August 15, 2023

Olis Robotics

Olis Robotics, specialists in remote monitoring, control, and error recovery technology for industrial robots, announced that it has raised $4.1 million funding in a round led by PSL Ventures. Additional investors include Tectonic Ventures, Ubiquity Ventures, as well as several strategic angel investors, including Daniel Theobald, the president and co-founder of MassRobotics and founder and chairman of Vecna Robotics. The Olis Connect system allows a user to monitor, diagnose, and remotely control robots from anywhere. Olis Connect is controlled directly in a web browser and delivered on an edge-hosted PC that can be connected to both brand new and legacy industrial robot arms and robotic cells. The system works across robot brands, with Olis Robotics currently providing full support for robots from Universal Robots and FANUC, addressing approximately 20% of the operational stock of more than 3.5 million industrial robots deployed worldwide. With its new funding, Olis is adding support for additional robot brands representing more than half of all industrial robots. The funding will also help expand partnerships with robot system integrators in North America and develop new software products. Olis Robotics is a spinoff from the University of Washington and is located in Seattle's Fremont neighborhood. PSL Ventures is a venture capital fund located in Seattle. The fund is affiliated with Seattle-based startup studio Pioneer Square Labs, and invests in pre-seed and seed stage companies. The organization partners with founders at the earliest stages to help build and invest in market-defining technology companies, primarily in the Pacific Northwest.