Key facts
- Theker, an AI robotics company based in Barcelona, has raised $85 million.
- The funding round was led by CRV, with participation from Samsung and LVMH.
- The company develops AI-powered robots designed for industrial tasks.
- Theker's technology allows robots to adapt in real-time without reprogramming.
- This funding follows a previous $21 million seed round led by Kibo Ventures.
Theker, an AI robotics company headquartered in Barcelona, has successfully raised $85 million in a new funding round. The investment was spearheaded by venture capital firm CRV, with significant contributions from major players including Samsung and the luxury goods conglomerate LVMH.
The company specializes in developing AI-powered robots designed to perform various tasks within industrial environments. Theker's proprietary technology enables its robots to operate and adapt in complex, dynamic settings without the need for reprogramming, utilizing advanced vision and control platforms based on deep learning.
This latest funding round follows a previous seed funding of $21 million (€18 million), which was led by Kibo Ventures and included strategic investments from Inditex, the parent company of Zara, and Kfund’s Leadwind fund. The earlier round was noted as one of the largest seed rounds in Spain's history and significant within Europe's robotics sector.
Theker's approach, often described as Robotics-as-a-Service (RaaS), aims to lower the barrier for businesses to adopt intelligent automation through a subscription-based model. The company's robots are designed for flexibility across multiple industries, including logistics, retail, and waste management, addressing limitations of traditional robotic solutions.
The substantial investment in Theker underscores the growing strength and international recognition of Spain's tech sector. This follows Amazon's recent commitment to invest an additional €18 billion ($20.7 billion) in Spain to expand its data centers and foster AI innovation.