10Lines, a Tallinn-based company specializing in autonomous line marking technology, has just secured a substantial €1.5 million investment to propel its operations forward. The investment round, led by Tera Ventures and Karista, with contributions from Butterfly Ventures and Mike Oliinyk (formerly of Uber, Wise, Wolt), marks a significant milestone for the company.
With a focus on revolutionizing traditional line marking processes, 10Lines employs state-of-the-art robotics and AI technologies to automate operations. This innovative approach eliminates the need for manual labor, promising unparalleled efficiency and cost savings for operators.
Already making strides in the US market, 10Lines is poised to capitalize on the increasing demand for autonomous line marking solutions. The freshly secured capital will accelerate the development of its autonomous robots and software, bolster its engineering team, and solidify its market presence in the USA.
James McDougall, Venture Partner at Tera Ventures, expressed confidence in 10Lines’ pioneering efforts, highlighting the company’s creation of a new product category through the ingenious application of AI and Robotics. Similarly, Emmanuel Daugéras, investment director at Karista, emphasized the unique opportunity presented by investing in 10Lines, aligning with their strategy of fostering Space Tech leaders.
Venture partner Anti Kodar at Butterfly Ventures echoed the sentiment, expressing excitement about being part of 10Lines’ journey and contributing to the future of pavement marking market through cutting-edge robotics technology. As 10Lines expands its horizons, its commitment to delivering advanced technology for enhanced productivity and sustainability remains unwavering.”
