An AI robotics company “integrating” humans and robots has raising £8.2 million to accelerate its technology and meet demand from existing and new customers in the US, UK and Europe.
The Series A funding for Launchpad was co-led by Lavrock Ventures and Squadra Ventures, supported by the Scottish National Investment Bank, Ericsson Ventures, Lockheed Martin Ventures and Cox Exponential.
This is in addition to Scottish Enterprise grant funding of $2.5 million (£1.9m at current exchange rates).
Launchpad is transforming manufacturing by combining AI and advanced robotics to support critical automation strategies. Its technology helps companies build products faster, smarter, and more affordably.
Last year, it opened an R&D centre in Edinburgh, choosing the city for its access to a skilled workforce and connections to university AI research and expertise.
Jon Quick, CEO of Launchpad, said: “Launchpad has built a technology that is helping manufacturers manage the optimal integration of humans and robots.
“We see AI tools, such as those being pioneered by Launchpad, as reimagining the manufacturing industry and revitalising local economies.”
Guy Filippelli, managing partner at Squadra Ventures, said: “Since 2020, America has lost more than a quarter of its manufacturing jobs. The message is clear: cost matters.
“With Launchpad, we’re rewriting that story – using AI to build a new era of globally competitive domestic manufacturing that can win and lead the future.”
Adrian Gillespie, chief executive of Scottish Enterprise, said: “With its R&D centre in Edinburgh, Launchpad is able to draw on Scotland’s long-standing academic, technical and entrepreneurial strengths.
“The company has quickly become an influential part of the Scottish innovation community, and we look forward to supporting its next growth phase.”
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