Investors See Promise in Four-Legged Robots for Industrial Inspection

1 minute read | June.06.2023

The Investors

Orrick advised three leading venture capital firms in their recent investments in ANYbotics, a company that develops advanced, four-legged robots to conduct industrial inspections.

The investments were part of a $50 million Series B funding round for ANYbotics, based in Switzerland.

Orrick advised lead investors NGP Capital and Walden Catalyst as well as Bessemer Venture Partners, one of several other participating investors.

The Impact

ANYbotics plans to use the investments to expand internationally, develop new capabilities and solidify its leading competitive position in robotic inspection solutions.

The investments come as demand for robotic solutions surge in heavy industries such as oil & gas, chemicals, power, mining, metals & minerals, and utilities. Faced with an aging workforce and labor shortages, these industries increasingly rely on innovative robotics solutions to streamline operations, reduce environmental impact and increase worker safety.

The Team

Orrick’s Shawn Atkinson, Rachel Conder and Stephen Tallon advised Bessemer Venture Partners. Thomas Schmid, Lina H Alami and Benedikt Migdal advised NGP Capital and Walden Catalyst.

Learn More

ANYbotics news release

Read More Orrick Client Results

Related Lawyers

Shawn Atkinson Partner, Mergers & Acquisitions, Technology Companies Group

London

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D:+44 20 7862 4715
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Practice:

Technology & Innovation Sector
Mergers & Acquisitions
Technology Companies Group
Fintech

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Shawn Atkinson Partner

London

In addition to sheer volume of deals, Shawn's incomparable market insight stems from his leadership roles at Orrick, the only global firm focused on technology, and his experience working throughout the UK & Europe, North America and Asia. Shawn leads Orrick's London Corporate practice, its Global Emerging Markets practice and co-leads the Global Fintech team and the Global Technology Companies Practice Group. These complement his practice serving public and private companies in UK multi-jurisdictional and complex corporate transactions, including countless acquisitions and disposals, cross-border mergers, bankruptcy infused asset sales, recapitalisations and reorganisations. He is also a recognised leader in late stage venture transactions and in early stage private equity transactions in Europe and the emerging markets.

Shawn also advises early stage businesses across a number of sectors – including insurtech, Fintech, Crypto, SaaS, EdTech, HRTech, Marketplace and EnergyTech. He assists them from incorporation through to M&A exit, initial public offerings and other growth opportunities. His participation in the private equity and venture capital sector spans his entire career - with time spent in private practice, in-house and advising investors as well as investor-backed businesses-and affords him a deep knowledge and understanding of the industry and client needs and expectations.

Among the leading investment funds he has represented are ABN Amro Ventures, Acton Capital Partners, ABRY Partners, Accel Partners, Apax Partners, Bain Capital, Balderton Capital, Battery Ventures, Beringea, Bessemer Venture Partners, Black Pearls VC, Black Sheep Ventures, BMWi Ventures, Coatue Management, Columbia Capital, CommerzVentures, Evolvence, FTV Capital, Golden Gate Capital, Stepstone Group, Headway Capital Partners, Innova Capital, Kinnevik, KPS Capital Partners, Marlin Equity Partners, Mangrove Capital Partners, M/C Partners, One Peak, Oxx, Pearson Ventures, Piper Private Equity, Piton Capital, Salesforce Ventures, Sprints Capital, Summit Partners, Updata Partners, VNV Global and VEF.

Rachel Conder Associate, Technology Companies Group, Technology & Innovation

London

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Technology Companies Group
Technology & Innovation
Mergers & Acquisitions
Fintech

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Rachel Conder Associate

London

Rachel has experience working with companies of all stages, primarily in the technology sector, as well as venture capital funds and investors.

Stephen Tallon Senior Associate, Technology Companies Group, Mergers & Acquisitions

London

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D:+44 20 7862 4814
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Technology Companies Group
Mergers & Acquisitions

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Stephen Tallon Senior Associate

London

Stephen focuses on advising technology companies and the investors that back them. He is particularly interested in working with early-stage and growth companies looking to build exciting new businesses and is focused on providing innovative and pragmatic advice to his clients.

As part of a market-leading team at Orrick, who can provide a full stack of legal services and advice to clients in the technology sector, Stephen focuses on general corporate advice, financing arrangements, secondaries, M&A, corporate reorganisations and private equity transactions. However, he regularly works closely with the rest of the team to cover IP protection, commercial contracts, NDAs, employment issues, incentives, options and tax advice.

Managing transactions in an efficient and productive manner and providing clear and concise advice is at the core of Stephen's approach to work. Recognised as a “Recommended Individual” for Venture Capital in the Legal 500 UK 2023, Stephen actively engages with clients to understand the key issues and concerns in order to provide tailored advice that really adds value. Stephen is driven by being a trusted advisor to his clients, not just another service provider.

Stephen represents notable companies such as Scalapay, Butternut Box, Onto, Codility, Everseen, LoopMe and Rossum on an ongoing basis for financing and general corporate matters. He has also advised tech industry leaders such as Revolut.

While he has a significant company-side mandate, Stephen also advises many of the key investors in the market including ABN AMRO Ventures, BMW iVentures, Energy Impact Partners, Hitachi Ventures, Macquarie, Salesforce Ventures and Sony Innovation Fund on their respective investments in the UK, Ireland and across Europe.

Stephen is qualified in both England & Wales and Ireland (non-practising), having trained and qualified in a top-tier Irish law firm, and is committed to helping to build the Irish tech ecosystem.

Dr. Lina H. Alami Associate, Mergers & Acquisitions, Private Equity

Munich

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Mergers & Acquisitions
Private Equity
Technology Companies Group

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Dr. Lina H. Alami Associate

Munich

Prior to joining Orrick, Lina worked as a trainee lawyer for a large German automotive manufacturer, for a German law firm specialized in national and international dispute resolution and for the Federal Ministry for Economic Affairs and Energy in Bonn.

Benedikt Migdal Partner, Technology Transactions, Intellectual Property

Düsseldorf

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D:+49 211 3678 7164
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Practice:

Technology & Innovation Sector
Technology Transactions
Intellectual Property
Patents
Trade Secrets Litigation
Strategic Advisory & Government Enforcement (SAGE)

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Benedikt Migdal Partner

Düsseldorf

Benedikt advises on structuring and negotiating the IP aspects of corporate transactions, including M&A, divestments and venture investments as well as of commercial transactions where intellectual property rights and know-how are key assets. His work encompasses, for example, IP licensing and technology transfer agreements, engineering services agreements, transition services agreements, R&D collaborations, and IP aspects of contracts throughout the life sciences sector.

Benedikt is also an experienced patent and trade secret litigator and has represented German and international clients from a range of industries in complex disputes, especially concerning patents and know-how in the fields of mobile telecommunication/connectivity and the life sciences.

Based on his extensive experience in both IP transactions and litigation, he deeply understands the full range of legal and economical issues that technology-driven companies are challenged with in context with IP. This also includes IP-related competition law issues, such as FRAND-requirements for licensing and enforcing standard essential patents as well as issues arising in connection with EU regulations concerning technology transfers.