Tinamu Labs closes one million Swiss francs to accelerate expansion

Thanks to the unique patented technology, know-how in indoor drone flight and workflow automation, ETH spin-off Tinamu Labs provides a flexible solution for automated inventory monitoring for bulk cargo. The service is used by global companies in mining, commodity trading, and the construction industry, which still mainly measure stockpile volumes manually and report on paper and Excel. This manual task is not only slow, expensive and time-consuming, but it also leads to errors and low accuracy.

The startup launched in 2022 and has since exported it from Switzerland to Belgium and France. As of this year, the startup is expanding its activities in other locations to deliver a solution addressing current supply chain and operations challenges.

A recent technology partnership with commercial drone manufacturer Parrot allows Tinamu to progressively upgrade its clients to the new ANAFI Ai drone from Parrot. This will enable the startup to provide a full turnkey solution comprising hardware and software. Customers, including Kibag (see video), a leading Swiss company in the building materials and construction sector employing 2000 people in 14 gravel plants, 3 quarries and 25 concrete plants, have benefited from automated workflow to deliver fast, accurate, and cost-efficient periodic volume measurements of stockpiles. No piloting skills or GPS are required. The startup also plans to install its solution in multiple locations of the supply chain company Trafigura, as revealed to Startupticker.

“Tinamu's trial installations in 2022 have successfully transitioned into permanent contracts. As our clients have a widespread presence, we are now expanding our services to their other locations. Simultaneously, we are establishing relationships with new clients in Europe, marking our entry into the market,” said Denis Libouton, Commercial Lead at Tinamu.

In light of its recent activities, the company has secured fresh capital in a pre-series A financing round of CHF 1 million to speed up growth and development. Led by Alpana Ventures and DAA Capital Partners, the round attracted new investors from the drone and trading industries and existing investors. The funds will be used to support the fast onboarding of several upcoming installations for both existing and new clients and to support sales activities. As a result, Tinamu plans to expand its team by hiring more professionals in the coming months.

Ready for a Series A
“This is an exciting moment for our team. We are seeing an increasing number of clients benefiting from our services, which validates the innovative technology we have developed. Considering the significant potential for geographical and industrial expansion, we are planning a Series A funding round to support our upcoming global growth, said Tobias Nägeli, CEO of Tinamu.

(Press release/RAN)