Okibo News
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growth-positive
Announcing our Investment in Okibo: The Robot for Finish Works - Blog - Shadow Ventures
Okibo, a Tel Aviv-based construction robotics company, has secured a $7.85 million investment round co-led by Shadow and BitStone Capital. Okibo specializes in fully autonomous finishing robots for tasks such as painting, drywalling, and plastering. The investment aims to address the labor shortage in the construction industry by leveraging robotics to improve efficiency and reduce costs. Shadow will assist Okibo in expanding into the US market, leveraging its network to facilitate customer introductions and pilot projects. Okibos technology offers significant cost and speed advantages, making it a promising solution for the construction sector.
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בלי פיגומים: הרובוט מפתח תקווה שרוצה לכבוש את עולם הטיח
Israeli start-up Okibo has developed a robot that can perform almost all types of internal plastering work on construction sites. The robot is designed to address the significant challenges facing the construction industry, including a shortage of skilled labour. Okibos founders, Guy German and Nadav Shorok, believe the need for such technology will only increase. The global construction industry is expected to be worth $11.9tn this year, rising to $14tn by 2025. Okibo, which was founded in 2018, has received investment from venture funds and construction industry bodies, as well as a grant from Israels Innovation Authority.
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