USA: SoftWear Au­to­ma­tion gets US $ 4.5 mil­lion fund­ing

Stitch World - - TECH TRACK -

SoftWear Au­to­ma­tion Inc., a US-based ma­chinevi­sion ro­bot­ics firm, has re­ceived fi­nan­cial grant of US $ 4.5 mil­lion from CTW Ven­ture Part­ners. The fund­ing will ac­cel­er­ate the com­pany’s de­vel­op­ment of fully au­to­mated sewn good worklines specif­i­cally for ap­parel pro­duc­tion in the United States.

The com­pany is lead­ing the dis­rup­tion of the

US $ 100 bil­lion sewn prod­ucts in­dus­try with its next- gen­er­a­tion sewing worklines for home goods, footwear and ap­parel. The com­pany’s fully au­to­mated Sew­bots™ al­low man­u­fac­tur­ers to use SEWLOCAL™, mov­ing their sup­ply chains closer to the cus­tomer while cre­at­ing higher qual­ity prod­ucts at a lower cost.

“Our in­no­va­tive Sew­bots are mov­ing nee­dles to the fab­ric in­stead of fab­ric to the nee­dle. Fac­to­ries to­day chase cheap labour around the world and we have ended up with an un­sus­tain­able sup­ply chain. SoftWear Au­to­ma­tion’s Sew­bots can move that man­u­fac­tur­ing closer to the cus­tomer or the raw ma­te­ri­als,” said Palaniswamy Rajan, Chair­man and CEO, SoftWear Au­to­ma­tion. Ad­di­tion­ally, with the help of the fi­nan­cial aid from CTW Ven­ture Part­ners, the com­pany plans to add 20 em­ploy­ees to keep pace with the grow­ing cus­tomer de­mand.

It may be noted that com­pany’s sales grew 1,000 per cent from 2015 to 2016. And now, it is on tar­get to grow at the same rate through the cur­rent fis­cal. One of SoftWear’s most im­por­tant goals is to help bring tex­tile man­u­fac­tur­ing back to the US while cre­at­ing higher-wage jobs for those su­per­vis­ing the Sew­bots’ work. “US tex­tile man­u­fac­tur­ing will look dif­fer­ent when it comes back, but it will be more pro­duc­tive and pro­vide higher pay­ing jobs than be­fore,” added Rajan.

SoftWear Au­to­ma­tion aims to bring tex­tile man­u­fac­tur­ing back to US

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