Kebotix, a Cambridge-based technology platform company for new chemicals and materials, announced SIT Capital as a major investor in its Series A funding. The $11.4 million round, announced last spring, was led by Denmark-based Novo Holdings, a leading international life science investor.
“The strength of SIT Capital’s expertise and network of relevant experts add tangible value to Kebotix’s robotics-powered platform that discovers and bring to market new materials faster and more affordably”
“The strength of SIT Capital’s expertise and network of relevant experts add tangible value to Kebotix’s robotics-powered platform that discovers and bring to market new materials faster and more affordably,” said SIT Founder Dr. Serguei Beloussov, also chairman of the board, CEO and founder of Acronis, a Swiss-based software and services company. “Driven by robotics, chemistry and physics, Kebotix is an ideal fit for the interdisciplinarity of SIT.”
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The SIT ecosystem links research, education and business in a close-knit, self-sustainable cycle. The SIT community, which includes the international research-led university Schaffhausen Institute of Technology, develops industry projects, startups, spin-offs and technology licensing.
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“Kebotix is thrilled to join SIT Capital’s portfolio of tech startups rooted in quantum technology, living materials, life sciences and information technology,” said Kebotix Founder and CEO Dr. Jill S. Becker. “An investment by SIT Capital is more than financial; like Kebotix, SIT Capital is dedicated to finding innovative solutions to global challenges. This brings even more pride to Kebotix being part of a unique ecosystem built on the expertise of top international minds in chemistry, computer science and business.”
SIT Capital joins a list of investors that includes One Way Ventures, ArcTern Ventures, Flybridge Ventures, Baidu Ventures, Embark Ventures and Propagator Ventures, in addition to Novo Holdings.
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