Nieke Roos
23 January 2020

Fizyr has secured funding from Value Creation Capital (VCC). The Delft University of Technology (TU Delft) spinoff develops, maintains and supports software for a dozen global leading logistics integrators, enabling them to apply autonomous robotics for picking unknown items, groceries and parcels. The company intends to use the fresh capital – the exact amount of which has not been released – to accelerate product development and international sales.

In 2014, TU Delft professor Martijn Wisse, with core members, founded Fizyr (at that point called Delft Robotics). In 2016, the team won the prestigious Amazon Picking Challenge (links in Dutch). Since 2017, Fizyr is focusing its business on AI software for machine and computer vision. Its deep-learning algorithms add a layer of understanding, bringing autonomous decision making to processes that involve classifying, quality control, counting, picking and manipulating. Its customers include ABB, Autostore, MHS and Vanderlande.

Fizyr robot picking
Credit: Fizyr

VCC invests in Dutch ventures active in high tech (from the Technano Fund (link in Dutch)), cybersecurity (from the Security of Things Fund), business software, data intelligence and IT managed services. “We’re continuously looking for ambitious companies that make an impact with their core technology and shape business markets with their applications. Fizyr combines extensive expertise and knowledge of deep learning and robotics for the fast-growing e-commerce driven markets,” says Willem van den Berg, managing partner at VCC. “The Fizyr team, product and market potential has enormous potential for the coming years.”