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Autonoma Technologies secures 7-digit growth financing

After several years in the industry, the three founders Florian Bauernfeind, Florian Haslhofer and David Gumpinger recognized the challenges of the industry in terms of digitalization and have been developing the "Digital Customer Platform" (DCP) since 2017.

"The core competence of Maschinenbauer lies in the development of high-quality, mechatronic systems that are sold internationally. However, the development of IoT and cloud software is increasingly presenting them with major challenges," explains Florian Bauernfeind.

Autonoma supports machine and plant manufacturers in the digitalization of their products and processes. From machine data acquisition to the cloud platform, mobile device app and digital service for commissioning, maintenance and support. Existing employees can operate and expand all the functions of the digital customer platform (DCP) themselves, without the need for specialized IT specialists and technical expertise.

"With our scalable technology platform, machine manufacturers are able to implement digital projects within days instead of months or years and expand their business model with digital services," says David Gumpinger.

In addition to the investment from eQventure, Autonoma has secured a silent partnership from the Upper Austrian Kreditgarantiegesellschaft m.b.H. (UBG) and a research program from the Austrian Research Promotion Agency (FFG).

"Autonoma solves a problem that both operators and manufacturers of complex industrial machines and systems have. The more machines, the bigger the problem: proactive maintenance and servicing, capacity optimization, monitoring, and much more. The three founders Florian, Florian and David know these customer pain points first-hand and, with their hardware-software solution, ensure that the wheel does not have to be constantly reinvented for each machine and customer.

In turn, eQventure provides the three founders with sparring partners, all of whom have a background in company formation, G2M, growth and exit, and also benefit from our broad and international network," adds Franz Fuchsberger, Senior Partner at eQventure and lead investor at Autonoma.

Several machine and plant manufacturers already rely on Autonoma's digital customer platform (DCP). The funding will primarily be used to drive further market expansion and internationalization. In addition, research and development into the implementation of AI models directly on industrial machines is being carried out together with AI partners Danube Dynamics Embedded Systems GmbH and the Software Competence Center Hagenberg (SCCH) via the FFG basic program.

About Autonoma:

The 8-person Linz-based industrial tech start-up Autonoma Technologies GmbH was founded in 2021 by Florian Bauernfeind, Florian Haslhofer and David Gumpinger and employs five people in software development.

Several industrial customers are already relying on the digital customer platform (DCP) for the no-code digitalization of machines, systems and processes in order to offer data-driven services and digital business models.

About eQventure:

eQventure was founded in 2014 and is one of Austria's leading venture capital firms with hubs in Austria, Germany, UK, Israel, USA and China. In addition to growth capital, eQventure provides young Austrian high-tech companies with a strong global network and operational support to accelerate their growth. Behind eQventure are successful entrepreneurs who not only invest their own money and know-how, but also take an active role in their portfolio companies.

Photo (c) Autonoma Technologies

Tech2b Autonoma Founder News Investment 09.2023 C49bf8b8
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