£1.45m investment in robotics firm

Foresight Group, an independent infrastructure and private-equity investment manager, and Williams Advanced Engineering (WAE), have made a £1.45m follow-on investment from the Foresight Williams Technology EIS Fund into Inovo Robotics.

This investment will allow Inovo to grow sales internationally and brings the total invested by the fund to £2.95m, having originally invested £1.5m in October 2018 to support the company’s first product to market. Inovo is developing a competitively priced ‘cobot’, a collaborative robot designed to operate safely
within a human work environment.
For further information www.wae.com

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