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Squad Robotics
Helping floor cleaning machines become more autonomous
- AI, IoT, Robotics
- Pre-seed
Location
Latvia
Revenue size
EUR 10,000 - 99,999
Year founded
2018
Funding raised
EUR 2.4 million
Founders
Matiss Brunavs, Didzis Dejus, Agris Nikitenko, Aleksandrs Korsunovs, Vilnis Turkovs
Most relevant investors
Iron Wolf Capital, CFLA/Ministry of Education grants
Team size
10-19
Problem
European cleaning companies spend more than EUR 7 billion a year on worker salaries to operate 1.2 million cleaning machines. There is a huge potential for cost reduction by transitioning to a greater level of autonomous movement.
SOLUTION
Squad Robotics has developed a simple-to-use software AI product - Squad AI - for orchestrating manual and robot cleaning machines. The software makes it possible to autonomise machine movements down to 4 cm. precision, and to communicate and coordinate with each other, to ensure redundancy and better fleet management. Additionally, the software provides deep intelligence for optimizing the utility of the machines, and supports plug’n’play from different manufacturers. Squad Robotics provides manufacturers of floor cleaning machinery with a technological edge to outperform their competitors, generate new revenue streams, and reduce the operating costs for their customers.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
Manual machine manufacturers: Support the value of manual machines, and the transformation to being a robot vendor. Track record - Partnership, Supplier and Distribution deals with two top 10 European Manufacturers Columbus and Stolzenberg (Germany).
Cleaning companies: Integrate robotic and digitization products into operations to generate ROI. Track record - Partnership established with the largest cleaning company in each of the three Baltic countries.
Robot machine manufacturers: Help accelerate user demand of their machines. In pipeline, for the next 18 months.
Team
Squad Robotics team consists of 19 professional individuals. Their team is made up of business leaders and scientists, and even a University Dean. The technical team has come from Riga Technical University - all of whom are passionate about the future of robotics and Industry 4.0.
Unique selling point
Supporting users today (with manual machines), while preparing for transition to a robot centric environment. A mix of technology products and business model that brings both sides of the ecosystem (manufacturers and cleaning companies) into the digital world.
Asia Connection
Founder and CEO, Matiss lived in Thailand, Bangkok and got an MBA there. Squad Robotics is looking for clients as well as funding throughout East Asia.
Pitch
