News

€1.6 million investment for XITO: Seed funding for easily accessible robotics

February 22, 2024

  • With the completed seed financing, XITO now has €1.6 million to expand sales and product development.
  • Toolify Robotics GmbH enables companies to implement robots independently with its XITO solution platform.
  • Thanks to their product XITO, especially SMEs can get started with automation at low cost – without programming knowledge and without external specialists.

Ulm, 22. February 2024 – The start-up Toolify Robotics, founded by the three robotics experts Dr. Dennis Stampfer, Dr. Matthias Lutz and Dr. Alex Lotz, has convinced investors of its business model and completed its seed financing with a total of €1.6 million. “We will use the funds from this financing round to further accelerate our growth,” says Dr. Dennis Stampfer. “We plan to expand our innovative solution platform, hire new talent and strengthen our market presence.”

The aim of the Ulm-based startup is to develop further use cases to provide especially small and medium-sized companies with a path to automation. In addition to the existing investor High-Tech Gründerfonds (HTGF), the group of investors for the seed phase now consists of the start-up BW Seed Fund of the MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH, the investment companies of the Sparkasse Ulm and Biberach as well as the robotics solution provider AiCobot and combines the financing of Toolify with the prospect of facilitating and accelerating the integration of robotics in medium-sized manufacturing companies.

Toolify was founded in March 2020 and has developed the robotics solution platform xito.one. Using the platform, numerous companies have found an easy and cost-effective way to enter the world of robotics. These range from small companies with just a few employees to global corporations.

XITO platform

Get started with robotics in just 3 steps

XITO realizes the way to your own robotic solution in just three simple steps: plan, buy, start. First, companies start with the planning phase, in which they use the XITO Designer to independently design customized automation solutions based on suitable templates. In the next step, they use the XITO Marketplace to find and purchase all the necessary components for their robotic solution. Finally, equipped with the right components, they use the XITO Builder to set up and commission their automation solution.

Best of all, companies don’t need any programming or robotics expertise. XITO supports every step with intuitively designed software. By eliminating design and programming, XITO is unbeatably cost effective compared to traditional automation methods. In addition, companies are not tied to specific vendors and can continue to choose the best solution for them in the future.

With XITO, Toolify is on a clear growth path. We are seeing tremendous interest, especially from small and midsize companies, who can finally get into automation on their own with our holistic concept.

Dennis Stampfer, CEO of Toolify

XITO makes it easy for companies of all sizes to use robotics. With the shortage of skilled workers and increasing global competition, XITO offers companies simple solutions to improve their competitiveness. We are convinced of the concept and are sure that XITO will contribute to the growth of SMEs in Baden-Württemberg and Germany.

Frank Hummler from Start-up BW Seed / MBG

Founding team of Toolify: from left Dr. Alex Lotz, Dr. Matthias Lutz and Dr. Dennis Stampfer (Picture: Toolify)

About Toolify Robotics GmbH
“Making robotics simple” – that is the mission of Toolify Robotics. With the intuitive XITO solution platform, Toolify offers manufacturing companies the opportunity to easily and independently enter the complex world of robotics for automation. Thanks to XITO, adding value to your business is always just a few clicks away. Toolify Robotics GmbH was founded in March 2020 by Dr. Dennis Stampfer, Dr. Matthias Lutz and Dr. Alex Lotz in Ulm, Germany. The team includes strong software expertise and industry experts with more than 15 years of experience in automation and service robotics.
https://www.xito.one/

Toolify Contact
Dr. Dennis Stampfer, CEO
stampfer@toolify.eu

About Toolify Robotics GmbH„Robotik einfach machen“ – das ist das Ziel von Toolify Robotics. Mit der der intuitiv zu bedienenden Lösungs-Plattform XITO bietet Toolify produzierenden Unternehmen die Möglichkeit, sich die komplexe Welt der Robotik einfach und selbstständig für Automatisierungen zu erschließen. Dank XITO sind Verbesserungen der Wertschöpfung im Unternehmen immer nur ein paar Klicks entfernt. Die Toolify Robotics GmbH wurde im März 2020 von Dr. Dennis Stampfer, Dr. Matthias Lutz und Dr. Alex Lotz in Ulm gegründet. Das Team umfasst eine starke Software-Expertise und Branchenexperten mit über 15 Jahren Erfahrung in der Automatisierung und Servicerobotik.
https://www.xito.one/

Kontakt
Dr. Dennis Stampfer, CEO
stampfer@toolify.eu

About High-Tech Gründerfonds   
The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 700 start-ups since 2005. With the launch of its fourth fund, HTGF now has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected about 5 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 170 companies. 
Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries. 

Media contact
Tobias Jacob, Senior Marketing & Communications Manager
Tel. +49 228 82300 121
t.jacob@htgf.de

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