German deeptech industrial startup RIIICO has raised $5 million in Seed financing. This investment will allow them to grow their AI-fueled solution, radically speeding up factory redesign. UK-based PropTech accelerator, Pi Labs participated in the round, led by Angels. They were supported by seed + speed Ventures, WaVe-X, Earlybird VC and Volvo Cars Tech Fund.

RIIICO's innovative solution addresses the growing need for Western manufacturers to rethink their approach to manufacturing amid intense global competition. The company’s flexible technology allows manufacturers to quickly and efficiently pivot their operations to cater to new business needs and market shifts. This consideration is particularly important for incumbent western manufacturers retrofitting complex brownfield sites while continuing to operate.

RIIICO’s AI is specifically built to connect voice command factory floors with CAD and CAM digital twins. It gives every stakeholder, from the plant manager to the supplier, a collaborative decision-making tool to prioritize and weigh different issues.

"RIIICO’s solution makes retrofitting factories significantly more efficient, providing a collaborative decision-making tool for all parties, from plant managers to suppliers. This makes redesigning processes four times faster and significantly speeds up the launch of new products." - Faisal Butt, founder and managing partner at Pi Labs

Fortunately, the company’s solution has already proven its impact through widespread adoption across the automotive industry. As of last year, RIIICO’s Technology helped launch Electric vehicle production lines in factories that once produced internal combustion engines. RIIICO says their RPA process redesigns processes four times faster. It dramatically speeds up the introduction of innovative new products.

RIIICO’s technology has already found success with other lead users in the automotive sector who are under similar or even more severe cost and quality pressures. Felix Fink is the CEO of RIIICO.

"With our new investors, spearheaded by Lead Investor Pi Labs, we aim to enhance the connection between real factory environments and digital models, boosting flexibility to strengthen industry resilience and competitiveness." - Felix Fink, CEO of RIIICO