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120ft launches with €576K to build robot-run microfactories

1 reports1 report sources3 days agoUpdate

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Swedish robotics startup 120ft Factory AB launched with €576,000 ($644,000) from 22 angel investors to build autonomous microfactories staffed by humanoid robots. Customers do not buy robots. Brands pay per finished product and keep their existing component suppliers, which ship parts to a 120ft site where robots shared among several customers handle final assembly, inspection and packing. The funding is earmarked for reaching commercial production and further developing the company's software and factory infrastructure. 120ft says it plans to extend the same local production model to repair, upgrades and remanufacturing over the longer term.

AI-generated from reports · 3 days agoUpdate

Latest updatesOct 15 15:00
120ft raises €576K angel funding to build humanoid-robot microfactories

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Oct 15
  1. SiliconANGLE
    120ft raises €576K angel funding to build humanoid-robot microfactories

    Swedish startup 120ft Factory AB launched with €576,000 ($644,000) from 22 angel investors to build autonomous microfactories run by humanoid robots. Customers pay per finished product.

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