See the pitch deck construction-robotics firm Kewazo used to raise a $10 million Series A


The Liftbot

  • The German startup Kewazo wants to address the labor shortage in the construction industry.
  • Kewazo’s solution is the Liftbot, a robotic hoist that it says reduces labor costs by up to 70%.
  • Insider has an exclusive copy of the pitch deck Kewazo used to raise $10 million.

This is an edited, translated version of an article that originally appeared on January 26, 2023.

Tech companies are trying to address the labor shortage by automating processes across a variety of industries. 

The artificial-intelligence startup Kewazo is focusing its efforts on the construction industry. Founded in 2018, the company’s first product, the Liftbot, is a robotic hoist that can transport materials up and down scaffolding.

The product can be installed in under 20 minutes and operated wirelessly, the company’s website says. 

The Liftbot uses multiple sensors that provide its data platform with real-time information. Customers can evaluate the data to optimize their operations and get help with their project management, the website says, adding that the product can help save 40% to 70% of labor costs.

Construction laborers have one of the deadliest jobs in America, but by automating the scaffolding process and taking over the dangerous transportation processes, Kewazo says it improves workers’ safety and welfare.

Kewazo’s clients include the multinational construction firm Bilfinger and the industrial-services firm Altrad. There are about a dozen Liftbots in use on European construction sites.

Artem Kuchukov, the founder and CEO of Kewazo, said the company’s next goal was to expand across Europe and into North America, while adding to the robot’s functions.

Kewazo recently raised a $10 million Series A funding round, which was led by the US venture-capital firm Fifth Wall. The early-stage Boston investor Cybernetix Ventures, the Texas venture-capital firm Unorthodox Ventures, and the German construction-software company Nemetschek also took stakes in Kewazo. 

Existing investors also took part, including Silicon Valley’s True Ventures and the German investment firm MIG Capital. This latest round took Kewazo’s total funding to about $19 million, according to Crunchbase.

Insider has an exclusive copy of the pitch deck that Kewazo used to raise the funds.



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