Champel Capital announced that it has added Indoor Robotics to its investment portfolio. Indoor Robotics has a vision of a higher quality of life made possible with the help of task-oriented robots. Champel Capital is a young VC believing in entrepreneurs developing innovative products that respond to real market needs and will make impact on the world.
What is the market offering of Indoor Robotics?
Developing an autonomous indoor security robot has challenged robotics designers for years. While some ground-based robots are commercially available, ordinary Item likes a chair, or a step can prevent them from fully securing an area. Indoor Robotics’ Tando™ uses multiple sensors and proprietary algorithms to accurately map any Indoor space, allowing It to navigate around any Items in Its path, enabling it to secure and monitor large areas.
“We chose to invest in Indoor Robotics for its people and their outstanding AI-based robotics technology. The founders, Doron Ben-David and Amit Moran, are experienced individuals coming from the robotics and space industries with a lot of passion and vision to improve the lives of humankind,” commented Amir Weitmann, managing partner at Champel Capital.
What were Indoor Robotics’ thoughts on the funding?
Tando™ docks on the ceiling and functions as a security camera when not in flight. Tando™ has already been deployed by the world’s leading enterprises and security monitoring companies and is making a tangible impact on safety and security. “We are very excited to join Champel’s portfolio of companies,” said Doron Ben David, CEO and co-founder.
“We share a vision about how the future of robotics could look like and look forward to working together in making this vision a reality,” David said. Champel Capital is joining Indoor Robotics’ recently announced $18m series A. The round was led by Pitango and included the European Innovation Council, Target Global, Spider Capital, and others. This round enables Indoor Robotics to boost product development and enable intelligent indoor security globally.