€2.5M secured by Ireland-headquartered Invert Robotics

Ireland-headquartered Invert Robotics, the world leader in robotic solutions for non-destructive testing, has announced the second close of a €12.9 million investment round. This follows the addition of a €2.5 million investment from leading Irish EIIS fund, Business Venture Partners (BVP), and US technology investor, TechNexus Venture Collaborative. The investment is in addition to a previous €10 million investment led by Orlen VC and brings the total amount raised by the company to date to €25 million.

Invert Robotics counts many of the world’s largest food production, chemicals, pharmaceutical, aerospace, and energy companies among its customers, making the process of inspecting and maintaining their high-value industrial assets, which are often in hazardous, hard-to-reach or toxic environments, more precise, efficient and significantly safer than existing processes or technologies.

The new investment will support the growth of Invert Robotics’ new Dublin-based research and development (R&D) centre, and its robot product sales division alongside the existing inspection services solution. This new division will make Invert Robotics’ pioneering technology available to traditional inspection services companies and large global clients with internal maintenance and inspection teams.

“Invert’s solution is the future of asset maintenance, as our robots can go where other robots cannot and people should not,” said Neil Fletcher, CEO of Invert Robotics. “This investment from the 2022 BVP EII Fund further supports our vision of removing workers from all hazardous inspection environments, ensuring every worker goes home safely every day.”

“We have been impressed by the team at Invert Robotics and believe in the vision to provide a safe and sustainable environment by using technology for working in confined or hazardous spaces,” said Stephen Burdock, Executive Director at BVP. “Expanding the product sales division will enable the ability to perform tasks remotely and eliminate the need for people to enter these environments.”

“Invert Robotics’ robots can cling tightly to any surface and enable non-destructive, high precision inspections on any asset deemed difficult to reach or dangerous, which increases safety metrics, reduces FTE costs, and improves time for inspection for our corporate partners,” said Terry Howerton, CEO of TechNexus Venture Collaborative. “Our team is excited to continue playing a role in Invert Robotics’ growth journey and looks forward to supporting the expansion of their product sales division.”

Headquartered in Dublin, Ireland, Invert Robotics has established offices in the Netherlands, France, Germany, Australia, New Zealand, and the United States, employing a diverse global workforce supported by affiliate engineering partners in key markets.

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