• OKIBO

  Participated · Equity · Apr 2024

  Okibo develops advanced robots for construction applications, prioritizing technical excellence over PR and marketing. The company is focused on creating innovative robotic applications to address labor shortages and the challenges faced by construction teams. Okibo announced a $7.85 million funding round to support growth and product commercialization. The investment will power expansion into Europe and the launch of operations in the US. Okibo has collaborated with strategic investor DAW SE for over two years in the DACH region. Existing investors Built-in Tech Pi Labs and NOVA by Saint-Gobain continue to support the company. OKIBO develops smart, autonomous robots for construction sites, with a first product that automates drywall finishing—plastering, sanding, and painting. Its robots feature 3D scanning and real-time modeling technology (USPTO approved), an autonomous path planner, floor-to-ceiling reach, advanced sensors, and are fully battery operated. The company positions its solutions to address skilled labor shortages and improve efficiency on construction projects, citing AGC survey findings on labor impacts. OKIBO was founded in 2018 and has conducted pilots in Germany. Leadership includes CEO and co-founder Guy German. BuiltUp Ventures has invested and aims to support OKIBO’s expansion into US, Middle East, and European markets via its 360-degree proptech ecosystem.

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