
CP Robotics
closedDeveloped patented software that makes robots able to automatically plan processes, such as grinding, milling, welding, plasma-cutting, etc.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | Seed | ||
Total Funding | 000k |
DKK | 2016 | 2017 | 2018 | 2019 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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CP Robotics, founded in 2015 and based in Odense, Denmark, operated as a developer of patented software for industrial robots before ceasing operations. The company emerged as a university spin-out and was part of the Odense robotics cluster, a significant hub for robotics and automation in Europe. CP Robotics was venture-backed, with Science Ventures listed as an institutional investor.
The firm's core business was providing advanced software solutions designed to simplify the programming and operation of industrial robots for complex tasks. Its primary product, a software named 'Pathfinder', utilized a 2,000-line algorithm that enabled a robot to generate precise movement paths by analyzing data from a 3D scanner mounted on the robot itself. This technology allowed users to program a robot simply by sweeping it over the intended workspace, making it accessible for personnel on the shop floor. The software was particularly aimed at applications such as welding, milling, cutting, grinding, and polishing.
CP Robotics targeted clients in industrial sectors requiring automation for precision tasks. The business model centered on licensing its specialized software, which was designed to be easily integrated with existing robotic hardware. The key benefit for clients was the ability to automate even small production series flexibly and efficiently, a task that is often complex and time-consuming with traditional robot programming methods. According to PitchBook, the company went out of business around July 2018.
Keywords: CP Robotics, industrial robot software, Pathfinder software, robotic automation, 3D robot programming, robot path generation, automated welding, automated milling, automated polishing, Odense robotics cluster, robot kinematics, offline robot programming, online robot programming, manufacturing automation, advanced robotics, flexible automation, university spin-out, Science Ventures, industrial automation, robotic manufacturing