Based in Estonia, 10Lines an autonomous line marking technology, announced today the successful closure of its latest investment round, raising €1.5 million. The round was led jointly by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk (Ex Uber, Wise, Wolt). This significant investment will fuel 10Lines expansion efforts, particularly in the US market, where the company has already established a presence.
With a mission to revolutionize traditional line marking processes, 10Lines utilizes cutting-edge robotics and AI technologies to automate line marking operations. The company’s innovative solution eliminates the need for manual processes, resulting in unparalleled efficiency and cost savings for operators.
Having already made inroads into the US market, 10Lines aims to capitalize on the growing demand for autonomous line marking solutions. The additional capital will enable 10Lines to accelerate the development of its autonomous robots and software, expand its team of top-tier engineering talent, and strengthen its market presence in the USA.
As 10Lines continues to expand its reach, the company remains committed to delivering cutting-edge technology that not only enhances productivity but also contributes to a more sustainable and environmentally friendly future.
James McDougall, Venture Partner at Tera Ventures said: “The 10Lines team is creating its own product category with an ingenious application of AI and Robotics to automate line marking operations. We are honored to support their vision and expand their offering to the rest of Europe and the US.”
Emmanuel Daugéras, investment director at Karista commented: “Investing in 10Lines represents a one-of-a-kind opportunity on a large downstream application of the space ecosystem. Our investment is consistent with our strategy towards building Space Tech leaders of the next decade. We were convinced by 10Lines’s professional team, which combines domain expertise and software start-up experience. In addition to the very strong customer benefits provided by the company’s solutions, the solid business model and large potential market size, this makes for a very promising investment for Karista.”
Venture partner Anti Kodar at Butterfly Ventures said: “We are thrilled to be part of 10Lines journey and invest into their cutting edge robotics technology and shaping the future of pavement marking market.”
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Талліннська компанія 10Lines отримує 1.5 мільйона євро для автоматизації операцій маркування ліній за допомогою ШІ та робототехніки | ЄС-стартапи
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Based in Estonia, 10Lines an autonomous line marking technology, announced today the successful closure of its latest investment round, raising €1.5 million. The round was led jointly by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk (Ex Uber, Wise, Wolt). This significant investment will fuel 10Lines expansion efforts, particularly in the US market, where the company has already established a presence.
With a mission to revolutionize traditional line marking processes, 10Lines utilizes cutting-edge robotics and AI technologies to automate line marking operations. The company’s innovative solution eliminates the need for manual processes, resulting in unparalleled efficiency and cost savings for operators.
Having already made inroads into the US market, 10Lines aims to capitalize on the growing demand for autonomous line marking solutions. The additional capital will enable 10Lines to accelerate the development of its autonomous robots and software, expand its team of top-tier engineering talent, and strengthen its market presence in the USA.
As 10Lines continues to expand its reach, the company remains committed to delivering cutting-edge technology that not only enhances productivity but also contributes to a more sustainable and environmentally friendly future.
James McDougall, Venture Partner at Tera Ventures said: “The 10Lines team is creating its own product category with an ingenious application of AI and Robotics to automate line marking operations. We are honored to support their vision and expand their offering to the rest of Europe and the US.”
Emmanuel Daugéras, investment director at Karista commented: “Investing in 10Lines represents a one-of-a-kind opportunity on a large downstream application of the space ecosystem. Our investment is consistent with our strategy towards building Space Tech leaders of the next decade. We were convinced by 10Lines’s professional team, which combines domain expertise and software start-up experience. In addition to the very strong customer benefits provided by the company’s solutions, the solid business model and large potential market size, this makes for a very promising investment for Karista.”
Venture partner Anti Kodar at Butterfly Ventures said: “We are thrilled to be part of 10Lines journey and invest into their cutting edge robotics technology and shaping the future of pavement marking market.”
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