What: Inbolt uses a combination of AI and 3D vision to generate virtual versions of objects that are used in manufacturing. The company's tracking device is attached to manufacturing tools, both manual and robotic, to help create the virtual representation of the part being assembled. The digital version then allows assembly workers and managers to optimize the manufacturing process and eliminate errors.
Why: Manufacturing is becoming increasingly complex with 10s of thousands of components going into a product. Even something as simple as tightening a bolt poses risks if an assembly worker or robot is tightening hundreds of thousands each day. Inbolt ensures that each action is performed correctly and alerts companies to any issues to improve the process and ensure faulty products are not shipped.
Who: Rudy Cohen, Albane Dersy, and Louis Dumas
Seed Round: €3 million.
Investors: MIG Capital led the round which also included money from SOSV, BNP Paribas Développement, and business angels Laurent Dassault, (co-managing director of Dassault Group) and Richard Green.
What's next: Inbolt is continuing product development. The company is hiring.