Swiss startup mimic lands €13.8 million to deliver “robots that can finally do what people do”
Swiss robotics startup mimic has secured €13.8 million in seed funding to develop physical AI for complex industrial tasks, signaling a significant advancement in European robotics. The company aims to create robots capable of human-like dexterity, addressing the limitations of conventional automation. This funding round, led by Elaia and Speedinvest, brings mimic's total funding to over €17 million. Mimic's approach focuses on combining AI-driven dexterous robotic hands with existing robot arms. The company, founded in 2024 as a spin-off from ETH Zurich, employs 25 engineers and researchers. Mimic's core technology involves AI foundation models and humanoid robotic hands, designed to automate manual labor and address labor shortages. This investment underscores the growing interest in European robotics, with other startups such as Progressive Robotics, Sunrise Robotics, and BOW also attracting funding. Mimic's success contributes to Switzerland's robotics cluster, advancing Europe's capabilities in intelligent automation and potentially reducing reliance on manual labor. The focus on human-like dexterity and efficient deployment highlights a shift toward more adaptable and versatile robotic systems.
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