Funding Details
- Date Award
- May 13, 2024
- Vertical
- Robotics
- Funding URL
- View Funding Page
Company Info
- Organizations Involved
- SOSV
- Founders
- Stephen Bennington, Chris Elsworthy
- Company Description
- Wiring is the critical element that makes so many of modern-day products function. Despite major advances in our approach to these products and their manufacturing, wiring of these products is still made by hand. This renders the wiring process expensive and labor-intensive, error-prone, leaving us with long and fragile supply chains. Q5D is changing this by combining robotics and AI to add wiring and printed electronics directly into products, thus automating what is currently a manual process. Their technology yields reduced manufacturing cost, and at the same time improved quality and function. This in turn enables dramatically simplified supply chains, meaning that production can be near-shored. The automotive sector is the first to adopt Q5D’s technology, and in doing so have demonstrated production cost savings of 40%, equivalent to more than $200m annually for each model of vehicle. They have demonstrated product-market fit, with pilot machine sales to some of the world’s largest companies, including Yazaki, Lear, and Jaguar Land Rover, amongst others.
- Market
- Manufacturing & Energy
- Location
-
United Kingdom
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