Wandelbots Funding, Investors & Competitors

Wandelbots has raised $121M across 3 funding rounds, most recently a $84M Series C in January 2022.

Last Wandelbots funding round

$84M

Series C · Jan 2022

Cumulative funding Wandelbots raised

$121M

across 3 funding rounds

Key investors in Wandelbots

  • EQT Ventures
  • Atlantic
  • SquareOne Venture Capital
  • M12
  • 83North
  • N47
  • Insight Partners
  • Christian Dahlen

Wandelbots Overview

About Wandelbots

Wandelbots is a Dresden-based robotic software provider specializing in no-code platforms for industrial automation. Its Teaching solution enables demonstration-based robot programming across brands including Universal Robots and Yaskawa, while the Developer Platform supports unified operations. Deployed in manufacturing facilities of Volkswagen, Bayer, and Fraunhofer institutes, the technology integrates with diverse robot types to streamline workflows. Founded in 2017, the company has received the German Start-up Award and Sachsen Gründerpreis, and maintains partnerships with system integrators in Germany, Europe, and the United States.


Founded

2017

HQ

GermanyDresden

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Wandelbots Funding History

Wandelbots has raised a total of $121M across 3 funding rounds.

Wandelbots' first fundraising round was a $7M Series A in December 2018. The most recent completed round was a $84M Series C in January 2022.

Wandelbots funding rounds

Wandelbots funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2022Series CInsight Partners (lead); N47; Atlantic; M12; EQT Ventures; 83North; SquareOne Venture Capital$84MWandelbots, a Dresden, Germany-based software developer founded in 2017 by Christian Piechnick and others from TU Dresden, completed an $84 million Series C funding round on January 25, 2022, led by Insight Partners with participation from existing investors including 83North, M12 (Microsoft's venture fund), Next47, Atlantic Labs, EQT Ventures, and others. The company develops a no-code platform using its TracePen handheld device that allows non-programmers to teach industrial robots complex precision tasks by demonstration, targeting customers from large corporates like Volkswagen, BMW, and Infineon to SMEs across industries. This round followed prior raises totaling over $36 million, including a $30 million Series B in June 2020 and a $6.8 million round in 2018, bringing cumulative funding north of $100 million. The funding supports expansion of its developer community for custom teaching applications, interoperability with more robot systems like Universal Robots and Yaskawa, global operations into the US and Asia, and additional hiring. Wandelbots aims to lower barriers for factory robotics deployment by eliminating the need for extensive coding expertise or external help. The company positions itself in the growing automation and robotics sector, accelerated by COVID-related manufacturing disruptions, focusing on human-centered solutions for industrial tasks.
Jun 2020Series B83North (lead); N47; Haniel; Atlantic; M12; EQT Ventures; SquareOne Venture Capital$30MWandelbots, a Dresden, Germany-based startup founded in 2017 from research at the Technical University of Dresden’s Faculty of Computer Science, develops no-code tools to teach industrial robots tasks via machine learning. Its flagship product, TracePen, is a handheld device that allows non-programmers to demonstrate behaviors for robots to mimic, reducing programming time and costs by up to 70 times compared to traditional methods. Customers include Volkswagen, BMW, and Infineon, with partnerships involving Denso, Schunk, Microsoft, and SAP. On June 16, 2020, Wandelbots raised $30 million in a Series B round led by 83North, with participation from Next47 (Siemens), M12 (Microsoft), Atlantic Labs, EQT Ventures, Haniel, Paua Ventures, and Alexander Rinke. This followed a $6.8 million Series A in December 2018 from Paua Ventures, EQT Ventures, and others, plus seed funding from TechCrunch Disrupt Battlefield in 2017. Later, in an unspecified Series C, Wandelbots raised $84 million led by Insight Partners with prior investors, exceeding $100 million total raised. Proceeds funded acceleration of TracePen's commercialization, platform software development, team expansion (from 2 founders to 76 by 2020, plus international hires), feature improvements, and market expansion starting in Germany then globally. Amid COVID-19, demand surged for reshoring supply chains and automation. CEO Christian Piechnick highlighted enabling end-user programming for flexible, high-mix production.
Dec 2018Series AEQT Ventures (lead); SquareOne Venture Capital (lead); Atlantic; Christian Dahlen; Felix Haas$7MWandelbots, a Dresden-founded industrial robotics startup established in 2017, raised €6 million in a Series A funding round on December 13, 2018, co-led by EQT Ventures and Paua Ventures, with participation from existing investors including Atlantic Labs and angels such as Christian Dahlen and Felix Haas, and SquareOne Venture Capital. The funding supported hiring and international expansion. The company develops software to teach industrial robots tasks without coding, using products like Wandelbots Teaching and Wandelbox, which employs sensor-attached clothing to capture human motions and transfer them to robots, enabling non-experts to program robots up to 20 times faster and 10 times more cost-effectively. Early industrial trials demonstrated its efficacy, and the startup worked with top automotive and electronics manufacturers.

