Hyperion Robotics, a Finnish technology company specializing in advanced automation and sustainable technologies for concrete and the construction industry, has raised a three-million-euro funding round.
Lifeline Ventures, one of the leading VCs in the Nordics and Europe, led the round alongside co-investors from the climate and construction sectors. They include Impact VC Übermorgen Ventures, PC Rettig & CO Impact, Goldacre, and Katapult, Hyperion’s first investor.
This investment will allow Hyperion to scale up its R&D capabilities, ramp up its software and materials technology, and deploy the first Micro-factories to large-scale projects worldwide. In addition, Kai Backman, partner at Lifeline, will join the board.
Micro-factories
Hyperion provides an end-to-end solution in the form of mobile 3D printing Micro-factories. They can work either in a fixed location or travel from site to site, combining the high precision of industrial robots with the intelligence and control of Hyperion’s proprietary hardware and software.
The solution allows customers to produce reinforced concrete structures for industrial and infrastructure projects.
“We are excited to invest in Hyperion, a company that has found a very unique way to implement additive manufacturing and software in concrete production,” Backman said. “The combination of highly optimized structures, robotically manufactured and made with sustainable concrete, provides a unique edge for Hyperion to scale up its Micro-factories and make a massive impact in this very conservative industry.”
Taking up the CO2 challenge
Cement is the source of about 8% of the world’s carbon dioxide emissions. To solve the climate crisis, we must find solutions to reduce the carbon intensity in the construction sector.
”Hyperion Robotics developed a key technology that reduces carbon dioxide emission in two ways: It allows for more complex structures that reduce the amount of material used by up to 75% vs. conventional structures, and it recycles industrial waste to produce low-carbon cement mixtures,” Alexander Langguth, General Partner at Übermorgen Ventures, said. ”Moreover, Hyperion decreases construction costs significantly for multiple use-cases and increases labor safety.”
“In the past few decades, construction has been facing numerous challenges, namely logistics complexities to project delays, high costs, and health and safety risks. At the same time, its environmental and social impacts are significant. Construction businesses can unlock higher growth and productivity by adopting 3D printing technologies to automate building processes and improve sustainability across the lifecycle of their projects,” Fernando De los Rios, CEO of Hyperion Robotics, shared.
Source: Hyperion Robotics, October 25, 2022
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