10Lines raises EUR700,000 seed round for autonomous marking robots
10Lines raised EUR700,000 in a seed round led by Tera Ventures with Perot Jain to complete development and production of its autonomous pavement-marking system.
Evidence notes
- Tera Ventures led the EUR700,000 seed round and U.S. investor Perot Jain co-invested.
- 10Lines said its robot combined satellite positioning and other sensors for 1-2 cm marking accuracy while eliminating much of the measuring and pre-marking process.
- The company planned to use the capital for product completion, production, hiring and commercial scale-up after reference projects in Estonia and U.S. customer letters of intent.
Company context
10Lines develops autonomous pavement-marking robots and layout software for parking lots, roads, airports and other paved surfaces. The system replaces manual measuring and pre-marking with digitally planned striping.