The Zurich based startup Embotech AG, developing decision-making software solutions for autonomous systems, has raised CHF 1 million in a seed financing round. The funds will be used to adapt its core technology for automotive applications and to fund go-to-market activities. Lead investors in the round are Swiss business angels and the Zürcher Kantonalbank (ZKB).
Established as a spinoff of the Automatic Control Laboratory of ETH Zurich, embotech developed a state-of-the-art numerical optimization software (Forces Pro) that powers complex real-time decision-making engines in a variety of applications in the energy, aerospace and automotive domains. The software promotes new ways of building and designing complex control systems.
Forces Pro is currently used to smartly control next generation wind turbines, which can be built using less steel. It is also used to plan the collision-free motion of autonomous drones for filming purposes. Since last year, embotech is working with the Future Launchers Preparatory Program of the European Space Agency (ESA) to develop new flight guidance software to enable pinpoint landing of spacecraft on other planets or for returning re-usable rockets to Earth.
In the automotive domain, FORCES Pro is used to develop various Advanced Driver Assistance Systems (ADAS) features. Embotech is now developing tailored motion planning modules for various autonomous driving tasks. The racing module has been integrated by the Formula Student Driverless team of ETH Zürich, which won the first ever event at the Hockenheimring last August.
The seed financing round has been closed in July 2017. Embotech has received the CTI Startup Label in October 2017, and has joined the ESA Business Incubator in May 2017.
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