{"id":89340,"date":"2021-06-28T16:31:48","date_gmt":"2021-06-28T13:31:48","guid":{"rendered":"https:\/\/www.tehnopol.ee\/?p=89340"},"modified":"2021-06-28T16:32:57","modified_gmt":"2021-06-28T13:32:57","slug":"10lines-raises-e700000-seed-round-for-autonomous-line-marking-robot-technology","status":"publish","type":"post","link":"https:\/\/www.tehnopol.ee\/en\/10lines-raises-e700000-seed-round-for-autonomous-line-marking-robot-technology\/","title":{"rendered":"10Lines raises 700 000 \u20ac in seed round for autonomous line marking robot technology"},"content":{"rendered":"
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10Lines, the Estonian start-up that has developed autonomous parking lot and road marking robots, has announced a seed round of 700 000 \u20ac led by Tera Ventures, a venture capital firm investing in early-stage global digital start-ups, with co-investment from US investor Perot Jain. <\/strong><\/p>\n\n\n\n

We are glad to announce that one of the ESA BIC<\/a> incubants 10Lines has developed technology for parking lot and road marking that will allow operators to replace the existing manual process with an automated solution. The company\u2019s robots can complete line markings seven times faster than current processes, cutting out exhaustive measuring and pre-marking and significantly reducing the requirement for human oversight, while saving around 1.9 tons of CO2 emissions per robot per year.<\/p>\n\n\n\n

10Lines has already started reference\nprojects in Estonia and signed letters of intent with striping companies in the\nUS. The investment from Tera and Perot Jain will allow the company to complete\nthe development and production of its technology, begin scaling the business\nand bring on additional team members. <\/p>\n\n\n\n

Tarmo Prints, CEO of 10Lines<\/strong>, commented: <\/p>\n\n\n\n

\u201c10Lines is a unique product with the\npotential to disrupt a huge market, which to date has been almost entirely\nuntouched by technology. At present, parking lots across the globe are marked\nand re-marked \u2013 often annually \u2013 in a time and resource-intensive process\ninvolving experienced teams of workers. In the US alone there are 800 million\nparking lots, which would cost around $6 billion to mark. Our robots are a\ntech-enabled solution to this problem, combining huge efficiencies with a fast\npayback time.\u201d<\/p>\n\n\n\n

10Lines was founded in 2019 by Tarmo\nPrints, the co-owner of a traditional parking lot marking company in Estonia\nwith more than 10 years\u2019 experience in the industry, and Janno Paas, an\nexperienced start-up CTO and AI developer. <\/p>\n\n\n\n

The company\u2019s robots use satellite\npositioning in combination with other sensors enabling accuracy within 1-2cm.\nThe software will allow users to map sites digitally and set the robot in\nmotion, cutting out much of the measuring and pre-marking process that\ncurrently accounts for 70% of the time required to mark parking lots, while at\nthe same time reducing errors. Traditional teams of 2-4 people will be replaced\nby a single person operating the robots.<\/p>\n\n\n\n

To date, 10Lines has been self-funded and won grant funding first place awards from Prototron and MyGalileoSolution, amounting to 125,000 \u20ac.<\/p>\n\n\n\n

Janno Paas, CTO of 10Lines<\/strong>, added:<\/p>\n\n\n\n

\u201cWe are delighted to partner with Tera,\nwhose hands-on approach and global network will be vital as we seek to scale\nrapidly in Europe and particularly the US. At present, we offer a single,\ncomplete solution for the parking lot sector, but in future we plan to expand\ninto related areas such as airports, harbours and road marking. In addition,\nour technology has enormous potential to help pave the way for autonomous\nvehicles and future smart cities.\u201d<\/p>\n\n\n\n

James P. McDougall, Founding Partner at\nTera Ventures,<\/strong> commented: <\/p>\n\n\n\n

\u201cWe are excited to support Tarmo and Janno\non their journey, who have a clear vision for their technology and its global\npotential. They have already assembled a high-calibre team of engineers and\nsoftware experts and we look forward to helping them bring this exciting\nproduct to market. We are also delighted to be joined in this round by Perot\nJain \u2013 a highly strategic co-investor who brings important connections and has\nsignificant value-added contacts and channels in the key US market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

10Lines, the Estonian start-up that has developed autonomous parking lot and road marking robots, has announced a seed round of 700 000 \u20ac led by Tera Ventures, a venture capital firm investing in early-stage global digital start-ups, with co-investment from US investor Perot Jain. We are glad to announce that one of the ESA BIC […]<\/p>\n","protected":false},"author":31,"featured_media":89334,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_s2mail":"yes","footnotes":""},"categories":[17],"tags":[],"class_list":["post-89340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/89340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/comments?post=89340"}],"version-history":[{"count":5,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/89340\/revisions"}],"predecessor-version":[{"id":89346,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/posts\/89340\/revisions\/89346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/media\/89334"}],"wp:attachment":[{"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/media?parent=89340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/categories?post=89340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tehnopol.ee\/en\/wp-json\/wp\/v2\/tags?post=89340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}