ZenRobotics announces it has raised €13 million to expand their international presence and produce the ZenRobotics Recycler on a global scale. The investment round was led by Invus, an international equity investor with evergreen capital. Lifeline Ventures, a Vigo accelerator, also participated with a minority stake.
The Helsinki-based company's main product is the ZenRobotics Recycler, a complete waste processing system designed primarily for construction waste. The system employs machine learning to pick and sort raw materials automatically, which can include metal, stone, and wood to be resold as scrap. The company says that the system is not purpose-specific, so it can be readily software upgraded for new tasks.
FlatFrog Laboratories yesterday received a €20 million funding round led by Intel Capital, with the strong backing by Invus. Intel Capital joins the existing investors Invus and Sunstone Capital. Flatfrog creates touch screen technology that recognizes touches using an optical solution.
The technology they're using is pretty cool. By using algorithms to track light travelling inside the cover glass of a screen, FlatFrog's Planar Scatter Detection technology provides instant detection of up to hundreds of simultaneous touches and drags.