|31 May 2016|

The global robotics revolution is to receive a €100 million boost thanks to a pioneering new partnership agreed between Chrysalix Venture Capital and RoboValley.

The industrial innovation and alternative energy venture capital firms, and RoboValley, the leading centere for robotics commercialisation in Europe located at Delft University of Technology in the Netherlands, have announced the new RoboValley Fund, which will draw on the collective expertise and broad international networks of both Chrysalix and RoboValley to identify, invest in and commercialise breakthrough robotics technologies.

“Global technology in robotics is advancing very quickly yet today there is no international pure-play venture capital fund focused on robotics and so closely aligned with a robotics ecosystem. Many breakthrough technologies are stranded in universities and national labs with insufficient early-stage funding available to help them commercialise and scale,” said Mike Sherman, Managing Partner of the RoboValley Fund. “RoboValley and Delft University of Technology have an outstanding reputation for being on the cutting edge of modern robotics research and development, with exclusive access to emerging technologies as well as leading professors and industry experts world-wide, and we are pleased to be partnered with them on this new fund.”

Arie van den Ende, Managing Director of RoboValley stated on the company’s website: “Robotics is predicted to be the next big step in the digital revolution, having an unprecedented impact on the way that we live, and provides an answer to some of the grand challenges of the 21st Century.

“Together with Chrysalix’ long-standing expertise in commercialising early-stage industrial innovations, the RoboValley Fund will provide much needed capital and accelerated paths to market for our most promising next generation robotics technologies.”