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SYNAPTICON ANNOUNCES NEW FINANCING ROUND

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Synapticon Nikolai Ensslen CEO 01
Nikolai Ensslen, Founder and CEO of Synapticon

Integrated Motion approach simplifies development and production of robots and automation components

Synapticon, provider of solutions for Integrated Motion, today announces details of its latest financing round. This was opened three months ago by Stabilus’ investment in Synapticon and is now complemented by an investment from ICT Capital. Existing investors are also joining in this round and, together with the new shareholders, are supporting the company’s steep growth trajectory. The funds made available as part of the capital increase, amounting to a double-digit million sum, will be invested in the further development of the product portfolio and operational growth.

ICT Capital is a $400m VC fund investing in mobility, foodtech, construction & smart cities, clean tech and industrial automation, with a focus on deeptech companies.

“Synapticon is a very exciting and promising enabler of future-oriented robotics and manufacturing automation. The company’s international team has an immense amount of experience to show and is able to dramatically improve the performance of hardware in the field of robotics with new ideas and sophisticated software,” explains Dmitry Bovykin, Managing Partner at ICT Capital. “All experts expect a boom in the coming years in the areas of collaborative robotics, autonomous transport systems and in the automation industry in general. Here we see Synapticon as both a driver and a profiteer.”

Opened in October 2021, the latest round of financing saw Stabilus S.A., one of the world’s leading providers of motion control solutions, partner with Synapticon GmbH as an investor as an element of its digitalization strategy.

“Digitalization is a clear growth driver for our business. Our motion control solutions of the future will be smarter, have higher connectivity and interact with the environment via state-of-the-art sensors. This will enormously broaden the range of applications in both the industrial and automotive sectors. The partnership with Synapticon will bring us a significant step closer to this goal,” comments Dr. Michael Büchsner, CEO of Stabilus.

Synapticon was supported in its financing round by the investment bank Cowen. Founded in 1918, the company is a global leader in M&A, IPO advisory and corporate finance, is headquartered in New York and has offices worldwide, including Berlin.

National and international investors remain loyal, 2022 to be growth year

The circle of investors includes several family offices, for example that of a well-known German entrepreneurial family, which has more than a century of experience in the industry and relies on Synapticon’s promising hardware and software.

“Our investment in Synapticon has always been designed for the long term. It is clear to us that fundamentally new technologies have been developed here, which will then be gradually transferred into new products. These in turn are essential components for modern automation solutions, collaborative robots and other forward-looking products,” explains Dr. Rigbert Fischer, who represents the family office with his blueworld.group. “We are pleased that Synapticon has set some important course correctly in recent years and is now getting on track for commercial success.”

Also on board for several years is another family office: 7-Industries, the long term innovative industrial technology-focused investor.

“We have been supporting Synapticon for several years now and are very happy to see how the company has developed. The years of research and development have definitely paid off and we are now excited to see how Synapticon, also with the help of other partners, will use its opportunities to shape the market for robotics, machine building and autonomous transport systems.”

explains Henri Mrejen, VP Business Development at 7-Industries, who has supported the company for several years.

Robotics, mechanical engineering and automation need new technology

In the past three years, Synapticon has brought several new products and technologies to market with its “Integrated Motion” strategy, which makes the development and production of robots, autonomous transport systems and similar products much simpler, faster and more cost-effective – with significantly higher performance. The company is thus addressing a rapidly growing market that is looking for new solutions. “2019 by 2021, many new customers have started to integrate our technology into their products. These numerous design-ins and design wins are now gradually moving into series production, so that our unit numbers are increasing immensely, as expected,” Nikolai Ensslen is pleased to report. “The global demand for machines used in production, logistics and many other areas is continuously increasing. At the same time, however, the requirements are becoming ever higher and can usually only be met with even more hardware and higher costs. This is where we are heralding a paradigm shift with our Integrated Motion solutions.”

About the author

Marketing Manager at Synapticon