Company Overview
Snapshot
Founded in February 2018 by Guy German and Nadav Shuruk, Okibo operates with 11–50 employees. The company has raised $10.33 million across three funding rounds. In March 2024, Okibo secured an investment round from Shadow Ventures and BitStone Capital.
Business overview
Okibo develops intelligent, mobile, multi-purpose, and autonomous robots for construction sites, focusing on automating tasks like wall rendering (e.g., stucco, exterior insulation, and finish systems). The company's technology integrates advanced computer vision, laser detectors, geo-positioning, and inertial motion sensors to enable versatile robotic manipulators to perform various construction tasks. Okibo operates within the Industrial Technologies sector, specifically targeting the Real Estate & Construction industry.
Strategic signal
In March 2024, Okibo secured an investment round co-led by Shadow Ventures. This investment is crucial for addressing the construction industry's labor shortages and improving efficiency, with Shadow Ventures specifically supporting Okibo's expansion into the US market. This indicates a strategic push for market penetration and validates the company's potential to scale its robotic solutions.
Log in to access full profile ›Company Intelligence Q&A
- What significant investment did Okibo receive in March 2024?
- In March 2024, Okibo secured an investment round co-led by Shadow Ventures. This funding aims to support the company's growth and expansion, particularly into the US market.
- What was a notable early investment in Okibo?
- In November 2020, CEMEX Ventures invested in Okibo, contributing to an early funding round for the company.
- What is Okibo's primary technological focus?
- Okibo develops intelligent, mobile, multi-purpose, and autonomous robots for construction sites, utilizing advanced computer vision, laser detectors, geo-positioning, and inertial motion sensors.
- Who are the founders of Okibo?
- Okibo was co-founded by Guy German and Nadav Shuruk in February 2018.