EP #462 - Marko Bjelonic: The Swiss Robotics Company Jeff Bezos Invested In

Timestamps:

3:52 - Is Switzerland a better version of Germany?

20:55 - Choosing an industry out of many use cases 

24:06 - A business model for robotics

26:28 - Doing software and hardware simultaneously

31:51 - Getting Jeff Bezos as an investor 

About Marko Bjelonic:

⁠Marko Bjelonic⁠ is the co-founder and CEO of ⁠Swiss-Mile⁠, a deep tech ETH spin-off connecting AI with the physical world through autonomous machines. He holds a PhD in Robotics from ETH and worked as a researcher at NCCR Robotics, NCCR Digital Fabrication and the Robotic Systems Lab (ETH), before starting Swiss-Mile in 2023.

Marko was born in Yugoslavia and left the country as a child, together with his family, to escape the Yugoslav wars, which started in 1990. Growing up as an immigrant in Germany, he helped his dad recover from job loss by encouraging him to start his own business and helping him with digitization and with the linguistic aspect. This company was eventually sold, giving Marko an advantageous small business experience.

In 2023 he started Swiss-Mile with friends and colleagues he’d known since 2018. Their USP was simple: they were incorporating neural networks on wheeled-legged robots, helping them to navigate complex environments. Their robots can walk, drive, stand upright, open doors, and manipulate packages. Ever since launch, they’ve had a huge amount of success on social media — their videos have gotten a total of 100M views. This, of course, resulted in over 150 companies reaching out to them to inquire about their product, with leads coming in on a daily basis.

With such an innovative and useful product, Marko and his team had trouble picking the best industries to focus on. After much reflection and many feedback loops with their leads, they decided on security and logistics. When it comes to the security industry, Swiss-Mile robots are useful for maintaining critical infrastructure which must be checked 24/7, since this is a boring, repetitive job for which it is harder and harder to find human workers. In the logistics field, the operations which take place inside warehouses are already quite automated, but the transportation of merchandise from warehouses to the outside world is not, because that is a much more complex environment for a robot to navigate — but not too complex for Swiss-Mile robots! 

Swiss-Mile has had astounding fundraising success. They raised a $3.5M pre-seed round in 2023, and then a $22M seed round in 2024, co-led by Jeff Bezos and the Chinese fund HongShan.

The cover portrait was edited by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.smartportrait.io⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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