Stuttgart-based industrial wearable startup Aucobo secures 7-digit investment

Automation across the production sites has increased but the communication between employees and machines has not changed in decades. Based-out of Stuttgart, aucobo is in the process of transforming production processes and making them efficient.

Founded in 2016, aucobo is a cloud-based platform that allows its users to easily connect different machines, software, and sensors with one another.  User can now automate all kinds of processes with a very simple user interface by themselves – without any IT-engineer being involved. This decreases integration costs and maximises flexibility for manufacturing companies.

In a recent development, the company has raised a seven-digit figure from Speedinvest and 10x. With the help of new wearables like industrial smartwatches, the aucobo software makes it possible to rethink production processes.

At present, aucobo is mainly used in the automotive and automotive supply industry. Having said that, the company is planning to expand its market to aerospace and medical technology / pharmaceutical industries. With the inflow of newer hardware devices, the key application areas for the company are also expanding rapidly.

It is much more than smart task sharing. Instead of working alone, this startup lets employees work together as a team via its flexible organisational concept ensuring effective performance.

“We got incredibly good feedback from aucobo’s customers,” said Heinrich Gröller, a partner at Speedinvest. “We also saw that the aucobo team is familiar with the challenges of their clients and has developed a flexible system which fits perfectly to their needs.”

“We intentionally chose our investors,” said co-founder Michael Reutter. “Besides the financial support, which we are mostly going to use to expand our sales team, Speedinvest and 10x are also going to help us with the operative side of scaling our company. That way we can master the challenges of the upcoming phase more easily.”

“The exciting thing is that the system can be adapted directly by the production staff to the individual needs and circumstances of the company. “explains Benjamin Schaich, co-founder of aucobo.

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