10Lines, a Tallinn-based startup, has secured a €1.5 million investment round led by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk (Ex Uber, Wise, Wolt). The company pioneers autonomous line marking technology, using robotics and AI to automate line marking operations, eliminating the need for manual processes. The funding will fuel 10Lines’ expansion efforts, particularly in the US market, accelerating the development of its autonomous robots and software, and strengthening its market presence in the USA, where it has already established a foothold.
With a mission to revolutionize traditional line marking processes, 10Lines utilizes cutting-edge robotics and AI technologies to automate line marking operations. The company’s innovative solution eliminates the need for manual processes, resulting in unparalleled efficiency and cost savings for operators.
Having already made inroads into the US market, 10Lines is poised to capitalize on the growing demand for autonomous line marking solutions. The additional capital will enable 10Lines to accelerate the development of its autonomous robots and software, expand its team of top-tier engineering talent, and strengthen its market presence in the USA.
As 10Lines continues to expand its reach, the company remains committed to delivering cutting-edge technology that not only enhances productivity but also contributes to a more sustainable and environmentally friendly future.
“The 10Lines team is creating its own product category with an ingenious application of AI and Robotics to automate line marking operations. We are honored to support their vision and expand their offering to the rest of Europe and the US,” said James McDougall, Venture Partner at Tera Ventures.
“Investing in 10Lines represents a one-of-a-kind opportunity on a large downstream application of the space ecosystem. Our investment is consistent with our strategy towards building Space Tech leaders of the next decade. We were convinced by 10Lines’s professional team, which combines domain expertise and software start-up experience. In addition to the very strong customer benefits provided by the company’s solutions, the solid business model and large potential market size, this makes for a very promising investment for Karista,” commented Emmanuel Daugeras, Investment Director at Karista.
“We are thrilled to be part of 10Lines journey and invest into their cutting-edge robotics technology and shaping the future of the pavement marking market” said Venture Partner Anti Kodar at Butterfly Ventures.
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Originally published on ArcticStartup : Original article