RIIICO
Category: AI Infrastructure
AI-powered software platform that automatically converts LiDAR scans of existing factories into precise, interactive 3D digital twins for faster factory planning and redesign. RIIICO was founded in 2021. The company is led by Felix Fink. Based in Düsseldorf, Germany. Team size: 25-50. Total funding raised: $6.5M. Latest round: Seed ($5M, Jun 2025). Key investors include Pi Labs, seed + speed Ventures, WaVe-X, Earlybird Venture Capital, Volvo Cars Tech Fund, Berkeley SkyDeck Fund.
- Founded
- 2021
- Headquarters
- Düsseldorf, Germany
- Team size
- 25-50
- Total funding
- $6.5M
Value proposition
Enables 4x faster factory redesign by automatically transforming LiDAR scan data into CAD-compatible 3D digital twins, reducing planning time, minimizing costly on-site revisions, and bridging the gap between physical reality and digital simulation workflows.
Products and solutions
AI-Powered 3D Digital Twin Generation Platform, Automated LiDAR Point Cloud Processing & Segmentation, Browser-Based Factory Planning Software, 3D Data Manager (Siemens Xcelerator Integration), Scanner-Agnostic Reality Capture Processing
Unique value
Proprietary AI that automatically detects, extracts, classifies, and transforms individual objects (from small carts to complex building infrastructure) from LiDAR point clouds into high-quality, CAD-compatible 3D models. Scanner-agnostic technology that works with any standard point cloud format (E57, PLY).
Target customer
Established manufacturing companies, particularly automotive OEMs and suppliers, that need to retrofit or reconfigure existing production facilities for new product lines (brownfield factories)
Industries served
Manufacturing & Industrial Engineering, Automotive Industry, E-Mobility & Electric Vehicle Production, Factory Planning & Digital Twin Technology, Industrial Metaverse
Technology advantage
Deep learning algorithms for 3D point cloud segmentation and meshing that integrate seamlessly with major industrial simulation platforms (Siemens Tecnomatix, NVIDIA Omniverse, Dassault 3DExperience). Reduces CAD modeling costs and lead times by generating engineering-ready 3D objects at scale through a browser-based SaaS platform.
How they differentiate
RIIICO differentiates through AI-driven automatic object extraction that creates CAD-ready 3D digital twins from LiDAR scans, featuring drag-and-drop functionality for individual factory components. Unlike competitors focusing on visualization or general 3D capture, RIIICO specializes in scanner-agnostic processing with direct integration into major industrial platforms (Siemens Tecnomatix, NVIDIA Omniverse, Dassault 3DExperience), enabling 4x faster factory redesign for brownfield retrofitting, particularly in automotive e-mobility transitions.
Main competitors
Samp, Prevu3D, Cupix
Key partnerships
Siemens (Xcelerator Ecosystem Partner, Inventor of the Year 2024 - Open Innovation Category), NVIDIA (Omniverse Platform Integration), Volkswagen Group (Validation Partner & Customer), Porsche (Automotive Manufacturing Partner), Schaeffler (Industrial Partner), Berkeley SkyDeck Accelerator (Program Participant), Major LiDAR Scanner Manufacturers (NavVis, Faro, Leica compatibility)
Notable customers
Siemens, Porsche, Volkswagen, Schaeffler, Schmitz Cargobull, Volvo Cars
Major milestones
First startup to win Siemens Inventor of the Year Award (2024) in Open Innovation category, Selected for Berkeley SkyDeck Accelerator Program, Won HTGF Deep Tech Award at Stage Two competition (2021), Successfully deployed solution for transitioning ICE factories to EV production lines, Achieved scanner-agnostic compatibility with major LiDAR formats (E57, PLY), Partnership with Siemens Xcelerator ecosystem for industrial metaverse applications
Growth metrics
Early revenue-generating stage with enterprise customers in automotive manufacturing. Successfully validated technology through major OEM partnerships. Achieved 4x faster factory redesign capability demonstrated in real-world EV production line transitions from combustion engine factories.
Market positioning
Early-stage deep tech startup positioned between generic 3D scanning solutions and enterprise CAD/simulation software. Complements rather than replaces existing digital twin ecosystems, serving as a specialized AI layer that transforms reality capture data into engineering-ready 3D objects. Targets established manufacturing companies needing to retrofit existing facilities rather than new greenfield construction.
Geographic focus
Primary focus on Germany and European manufacturing markets, headquartered in Düsseldorf. Strong concentration on German automotive industry (Volkswagen, Porsche, Schaeffler) and industrial sector. Strategic partnerships with Siemens provide access to global manufacturing customers. Berkeley SkyDeck participation indicates expansion ambitions to North American markets.
Patents and IP
No registered patents publicly disclosed as of latest update. Company appears to rely on proprietary AI algorithms, trade secrets, and first-mover advantage in automated factory digital twin generation.
About Felix Fink
Co-Founder & CEO at RIIICO since 2021. Former CEO of Crowdcoding IT Solutions UG (2017-2020). Previous experience includes internships at Daimler AG (2017) and TARGUS Management Consulting (2018), and Quality Agent at Utimaco GmbH (2015). Industrial Engineering graduate from RWTH Aachen University (2017-2021) with exchange program at University of California, Berkeley (2019-2020). First startup to win Siemens Inventor of the Year award in Open Innovation category (2024).
Official website: https://riiico.com