RIIICO
Overview
RIIICO is a German technology company specializing in AI-driven digital twin creation tools using 3D scans. The startup was founded in 2021 by Patrick Mertens and Jan Büchsenschuetz and is headquartered in Düsseldorf, Germany. RIIICO has successfully raised approximately €4.3 million in funding from notable investors, including WaVe-X and Pi Labs. The company focuses on providing transformative solutions for industrial companies by facilitating digital modeling and efficient redesign of existing factory layouts.
Recent Developments
- June 2025: RIIICO secured €4.3 million in seed funding aimed at expanding its AI platform for digitalizing factories. This funding round was led by Pi Labs, alongside other investors such as WaVe-X and seed + speed Ventures. The investment will enable RIIICO to enhance its digital twin applications, helping industrial clients improve efficiency, resilience, and flexibility.
- February 2023: RIIICO received $1.5 million in a seed funding round to accelerate the development of its AI-powered digital twin technology, with noted investors including Earlybird and Berkeley SkyDeck.
- Ongoing Collaboration with Siemens: As of 2025, RIIICO continues to work with Siemens to integrate its digital twin solutions on the Siemens Xcelerator platform. This collaboration aims to bring accuracy and efficiency to factory designs by transforming real-world data into precise digital models.
- 2024: RIIICO was awarded the Siemens Inventors of the Year Award in the Open Innovation category for its impactful digital transformation solutions for factories.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Düsseldorf, Germany |
| Founders | Patrick Mertens, Jan Büchsenschuetz |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | WaVe-X, Pi Labs, seed + speed Ventures, Earlybird, Berkeley SkyDeck |
| Industry | Information Technology, Software, AI |
| Number of Employees | 29 |
Early History
RIIICO was established in 2021 by co-founders Patrick Mertens and Jan Büchsenschuetz with the vision of revolutionizing industrial design through digital twin technology. The company harnesses AI to transform LiDAR scans into digital factory layouts, offering a cost-effective and time-efficient solution. Initially, RIIICO focused on the automotive industry, helping manufacturers adapt factories for electric vehicle production by reshaping pre-existing infrastructures. This innovation allowed the company to swiftly capture interest from industries requiring high-quality, detailed planning solutions.
Company Profile and Achievements
RIIICO stands out for its unique use of AI and 3D scan technology to facilitate the digital transformation of industrial operations. Key milestones and achievements include:
- 2022: Successful implementation in the automotive sector, specifically for shifting production lines from combustion engines to electric vehicles.
- 2023: Raised initial seed funding to develop AI digital twin technology further.
- 2024: Recognition with the Siemens Inventors of the Year Award, highlighting its contributions to digital innovation.
- 2025: Secured an additional €4.3 million in funding to expand its AI toolset and digital model applications for a broader industrial audience. RIIICO’s collaborative AI tools reduce redesign times by 75%, setting industry benchmarks for efficiency.
Current Operations and Market Position
RIIICO is at the forefront of industrial innovation, employing AI to create digital twins from factory data. This capability allows RIIICO to stay competitive, particularly in aiding Western manufacturers looking to retrofit existing facilities rather than constructing new ones. The company’s emphasis on flexibility supports the dynamic adaptation of production lines to new market demands, a strategic advantage in today’s fast-paced industrial landscape. RIIICO’s solutions not only increase efficiency but also decrease project costs by minimizing on-site revisions.
Conclusion
RIIICO is making significant strides in transforming industrial facility planning using AI technology. With its base in Düsseldorf, Germany, RIIICO’s digital twin solutions enable companies to maximize resource utilization and efficiency. Looking ahead, RIIICO aims to continue expanding its presence through strategic partnerships and comprehensive digital applications. The company's innovative approach positions it strategically to capitalize on emerging industrial trends, ensuring its continued impact on the industry’s future.