The main goal of this loan is to help speed up the development of cloud solutions that combine software with robotics and cameras.

The Brno based company will use part of this loan for a transformation of their headquarters. The other half of the transformation costs will be paid directly from the company. The rest of the money will be used to develop robotic technologies such as AIVA. This technology helps companies to simplify and automate human workflows. Through artificial intelligence algorithms it evaluates the work and then creates simulation. Such automatization can help with productivity and sustainability, which is connected to the mission of EU to speed up digital transformation and support dynamic businesses.

European Investment Bank supports many Czech companies. This year it has already supported Rohlik Group with 90 million EUR to accelerate their Europe expansion.

Source: www.forbes.cz

Compiled by the Dutch team of CzechTrade