AI solutions for construction sites: GvW advises abaut GmbH on Financing Round
GvW Graf von Westphalen advised abaut GmbH on a successful financing round in the amount of €3.2 million. The round was led by Swiss VC EquityPitcher Ventures. Other investors include Bayern Kapital, EIT RawMaterials, and existing investor BAUER AG.
Munich-based abaut GmbH develops AI-based solutions for the digitalization of construction sites in underground and open-cast mining. With its sensor-based software, abaut enables real-time analysis of material flows and data-driven control of operational processes. The technology is already in use in 18 countries on four continents.
EquityPitcher Ventures is a Swiss venture capital investor focusing on technology-driven start-ups with scalable business models. Bayern Kapital is the investment company of the Free State of Bavaria with a focus on high-tech start-ups. EIT RawMaterials is Europe's leading innovation network for raw materials. BAUER AG is a global provider of specialized civil engineering services based in Schrobenhausen.
GvW advised abaut in this transaction with a team consisting of Titus Walek, Alexander Metz (both Venture Capital), Karsten Kujath (Labor Law) and Dr Joachim Mulch (IP).
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