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OnRobot

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Provides plug and produce end-of-arm tools and software solutions for collaborative applications

Odense, DenmarkFounded 2015Robotics
Valuation $100–250M Last recorded · 2022
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for OnRobot and the history behind them.

About OnRobot

Based in the heart of Denmark's robotics cluster in Odense, OnRobot has strategically positioned itself as a key provider in the collaborative robotics market. The company was officially formed in 2018 through the merger of three specialized end-of-arm tooling (EoAT) firms: On Robot from Denmark, OptoForce from Hungary, and Perception Robotics from the United States. This consolidation, spearheaded by CEO Enrico Krog Iversen, former chief executive of Universal Robots, aimed to create a one-stop shop for collaborative applications.

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The company's history is marked by rapid growth through strategic acquisitions. Soon after the merger, OnRobot acquired Purple Robotics in August 2018, incorporating its innovative vacuum gripper technology. In April 2019, it acquired the intellectual property and development team of Blue Workforce, another Danish company specializing in solutions for industries like food and agriculture. This series of acquisitions has enabled OnRobot to build a comprehensive and unified product portfolio under a single brand.

OnRobot's business model revolves around the design, manufacturing, and sale of a wide range of hardware and software solutions for collaborative robots, often called cobots. Its revenue is generated through the sale of these products via a global network of over 700 distributors and system integration partners. The primary clientele consists of small and mid-sized manufacturing companies seeking to automate processes such as machine tending, material handling, assembly, and surface finishing. The company operates in the industrial automation and robotics market, focusing on the end-of-arm tooling segment, which is crucial for the functionality of robotic arms.

The product line is extensive, featuring electric, vacuum, and magnetic grippers, force/torque sensors, tool changers, and specialized kits for screwdriving and sanding. A notable offering is the Gecko gripper, which uses micro-molding technology inspired by geckos to handle large, flat objects without traditional vacuum systems. OnRobot emphasizes a 'One System, Zero Complexity' philosophy, ensuring its tools are compatible with a wide array of robot brands and can be deployed quickly with minimal programming. More recently, the firm launched D:PLOY, an automated software platform designed to simplify the entire process of building, monitoring, and redeploying collaborative applications without extensive programming knowledge.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Odense, Denmark
Employees
93
Open positions
None listed
Dealroom signal
70.4/100
Sector
Robotics, Industrial Automation, Core AI, Industrial Robotics, Producer, Industry 4.0, Sensor Tech
Technology
Artificial Intelligence, Hardware, Deep Tech, Computer Vision, Autonomous & Sensor Tech, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b
Investment activity
4 companies, latest Apr 2019
Capital deployed
—
Preferred round
MERGER

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Oct 2022 $5.9M $138M Enrico Krog Iversen ↗
SECONDARYOther financing Feb 2020 $0 — Nordic Secondary Fund ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

OnRobot website traffic

Latest recorded traffic for OnRobot is 44K monthly website visits, down 13.7% over the last three months. OnRobot's team declined 8.8% over the past year.

Latest monthly visits44K 3-month web change-13.7% 1-year team growth-8.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • Thomas Visti Jensen
  • Enrico Krog Iversen
  • Jørn Kildegaard

Series B and later6 investors entered at this stage

  • Summit Partners
  • Finext Startup
  • Granpool
  • European Investment Bank
  • Export and Investment Fund of Denmark
  • Nordic Secondary Fund

Other known investors2 additional known investors

  • OptoForce
  • Perception Robotics
Team profiled 21 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
13 countries with
team presence
🇩🇰 Denmark56.2%
🇭🇺 Hungary12.3%
🇪🇸 Spain9.6%
🇺🇸 United States6.8%
🇩🇪 Germany4.1%
Top 5 of 13 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about OnRobot on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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