Fleets Tech Start-up Secures Multi Million Investment

Fleets Tech Start-up Secures Multi Million Investment

AutoFill, a Dutch deep tech start-up revolutionising inspection workflow processes for the automotive and rail industries, has secured €2.6 million in pre-series A funding.

The round was led by powerhouse investors, Innovation Industries, with participation from Deeptech Labs, a highly coveted accelerator initiated by Arm and The University of Cambridge, among others. Rick Belluzzo, former COO of Microsoft, and Bram Schot, former CEO of Audi – both of whom joined the AutoFill Board of Advisors earlier this year – also participated in the round.

Currently, most object inspections in the automotive and rail sectors are performed by humans. Existing automated solutions, meanwhile, are costly and require substantial space and infrastructure to function. AutoFill has pioneered a solution which combines vision technology with multisensor data fusion to identify anomalies and increase the accuracy of quality standards.

Designed to be as agile as possible, AutoFill’s solution can be incorporated seamlessly into existing operational processes, ensuring further efficiencies, objective reporting, increased safety, and cost savings. All of this modernises, optimises and enhances quality control at scale.

“AutoFill’s technology removes the limitations presented by human involvement, significantly raising safety and accuracy standards, and making huge financial savings for the enterprise. We believe our solution will play an important role in accelerating a more efficient future initially for the automotive and rail industries and are extremely grateful to our investors for supporting us in this mission,” said AutoFill CEO and co-founder, Gideon Richheimer.

Headquartered in Wassenaar, AutoFill recently opened a second office in the High Tech Campus Eindhoven, considered to be the largest centre for technology innovation in Europe.

The company has received a major vote of confidence in its solution, having secured backing from Innovation Industries, a venture capital firm which is renowned for only backing the most promising deep tech start-up and scale-up companies.

The investment will be used to advance AutoFill’s technical solution, strengthen its current operational deployments at partner sites, and grow its engineering team.

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