Who has invested in Wandelbots?

10 investors have backed Wandelbots across its funding rounds, including EQT Ventures, Atlantic, SquareOne Venture Capital, M12, 83North and N47.

Lead investors include Insight Partners, 83North, EQT Ventures and SquareOne Venture Capital.


Wandelbots Investors

Investors in Wandelbots by funding rounds participated
InvestorHQRoundsRoleFirst check
AtlanticGermanyBerlin3ParticipantDec 2018
EQT VenturesSwedenStockholm3LeadDec 2018
SquareOne Venture CapitalGermanyBerlin3LeadDec 2018
N47United StatesSan Francisco, CA2ParticipantJun 2020
M12United StatesUnited States2ParticipantJun 2020
83NorthUnited KingdomUnited Kingdom2LeadJun 2020
HanielGermanyDuisburg1ParticipantJun 2020
Christian DahlenUnited StatesSan Francisco, CA1ParticipantDec 2018

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Wandelbots Competitors

Wandelbots competitors include listed companies like SAP and Snowflake, and private ones like Certus Core, Quicktron Robotics, Celonis and Temporal Technologies.

Public and private companies comparable to Wandelbots
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
Quicktron RoboticsChinaShanghaiPrivate--$2.3B-
CelonisGermanyMunichPrivate$400M-$13B32.5x
Temporal TechnologiesUnited StatesSeattle, WAPrivate$250M-$13B50.2x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

Wandelbots Public Comps

Wandelbots is still privately-owned, but its public comps include CrowdStrike, SAP, Siemens, Salesforce, Schneider Electric, ABB, Hitachi, ServiceNow, Snowflake and Mitsubishi.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Siemens$91B$15B3.0x2.9x18.1x15.7x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
Schneider Electric$46B$9.5B4.3x3.9x21.0x18.4x
ABB$33B$6.9B5.4x4.9x25.9x22.6x
Hitachi$68B$11B2.2x2.2x13.8x13.5x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x

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Common questions about Wandelbots

When was Wandelbots founded?Wandelbots was founded in 2017.
Where is Wandelbots headquartered?Wandelbots is headquartered in Dresden, Germany.
Is Wandelbots publicly listed?No, Wandelbots is a private, VC-backed company.
How much funding has Wandelbots raised?Wandelbots has raised $121M across 3 funding rounds.
What was Wandelbots' last funding round?Wandelbots' last funding round was a $84M Series C in January 2022, led by Insight Partners.
Who are Wandelbots' investors?Wandelbots' investors include Atlantic, EQT Ventures, SquareOne Venture Capital, N47, M12, 83North, Haniel, Christian Dahlen, Insight Partners and Felix Haas.
Which companies are comparable to Wandelbots?Companies comparable to Wandelbots include Certus Core, Quicktron Robotics, Celonis, Temporal Technologies, SAP and Snowflake.

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