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Computer technology incubated at the scale of Graz gives autonomous robots brains. The software enables the orientation of mobile autonomous robots in warehouses and production facilities and can be used for robots with a 1.3 ton payload.
incubed IT was founded by seven founders who met at the “Robocup” in TU Graz. Ten years after the company was founded in 2011, they are still operationally on board. In all that time, the company never made an investment – it is now part of the 20th largest company in the United States. As recently announced, the US telecommunications giant Verizon bought 100 percent of the company; the parties agreed not to disclose the purchase price. Last year they ended up with sales in the single-digit millions. And what is planned now?
“First, of course, you have to master the integration at Verizon Group. We look forward to working with the new business incubation team, which specializes in increasing strategic acquisitions and integrating them into the group. At the same time, it is necessary to strengthen the location and expand the team. The goal is to double the team, ”explains co-founder and director of business development Michael Reip. The company currently has 32 employees.
As an independent company, you want to benefit from Verizon’s 5G strength. “And the third objective in particular makes the heart of the technician beat faster, namely the development of our product and the use of technical synergies in the new group. 5G technology is an essential component to make operating mobile robots as easy as a television. We are well on our way here, but there is still much to do. The success of this will be critical for mobile robots to be widely used around the world, ”reports Reip. 5G should soon allow customers to unpack robots “like a television” and use them immediately. With 5G, the necessary connections can be established without any additional hardware infrastructure.