Okibo

Company Overview

Snapshot

Founded in February 2018 by Guy German and Nadav Shuruk, Okibo operates with 11–50 employees. The company has secured funding across three rounds from six investors, including an investment in March 2024 from Shadow Ventures and Pi Labs.

Business overview

Okibo develops intelligent, mobile, and autonomous robots specifically designed for construction sites. Their core technology integrates advanced computer vision, laser detection, geo-positioning, and inertial motion sensors to enable versatile robotic manipulators to perform various tasks. The company's initial product focuses on wall rendering, including stucco, exterior insulation and finish systems, concrete, primer, and adhesives, aiming to streamline and reduce costs in wall isolation. Okibo serves the construction industry, operating within the Industrial Technologies sector, and targets markets in the United States and Europe.

Strategic signal

Okibo's investment in March 2024, with participation from Shadow Ventures and Pi Labs, signals strong investor confidence in the company's robotic solutions for the construction industry. This capital infusion is a validation of their technology's potential to automate labor-intensive tasks like wall rendering, indicating a strategic move towards scaling their innovative approach to construction efficiency and cost reduction.

Company Intelligence Q&A

What is Okibo's primary focus in the construction robotics market?

Okibo specializes in developing intelligent, mobile, and autonomous robots for construction sites, with an initial focus on wall rendering tasks such as applying stucco, exterior insulation, and adhesives.

When was Okibo founded and by whom?

Okibo was founded in February 2018 by co-founders Guy German and Nadav Shuruk.

What was a notable early investment in Okibo?

In November 2020, CEMEX Ventures made an undisclosed investment in Okibo.