NEWS

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.

"Digitalization is a clear growth driver for our business. Our motion control solutions of the future will be more intelligent, have greater connectivity and interact with the environment using state-of-the-art sensors. This will greatly expand 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 in Berlin.

NATIONAL AND INTERNATIONAL INVESTORS REMAIN LOYAL, 2022 IS SET TO BE A YEAR OF GROWTH

he circle of investors includes a number of family offices, such as that of a well-known German entrepreneurial family with more than a century of experience in the industry, which is backing Synapticon's promising hardware and software.

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"Our investment in Synapticon has always been geared towards 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 future-oriented products," explains Dr. Rigbert Fischer, who represents the family office with his blueworld.group. "We are delighted that Synapticon has set the right course in recent years and is now on the road to commercial success."

Another family office has been on board for several years: 7-Industries, a long-term, innovative investor with a focus on industrial technologies.

"We have been following Synapticon for several years now and are delighted to see how the company has developed. The years of research and development have definitely paid off and we are now looking forward to seeing how Synapticon, with the help of other partners, will use its opportunities to shape the market for robotics, mechanical engineering and autonomous transport systems," explains Henri Mrejen, VP Business Development at 7-Industries, who has been supporting the company for several years.

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ROBOTICS, MECHANICAL ENGINEERING AND AUTOMATION NEED NEW TECHNOLOGY

Over 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.

"Between 2019 and 2021, many new customers began integrating 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 constantly increasing. At the same time, however, the requirements are becoming ever more stringent and can normally only be met with even more hardware and higher costs. This is where we are heralding a paradigm shift with our Integrated Motion solutions."