industries. These are the areas where the labor shortage is greatest, and where plug-and-play robots could be used for collaborative material handling tasks in the future.

The funding is a continuation of a capital increase already provided at the start of the company. The funding has provided the necessary resources to acquire the first customers and develop the first version of the product, according to the statement."The support from Venture Kick is a recognition of our work and our potential to change the robot automation industry," Moritz Geilinger, CEO of Flink Robotics, is quoted as saying. ce/heg