#None #Manufacturing #Robotics #Caracol

Caracol Partners with Investors to Propel Global Manufacturing

Caracol, a prominent player in the advanced manufacturing sector, recently announced a significant milestone in its journey - closing a $40 million Series B funding round. This round was co-led by major investment firms including Omnes Capital and Move Capital Fund I, alongside CDP Venture Capital – Large Ventures Fund. The investment will further strengthen Caracol's market presence in Europe, the United States, and the Middle East, while simultaneously allowing the company to venture into burgeoning markets in the Asia Pacific region, particularly in Japan, where it has already gained traction.

Founded as a pioneer in large-format robotic manufacturing, Caracol has rapidly developed its capabilities over the years, now boasting over 100 robotic platforms installed worldwide. The latest funding round underlines the growing interest of international investors in Caracol's vision and execution. With investing partners such as Primo Capital SGR, Eureka! Venture SGR, and Neva SGR backing the company, Caracol is well-positioned to scale its operations.

The purpose of this capital infusion is multifaceted. Primarily, it aims to accelerate Caracol’s global scaling initiatives and bolster international expansions. One of the critical areas of focus will be enhancing the company's technological capabilities across its multi-process, multi-material platforms. With advancements in software and automation, Caracol seeks to establish a more data-driven process control method that guarantees unmatched product quality.

Another exciting aspect of the newly raised capital is the company’s focus on intensifying its metal additive manufacturing technologies. Key industries targeted for growth include aerospace, defense, energy, and maritime. Concurrently, Caracol is set to expand its polymer capabilities in critical sectors such as transportation, construction, and architecture, ensuring it meets diverse market needs.

As the company looks to strengthen its global presence, it's also dedicated to growing its workforce. Currently employing more than 100 individuals across three main offices located in Milan (Italy), Austin (USA), and Dubai (UAE), Caracol is committed to attracting top international talent to facilitate innovation and scalability.

The last five years have seen Caracol emerge as a vital player in advanced robotic manufacturing, effectively doubling its revenues year-on-year. Recent accomplishments include successful collaborations within the maritime industry, where the company has managed to deliver substantial cost savings for partners like Italy’s Ferretti Group. The company has also pushed innovations in automotive production, cutting lead times for production significantly in partnerships with firms such as Duqueine in France.

In addition to its financial successes, Caracol has also expanded its physical footprint in North America. The opening of a new headquarters in Texas exemplifies this commitment to local manufacturing representation while enhancing its supply chain capabilities.

This Series B funding is seen as a generational leap for Caracol, allowing it to solidify its European leadership while fostering sustainable manufacturing practices. The backing of significant international investors highlights the company's resilience and the robustness of its innovation strategy. In the words of Francesco De Stefano, CEO of Caracol, this funding round validates both the vision and excellent execution of the team. As they move forward, Caracol aims to redefine industries through advanced manufacturing solutions, merging technology and sustainability seamlessly.

In conclusion, as Caracol continues to unveil new applications and foster international partnerships, it remains committed to its core mission of creating more efficient and sustainable manufacturing processes. With this latest round of funding, the path ahead looks promising for both Caracol and its stakeholders.