Praetura Ventures has invested in the innovative robotics software provider, BOW, as part of a £4m seed round led by Northern Gritstone with investment from NPIF II – Praetura Equity Finance, which is managed by Praetura as part of the Northern Powerhouse Investment Fund II.
Originally spun-out from the University of Sheffield in 2020, BOW (Bettering our Worlds) offers a software platform that handles the complexities of robotics and allows developers to focus on innovation and creativity instead of technical challenges.
The robotics market is projected to reach $260 billion by 2030. However, application development and the productisation of robotics is currently being hampered by the complexity and cost of programming robots.
BOW’s ‘robot-agnostic’ software development kit (SDK) meets this challenge by bridging the gap between diverse robotic systems, enabling integration and operation across multiple platforms, regardless of operating system or manufacturer.
BOW is already on an exciting trajectory. Last month, the company announced that Raspberry-Pi Co-Founder Liz Upton has joined the company as Chair of the Board. BOW is currently working with OEMs, software development houses and research and development teams to address the core issues of portability between different makes and classes of robots.
The seed investment will be used to fund essential development in BOW and build the team. For more, check out the full story exclusively via Sky News.
