NZ Manufacturer May 2019

Page 1

May 2019

www.nzmanufacturer.co.nz

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COMPANY PROFILE Katikati’s Shot Darts leader in darts industry.

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ANALYSIS Relearning what it means to be globally competitive.

Invert Robotics expands further into global market A New Zealand-developed climbing inspection robot has caught the attention of top US investors, with its ability to help keep workers safe in hazardous environments. Invert Robotics has secured a US$8.8 million round of funding led by Finistere Ventures, an agtech/foodtech venture pioneer, with support from Yamaha Motor Ventures & Laboratory Silicon Valley (YMVSV), the corporate venture capital business of Yamaha Motor Co. Ltd. Existing investors, such as Allan Moss, Inception Asset Management and the New Zealand Venture Investment Fund, also participated in the capital raise. Using the strategic investment to scale its team, open a US office and expand its technology platform and industry-specific solutions, Invert

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COMPANY PROFILE Makaira Boats – a success story.

Professional 3D CAD Unbeatable value.

2018.2

Robotics aims to increase the global footprint of its climbing robot – the first specifically designed to inspect the integrity and safety of non-magnetic, hazardous environments. “The immediate value of Invert Robotics across the global food supply chain – from ensuring food and beverages are stored and transported in safe, pathogen-free environments, to avoiding catastrophic failures in agrichemical-industry containers and plants – is undeniably impressive,” says Arama Kukutai, co-founder and partner, Finistere Ventures. “However, we see the potential applications as almost limitless. With Invert Robotics, companies across a variety of industries will be able to deploy climbing robots to make asset inspection easier and more effective to avoid life-threatening situations for their workers, their communities and their consumers.” Invert Robotics offers precise, remote inspection of non-magnetic surfaces such as stainless steel, carbon fiber, aluminum and glass. Its climbing robot is already being used by key players in the global aviation market, alongside major Australian and New Zealand dairy companies and co-operatives such as Fonterra, Synlait and Murray Goldburn.

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