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Faculty News

© Atelier-Jungwirth

Styrian robotics specialist is bought up by US group Verizon

February 16, 2021
 

Incubed IT, a start-up founded in 2011 by seven graduates of TU Graz, is being bought by the US company Verizon (2020: $128.3 billion sales). The founders got together back in 2004 when they first formed a TU team for the Robocup. In 2011, the seven graduates of TU Graz (Julia Arnus, Stephan Gspandl, Reinhard Günther, Andreas Hechenblaickner, Michael Reip, Mate Wolfram and Christoph Zehentner) founded Incubed IT. They recently achieved annual sales in the low millions, and have already received many awards, including the "Phoenix" founder prize, the "Robotics Award" at the Hanover Trade Fair, and the Fast Forward Award.