Forgis, a Zurich-based startup building the brain that makes plants autonomous, has announced a $4.5 million pre-seed funding round led by redalpine, with participation from Massimo Banzi, co-founder of Arduino, and other investors from deep tech and manufacturing.
“The West invented industry,” says Forgis in its press release, “and then forgot how to build. For decades, it outsourced factories, traded machines for spreadsheets, and watched production drift east. If Europe sparked the first industrial revolution, China is industrializing the second in the dark.”
During the last decade, China’s industrial robot stock grew from 200 thousand to 2 million, 567 per 10 thousand workers surpassing Germany, the US, and the UK combined. Forgis wants to help the West close the industrialization gap, not through protectionism, but through intelligence. [Read more…] about Forgis raises $4.5 million Pre-Seed funding to ‘rebuild the West’s industrial intelligence’