Roboxi, a Stavanger-based startup specialising in airport airside automation and autonomy, has announced the completion of a share issue raising approximately €13 million in new equity.
According to the company, the share issue generated significant interest from both new and existing shareholders. The primary investors are prominent ones based in the Rogaland region of Norway. The transaction is intended to support the company’s continued growth, fund strategic initiatives, and strengthen its balance sheet.
Magnus O. Finnesand, CEO of Roboxi, stated, “The successful completion of this share issue marks an important milestone for the company. The capital raised will enable us to scale operations, deliver on already committed and expected contracts, strengthen our market position, and continue investing in innovation and growth opportunities.”
Founded in 2018, Roboxi offers multi-functional autonomous solutions to transform inspection and maintenance operations on airport runways, taxiways and aprons. Its solutions include runway and taxiway inspections and real-time safety monitoring, which help improve safety, ensure regulatory compliance, and reduce operational costs, thereby helping airports operate efficiently and safely.
The company provides solutions for detecting and collecting Foreign Object Debris (FOD) in airport airside areas. Its robotic systems and API-based platforms facilitate FOD detection, debris removal, and integration with current airport systems, fully digitising workflows.
Roboxi employs AI to automatically identify and eliminate Foreign Object Debris (FOD) from runway and airport airside areas. Its robotic systems and API platforms support FOD detection, debris clearance, and integration with existing airport systems, fully digitising workflows. Additionally, Roboxi uses cameras and software to autonomously detect and report faulty runway lights.
The combination of camera technology and custom software allows Roboxi to continuously monitor the runway surface. Meanwhile, it also uses autonomous technology to constantly scan for and deter birds, running these functions simultaneously.
Since its inception, the company has reached several key milestones, including developing and securing approval for the Roboxi multifunctional technology solutions designed for airport runways, taxiways, and aprons. This was performed in close cooperation with Avinor and the Norwegian Civil Aviation Authorities.
The company successfully developed and implemented the world’s first airport automatic AI-driven Foreign Object Debris detection and collection system. It also created a light inspection system that identifies defects in airport lighting and offers photometric capabilities. Additionally, it implemented a surface inspection system using a high-speed 3D laser technology, as well as a wildlife and bird detection and deterrence system.
The company has built important customer relations with airports worldwide, verified operational performance, and established projects with leading airports such as Schiphol, Frankfurt, Firenze, Dallas, Stavanger, and others.
Knut Molaug, the Chairperson of the Board and a key investor, remarked, “The strong support from both new and existing investors validates Roboxi’s vision, technology, and the strong momentum we are experiencing in the market. With this capital, we are positioned to scale operations and continue delivering substantial value to our customers.”
