Practica will invest 500,000 euros into Lithuanian robotics firm Rubedo Sistemos, which says it is the first robotics company in the Baltics and one of the first in the Nordic-Baltic region to receive VC funding.
Rubedo Sistemos is a Lithuania-based pioneer company of mobile robotics solutions, which focuses on bringing to the market its AI software and services that enable self-driving vehicle development, deployment and fleet operation. The funding will support product launch and commercialization.
Kaunas-based Rubedo team has already built the FDA-compliant robotic precise tumour targeting solution supplied to the Swedish exchange-listed medical device company Elekta and installed worldwide. The team is also developing novel unmanned missioning solutions for autonomous vehicles, which dominate the fastest-growing end-user robotics applications from logistics, security and surveillance to assistive living.
“As early as in 2013, when we started to focus on it and took our first steps towards investing into mastering the technology, the mobile robotics applications were something yet to be discovered by many. Since then we have been observing a tenfold increase in consumer interest as well as business acceptance of the general idea that certain services could as well (and better still!) be provided by safe mobile robots, thus opening new niches of value creation,” said Dainius Karkauskas, CEO of Rubedo Sistemos.