Insider Brief
- Kewazo has raised new funding to expand deployment of its industrial lifting robots, bringing total funding to $35 million.
- The round includes Chevron Technology Ventures, Asahi Kasei, Benson Capital, Mana Ventures, Gaingels and Atlas Ventures, with Schooner Capital leading and support from existing investors True Ventures and Cybernetix Ventures.
- The company’s Liftbot system is now deployed at more than 20 industrial sites, with new capital aimed at scaling deployments, expanding into additional workflows and building data-driven automation capabilities.
Heavy industry robotics company Kewazo has raised new funding to expand deployment of its industrial lifting robots, brings total funding to $35 million
According to the company, the round was backed by Chevron Technology Ventures, Asahi Kasei, Benson Capital, Mana Ventures, Gaingels and Atlas Ventures, alongside lead investor Schooner Capital and existing investors including True Ventures and Cybernetix Ventures.
The Munich- and Houston-based company is focused on automating labor-intensive work in sectors such as oil and gas, chemicals and power generation, where maintenance and construction tasks often rely on cranes and manual handling.
What Will Kewazo Do with the Capital?
The new capital will be used to scale deployment capacity, expand into additional industrial workflows and deepen integration at existing customer sites, the company said. The company said each deployment allows it to collect structured operational data from complex industrial environments, which can be used to optimize performance and inform future automation.
“Our clients hear about robotics, but they rarely see robots operating at their plants,” co-founder and CEO Artem Kuchukov said in the announcement. “Kewazo changes that. We help industrial asset owners adopt automation by delivering instant value in vertical material movement, and many clients already ask us to expand into additional workflows.”
Its core product, Liftbot, is a robotic lifting system designed to move materials and equipment on industrial sites. The system is already deployed at more than 20 locations across North America and Europe, including refineries, petrochemical plants and power facilities, where it is used during maintenance cycles, plant turnarounds and capital projects.
Kewazo said customers are adopting Liftbot to improve worker safety, reduce reliance on heavy equipment and increase predictability in project timelines, which they pointed out is an ongoing challenge in large-scale industrial operations where delays can carry significant costs.
Image credit: Kewazo
