MOV.AI Raises $3M in Seed Funding From Viola Ventures and NFX

MOV.AI is developing the first industry-grade Operating System for
autonomous intelligent collaborative robots for large-scale
commercial deployment

Lisbon, Portugal (ots/PRNewswire) - MOV.AI announced today that it
raised $3M in seed funding to develop the first industry-grade O/S
for autonomous intelligent collaborative robots. As such, MOV.AI is
creating an ecosystem where developers, integrators and manufacturers
collaborate to produce smarter robots on a large scale for operation
and production lines.

The round was led by Viola Ventures (www.viola-group.com),
Israel's leading technology investor with over $2.8 billion assets
under management, and NFX (www.nfx.com), a San Francisco based
venture firm founded by entrepreneurs who previously started 10
companies with exits over $10 Billion.

MOV.AI, is a ROS compatible operating system, which enables
industry-grade deployment of autonomous robot fleets. It decouples
hardware from software, simplifies R&D and field implementation
processes, thus making robot automation affordable for all.

The unique features, including easy mapping, robust and autonomous
navigation, obstacle avoidance, cloud-based software-distribution,
compliance with safety and cybersecurity's best practices and modern
end-user interface, facilitate easy customization making autonomous
collaborative robots a commercial reality.

The main target audiences of MOV.AI are manufacturers of material
handling equipment, automation integrators, and other collaborative
robot manufacturers.

Limor Schweitzer, Founder & CEO of MOV.AI stated: "At MOV.AI, we
have made it our mission to contribute to a world where intelligent
robots perform most of the common physical tasks, which will free
humankind to be more creative & productive, and enable faster market
scalability. In other words, with the backing of Viola Ventures and
NFX, we will be able to transform human operated mobile machines into
autonomous robots that work safely together with people and other
robots in any environment at all scalable levels."

Ronen Nir, General Partner at Viola Ventures added: "MOV.AI is
creating a truly transformative product, bringing software
development best practices to the fast growing robotics industry. We
are happy to partner with MOV.AI's talented team and support them,
since we believe that the impact and potential value of MOV.AI's
ecosystem will gain traction as more large customers, distributors
and developers come on board."

Gigi Levy-Weiss, managing partner at NFX added: "MOV.AI is
leveraging its in-depth technological aptitude and years of hands-on
experience in robotics R&D to bring the commercialization of robotics
to the market. This way, the company is reshaping the industry and
has the potential to build a huge business. As such, we are proud to
invest is such a promising startup."

MOV.AI is already seeing traction in the EU, APAC and the US.
Based on pilot projects with large automation integrators and
industrial operators, the impact and potential value of MOV.AI's
ecosystem is already evident.

About MOV.AI

MOV.AI is a startup that provides an industry-grade operating
system for autonomous intelligent collaborative robots for universal
commercial use. The Company was founded by Limor Schweitzer, an
industry veteran with over 20 years of experience in developing
robots, robotic solutions and sales robotic equipment. MOV.AI has a
strong team of best-of-breed robot developers with more than 13 years
of experience. MOV.AI's main target audiences are manufacturers of
material handling equipment, automation integrators, and other
collaborative robot manufacturers.

www.mov.ai

About Viola Ventures

Viola Ventures is a venture capital firm, empowering early stage
start-ups to become global leaders. Founded in 2000, Viola Ventures
manages over $1B across five funds, with significant number of
investors from the US, Asia, Europe and Israel. It is managed by six
investing partners, solely dedicated to early-stage tech investments,
and has backed a substantial share of Israel's exits, including:
Actimize, RedBend, DesignArt, CopperGate, Exelate and ECI. The fund
is part of Viola - Israel's leading technology-oriented investment
group with over $2.8B assets under management. The group has invested
in over 200 technology companies.

www.viola-group.com

About NFX

NFX is an early stage venture firm based in San Francisco, founded
by entrepreneurs who have built 10 companies with over $10 billion in
exits. As such, NFX companies have access to proven expertise in
network effects, growth, and scaling, giving them a rare advantage in
an increasingly competitive world. NFX believes that creating
something of true significance starts with seeing what others do not.

www.nfx.com | @NFXGuild

MOV.IA Viola Ventures media NFX media
media contact: contact:
contact:
Ms. Ilan Ms. Merav Meluban Ms. Christen
Weiss O'Brien
E-mail: E-mail: E-mail:
info@mov.ai meravm@viola-group.com christen@nfx.com

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