January 17, 2025
Greek Robotics Startup Progressive Robotics Secures €1.55M Seed Funding to Revolutionize Manufacturing Automation
Thessaloníki, Greece –
Progressive Robotics, a deep-tech university spin-off founded in January 2023, has raised €1.55 million in a seed funding round led by Marathon Venture Capital, with additional participation from Genesis Ventures. The funding, announced on January 16, 2025, will accelerate the company’s mission to simplify robotic automation for manufacturing industries worldwide.
About Progressive Robotics
Founded in 2023 by Fotis Dimeas, Marios Kiatos, and Zoe Doulgeri, Progressive Robotics's groundbreaking technology allows manufacturers to easily teach robots complex tasks such as packing and palletizing using AI. Designed to eliminate the need for technical expertise, their patent-pending solution bridges robotics and deep learning to make automation accessible for small and medium-sized enterprises (SMEs). The company’s offerings have already gained traction in sectors like food production and logistics.
Purpose of financing
The freshly secured funds will enable Progressive Robotics to enhance its product portfolio, expand its team, and scale its operations globally. The company also plans to focus on strategic partnerships with robotics original equipment manufacturers (OEMs) to ensure seamless hardware integration. With the new funding, Progressive Robotics aims to bring Amazon-like robotics capabilities to SMEs, breaking traditional barriers of cost and complexity.
CEO's Insights
Fotis Dimeas, CEO of Progressive Robotics, said:
“Our vision is to empower businesses, large and small, by removing the barriers to robotic adoption. This funding will enable us to scale our technology, expand globally, and make advanced robotics accessible to all industries, including SMEs.”
Incvestor Perspective
Panos Papadopoulos, Partner at Marathon Venture Capital, said:
“Progressive Robotics is breaking down the technical and financial barriers that have traditionally limited automation for small businesses. We are thrilled to support their vision of making advanced robotics an attainable reality for SMEs worldwide.”
Conclusion
With this funding, Progressive Robotics is set to drive innovation in the manufacturing sector by empowering businesses to adopt AI-driven robotics without technical expertise. The company’s solutions promise to optimize operational efficiency, enhance safety, and unlock new growth opportunities for manufacturers of all sizes.
For more information, visit Progressive Robotics on LinkedIn page.