Invert Robotics Group Limited

Invert Robotics Group Limited, based in Dublin, Ireland, specializes in robotic inspection solutions that enhance asset integrity and safety in various industries, leveraging advanced technology for remote inspections. Founded in 2011 and headquartered in Dublin, Ireland, Invert Robotics Group Limited provides innovative robotic inspection services. The company has successfully completed 5 deals, with the most recent funding round occurring on August 30, 2023, co-led by Business Venture Partners and TechNexus Venture Collaborative, raising EUR 2. 53 mn.

The total amount raised by the company is EUR 2. 53 mn, with a current valuation of EUR 25. 93 mn. Invert Robotics specializes in advanced robotic inspection solutions designed to enhance asset integrity and ensure safe working conditions across various industries.

The company's core offerings include modular, multi-technology crawler platforms that utilize patented vacuum adhesion technology, enabling them to conduct non-destructive remote inspections of containers, tanks, piping, and other confined or hazardous spaces. These robotic platforms are capable of detecting and mapping defects as small as 65 microns, allowing for precise assessment of asset health without the need for human entry into dangerous environments. The primary client base includes sectors such as food production, chemicals, pharmaceuticals, aerospace, and energy, with solutions deployed in over 24 countries worldwide, ensuring compliance with safety regulations and operational efficiency. In 2023, Invert Robotics reported a revenue of EUR 1,380,538.

90 and an EBITDA of EUR 517,795. 50. The company engages in B2B transactions, providing inspection services and technologies through direct partnerships with industrial clients. Its revenue generation model includes fee-based services for scheduled maintenance, fault detection, and emergency inspections utilizing their robotic platforms, such as the M-, H-, and V-series.

Clients benefit from tailored non-destructive testing (NDT) solutions, with all inspections being fully repeatable and supported by comprehensive data analytics for ongoing asset tracking. In August 2023, Invert Robotics secured EUR 2. 53 mn in venture funding to enhance its research and development capabilities. The company plans to expand its product offerings and is focused on launching new inspection technologies in the near future.

Additionally, Invert Robotics aims to penetrate new markets, targeting specific industries and geographic regions to broaden their service reach. The funding will support these initiatives and facilitate the development of innovative solutions to meet client demands.