Foresight Group announces the £1.5m growth capital investment into Inovo Robotics Limited on behalf of the Foresight Williams Technology EIS Fund.

Inovo is developing a low-cost collaborative robot (“cobot”) that can integrate into existing workforce processes. Inovo’s modular design means the cobot can be easily adapted to varying customer requirements.

Henry Wood and Jonathan Cheung, previously senior engineers at Northrop Grumman, founded Inovo in 2016. Both founders possess deep technical expertise and experience of delivering complex engineering development projects and, between them, they have more than 30 years of combined experience in robotics and engineering.