Fuel to take off - Synapticon successfully completes new financing round

Fuel to take off - Synapticon successfully completes new financing round

Synapticon (Germany) - Almost two years after the last capital increase, a sharpening of the corporate strategy, numerous new technological developments and a steady increase in personnel, Synapticon GmbH announced the successful conclusion of its current financing round. With its hardware and software, the young German high-tech forge enables numerous international companies from the fields of robotics and automation to develop and produce more innovative and powerful products.

"Synapticon started as a developer and manufacturer of embedded technology, on which control systems for robots are based on. We have consistently developed over the past two years and increasingly focused on specialized high-performance components in three customer segments," explains CEO and co-founder Nikolai Ensslen. "Manufacturers of robot arms and cobots, developers of automated guided vehicles and suppliers of automation components such as integrated servo motors.”

The circle of investors now also includes the family office of a well-known German entrepreneurial family, which has decades of experience in the industry and relies on the promising hardware and software from Synapticon. The capital increase by a high single-digit million amount is accompanied by another family office: 7-Industries, an international investor with a pronounced long-term focus, has been supporting Synapticon since February 2017.

"Synapticon's management has taken a very promising course with the latest strategic decisions and new technological developments. The company is an outstanding example of high technology from Germany," explains Dr.-Ing. Rigbert Fischer, who accompanies the family office as a new investor. "We look forward to supporting the company on its growth and innovation course in the future. As a young high-tech company, Synapticon fits perfectly into our investment portfolio".

The young company, which has made a name for itself as a technology supplier for robot manufacturers with its main product line SOMANET in the area of robotic motion control, has recently started offering its ACTILINK solutions for machine and special machine construction as well as for manufacturers of automation platforms. ACTILINK builds on the experience Synapticon gained with its solutions for fully integrated motion axes, which are already available in the robotics and automated guided vehicle sectors. These customized, fully integrated drive axes combine all components, including gear reduction, and remove the hurdles associated with the development of powerful actuators in robotic applications.

"Our experience with Synapticon has encouraged us to confirm and expand our commitment to the new capital increase. A lot has happened since we joined the company as an investor and we are pleased to be and remain part of the success story," says Henri Mrejen of 7 Industries.

In addition to its team of around 50 hardware and software experts, as well as the know-how and resources of its investors, Synapticon benefits greatly from the experience and advice of its top-class advisory board. These include industry experts such as Elie Belbel (formerly Senior Vice President Machine Solutions at Schneider Electric) and Till Reuter (formerly CEO of KUKA).

"With Synapticon, a company is growing that has the potential to play a decisive role in shaping one of the most promising industries of the future. In recent years, the founders have managed to retain their original idea and at the same time adapt the company's development to market trends," explains Till Reuter, who has observed Synapticon's development for several years. "The current capital increase gives the company, which is active in an extremely growing industry, the fuel it needs to take off".

Synapticon will invest the additional capital primarily in new employees and research & development. With locations in Germany, Eastern Europe, the USA and China, the company now has an international presence and plans to further expand its subsidiary in Asia. The location in China is of strategic importance for Synapticon, as the world market for industrial robots and automation technology is developing rapidly, especially in Asia. In 2018 the APAC CIO Outlook Magazine has nominated Synapticon a "Top 10 Robotics Solution Provider".

"Germany is and will remain of central importance for us as a development location. Here we will invest in engineers and at the same time strengthen our sales. In China, it is our goal to become even more present in order to profit from the potential of this large market," explains Nikolai Ensslen. "As the first highlight, we plan to be represented at the SIAF in Guangzhou in spring 2019 with our own booth, which is our second Chinese trade fair presence. At this leading Asian trade fair for automation and drive technology, we will most likely be presenting a new development that will be unique for the entire collaborative robotics sector".

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