Y Soft Corporation, a Czech-based multinational specializing in software and electronic hardware, has secured €30 million in financing from the European Investment Bank (EIB). This investment aims to accelerate the development of Y Soft's cloud-based office solutions and automation tools, including robotics, cameras, sensors, and integrated software systems. The EIB's venture debt financing will support Y Soft's research and development initiatives over the next three years, primarily in Brno, Czech Republic. This funding represents half of the company's €60 million project cost and is facilitated through the InvestEU programme, which seeks to mobilize investment for European policy priorities between 2021 and 2027. EIB Vice-President Kyriacos Kakouris expressed support for Y Soft's innovative efforts, stating, "This financing not only reinforces our commitment to fostering innovation and economic resilience within the EU but also promotes regional growth in the Czech Republic." Founded in 2000 in Brno, Y Soft develops enterprise software for print and scan management, both on-premises and in the cloud. Their products are utilized in over 190 countries, assisting businesses in eliminating print servers, enhancing security, and automating document-related workflows. John Collins, Y Soft Group CFO & Vice Chairman, highlighted the significance of the EIB partnership, stating, "EIB funding complements the Group’s substantial internal investments, leveraging and bolstering its ambitious growth strategy and accelerating and expediting its execution timeline." The AIVA suite, developed by Y Soft, offers a comprehensive set of tools designed to automate testing tasks and enable continuous integration in hardware environments. By integrating robotics, cameras, sensors, and software, AIVA aims to revolutionize business practices by reducing manual intervention and increasing operational accuracy. This EIB investment aligns with the European Union's objectives of promoting innovation, digital transformation, and economic cohesion. By supporting companies like Y Soft, the EIB and InvestEU contribute to technological advancements that enhance the EU's competitive position in the global market, fostering sustainable growth and job creation. The InvestEU backing for Y Soft falls under the "Future Technologies" policy priority area, supporting deep-tech investments and future technologies within the EU. This support is expected to attract additional equity and debt providers, amplifying the impact of the investment.