Advised by Walter Billet Avocats, the Franco-American start-up Fuzzy Logic raises 2.5 millions euros for its seed round when opening its capital to two DeepTech funds: 42CAP, a German fund based in Munich, and Karista (via the Paris Region Venture Fund).
Fuzzy Logic, which originated in the French start-up ecosystem (Agoranov and Wilco), is developing an “all-in-one” software platform that dramatically simplifies every step of robotization, from robotic cell design to daily reprogramming in the factory by operators. It reproduces a virtual environment in which the robot in the factory can be controlled “on the fly” and as simply as a video game.
Thanks to awards and support from the French public investment bank, Bpifrance, as well as the European Union, the company has accumulated more than 600,000 euros in pre-seed financing. Aiming at reinforcing its R&D and its technical team, in order to deploy to new customers within Europe, Fuzzy Logic raises a 2.5 millions euros seed financing provided by two investors: 42CAP and Karista – via the Paris Region Venture Fund.
The Fuzzy Logic mission: unlock flexible production for any manufacturer, by making the robot a simple tool – accessible to any operator.
Robotic devoted to operators
The platform is attracting strong interest from large companies, especially for applications with many different part types to be programmed or which have demanding quality requirements. Fuzzy Studio TM (desktop application) and Fuzzy RTOS TM (embedded software) are no-code platforms allowing users to control any make of industrial robot, without the need for training or complex programming. Non-roboticist users can intuitively design robotic cells and production operators increase their scope of activity: a clearer and simpler software solution for interacting with robots and “crushing” their complexity. Its the new standard for flexible automation.
But as well as current users of industrial robots, Fuzzy Logic intends to open up a market that is still in its infancy, that of small and medium-sized industrial companies. The platform removes the complexities of robotic integration and eliminates the need for robotics expertise throughout the service life, two obstacles that until now have often been prohibitive barriers for SMEs and SMBs.
Ryan Lober and Antoine Hoarau, respectively CEO and CTO, co-founders of Fuzzy Logic, state: “We help SMEs to power up their competitiveness and autonomy, by making robots adapt to them – not the other way around. This round of fundraising will allow us to strengthen our R&D teams and deploy our vision of intuitive and flexible robotics among client ambassadors throughout Europe.”
Fabien Billet, Walter Billet Avocats’ partner, comments: “Fuzzy Logic illustrates concretely how promising DeepTech is when providing industrial firms innovative applications which help them improving their production. Its powerful tools and its relevant approach particularly help the firm seducing a foreign investment fund and a French regional fund from its seed fundraising.”
Walter Billet Avocats advises Fuzzy Logic for this fundraising thanks to a team composed of Fabien Billet, partner, Christophe Cussaguet and Miguel Goncalves.
Other law firms involved in this deal: Orsan Avocats advises Karista with David Sebban, partner, while Ypog advises 42CAP with Frederik Gärtner, partner, and Konstantin Haefner.