BREAKING RIIICO closes $5M seed led by Pi Labs - June 2025 Joe Kaeser writes personal angel check Siemens Inventors of the Year 2024 Official NVIDIA Omniverse connector live Volvo Cars Tech Fund joins cap table Düsseldorf HQ - Berkeley SkyDeck cohort BREAKING RIIICO closes $5M seed led by Pi Labs - June 2025 Joe Kaeser writes personal angel check Siemens Inventors of the Year 2024 Official NVIDIA Omniverse connector live Volvo Cars Tech Fund joins cap table Düsseldorf HQ - Berkeley SkyDeck cohort
YesPress · The Company File · No. 084

RIIICO

A scanner walks into a factory. An AI walks out with a 3D model. Somewhere in between, Düsseldorf rewrites how plants get redesigned.

Founded 2021 Düsseldorf, DE ~40 People Seed · $5M AI · Industrial
RIIICO factory scan and 3D model visualization
Field Notes / Plate 01
Reality, captured. Inside a working production hall, the LiDAR sweeps. Within hours, RIIICO's models give engineers something they rarely get: a factory they can edit.
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The factory you already own, on the desk you already use.

It is a Tuesday morning on a real shop floor, somewhere in the German Mittelstand. A NavVis trolley rolls past presses older than half the people operating them. A scanner catches everything - the columns, the cabinets, the conveyors, the coffee machine someone wheeled in front of an emergency exit. Out comes a point cloud: forty million coordinates, zero meaning. By the end of the week, an engineer in Düsseldorf opens that scan and finds something different. The cabinets are labeled cabinets. The conveyors snap to their bounding boxes. The coffee machine is, helpfully, a coffee machine. The factory is no longer a photograph. It is a model. You can move things in it.

That quiet flip - from picture to plan - is what RIIICO sells. The company was started in 2021 by three RWTH Aachen graduates who noticed that every conversation about "the digital twin" assumed the twin already existed. In practice, most of the world's factories were drawn on paper, modified by tradition, and undocumented since the Schröder government. RIIICO's bet was that AI could close that gap - not by replacing CAD, but by writing CAD's missing first chapter.

Four years later, the bet is paying. In June 2025, RIIICO closed a $5 million seed round led by London's Pi Labs, with the Volvo Cars Tech Fund, Earlybird, seed + speed Ventures and WaVe-X joining. Joe Kaeser, the former Siemens CEO, wrote a personal check. Siemens itself had already named RIIICO Inventors of the Year 2024 - the first startup to take the conglomerate's Open Innovation prize. NVIDIA listed the company as an official Omniverse connector. None of these are accidents. They are a category forming around a company.

Most software wants to be revolutionary. RIIICO wants to be useful. The distinction matters in manufacturing, where revolutionary tends to mean shut down the line and revolutionary is therefore the worst thing software can be. Factory engineers do not want a new world; they want a model of the world they already have, and they want to be able to change it before lunch.

80%Less modeling time
$6.5MTotal raised
3Co-founders, one alma mater
2024Siemens Inventors of the Year

A pipeline that reads concrete.

A factory does not arrive in CAD. It arrives in noise. RIIICO's pipeline takes the noise and gives it back its name.

From scan to simulation

1CaptureNavVis · Faro · Leica · any scanner
2SegmentDeep-learning splits the point cloud into discrete objects
3ClassifyEach object pre-labeled: press, robot, rack, wall
4ExportOpenUSD, CAD, Tecnomatix, Omniverse
Most digital twins go unused because nobody can edit them. RIIICO's pitch is the opposite: a twin you can move things in. — YesPress, on the brownfield problem

What ships in the box.

RIIICO Platform

The core: ingest LiDAR scans, segment and classify every object on the shop floor, export to whatever the engineer is using next.

Omniverse Connector

Factory scenes flow into NVIDIA Omniverse as OpenUSD. Simulate process, robotics, layout - all on the model born from your real plant.

CAD Bridges

Direct paths into Siemens Tecnomatix, Dassault 3DExperience and Bentley MicroStation. The handoff is the product.

Scanner-Agnostic

NavVis, Faro, Leica - the AI does not care which device captured the cloud. The hardware is a commodity. The interpretation is RIIICO.

Three engineers from Aachen.

They met at RWTH Aachen University, one of Siemens' partner schools. They were students when they decided existing factories deserved better software than they had.

FF
Felix FinkCo-Founder · CEO
JB
Jan BüchsenschützCo-Founder · COO
PM
Patrick MertensCo-Founder · CTO

A four-year sprint.

2021
Founded at RWTH Aachen by Fink, Büchsenschütz and Mertens.
2023
$1.5M pre-seed led by Earlybird Venture Capital.
2024
Siemens Inventors of the Year. NVIDIA Omniverse connector ships.
2025
$5M seed led by Pi Labs. Joe Kaeser invests. Berkeley SkyDeck cohort.

Customers and confidants.

RIIICO's reference list reads like an industrial yearbook. Siemens is a customer, a partner and a champion - and Joe Kaeser, who ran Siemens for six years, is now an angel on the cap table. Volvo Cars is both a customer and an investor through its tech fund. Schaeffler, the automotive supplier with more than 80,000 employees, is among the company's early enterprise users.

Two patterns sit underneath. First: every customer also has a strategic angle. The companies modeling their factories with RIIICO are the same ones pushing the standards RIIICO is built on - OpenUSD, Siemens Xcelerator, the Omniverse stack. Second: RIIICO did not win these accounts by being cheaper. It won them by being faster, and by being editable. The brownfield is the entire game.

Back on the shop floor.

Return to that Tuesday morning. The NavVis trolley is gone. The plant manager has a Surface tablet on a bench somewhere near the press line, and on it sits the same factory he has worked in for twenty years - except now he can move things in it. Drag the conveyor. Add a robot cell. Run the line in Omniverse. See what breaks. Undo. He does this between cigarette breaks. Nothing in the actual factory has moved yet, and that is the point. The model has moved instead.

This is RIIICO's quiet trick: making the digital twin the place where decisions happen, not the place where decisions get documented after the fact. The factory used to be the source of truth. Now it is the source of training data, and the truth lives one floor up, in the office where the plant manager keeps his Surface. The coffee machine, by the way, has been re-classified. It is now in front of the right wall.