Business Venture Partners
Assembly Line
Invert raises €2.5m in additional funding as it eyes fresh expansion
Dublin-headquartered Invert Robotics has raised a further €2.5 million in investment to help grow its new research and development function in Dublin. The latest round, which is in addition to a previous €10 million investment raised last year, was led by Irish EIIS fund Business Venture Partners (BVP) and US investor TechNexus Venture Collaborative.
Invert, which is chaired by former Aryzta chief executive Kevin Toland, uses robotics for non-destructive, high-precision inspections and testing in assets that are in dangerous or difficult to reach environments. Equipped with high-definition cameras and sensor technology to ensure scientific, accurate analysis of assets, clients can increase safety, reduce costs and speed up inspection times.
The robots can be used to inspect wind turbine blades both on and offshore, examine industrial scale tankers and spray dryers used to produce milk powder, coffee, vitamins and animal feed. Its clients include Danone, Lactalis, Heineken, Milei and DMK.