La Rochelle-based (France) Shark Robotics, a technology company that specializes in firefighting, defense, and nuclear robotics, announced that it has raised €10M in a fresh round of funding from Move Capital Fund I.
Move Capital is a pan-European growth equity fund with a focus on strategic data value chain industries and a mission to develop European tech leaders.
The firm backs sectors such as Industry 4.0, IoT, AI, Cyber Security, Data Analytics, and Machine Learning.
Founded in 2016 by Cyril Kabbara, Shark Robotics has competence across the full robotics value chain, including hardware, software & artificial intelligence, and batteries, and designs and produces ground robots for hostile environments.
The company increases operational efficiency, preserves human lives, and reduces environmental impact.
Shark Robotics offers firefighter robots, mine-clearing robots, mule robots, robotic police harrows, etc. “We intervene effectively as close as possible to danger to protect humans, the environment, and businesses,” says the company.
The Colossus firefighting robot, developed by Shark Robotics, famously battled the Notre Dame de Paris cathedral fire in 2019 for more than 10 hours at 800 degrees.
Shark Robotics says it will use the funds to solidify its position as the industry leader by boosting its R&D expenditures, speeding up the internationalization process that it has already begun through its subsidiary Shark Asia, and upgrading its manufacturing facilities.
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