Eureka automated the lens coating course of with exact loading, unloading, and flipping techniques. | Supply: Eureka Robotics
Eureka Robotics final week stated it has raised $10.5 million in Sequence A funding. The Singapore-based startup stated this newest spherical positions it to speed up the event and deployment of its fundamental merchandise, the Eureka Controller and Eureka 3D Digicam.
The Eureka Controller is a complete system for imaginative and prescient and robotics functions. The firm stated it allows high-precision calibration and strong power management. It additionally acts as a central hub for connecting and controlling a variety of business units.
Alternatively, Eureka Robotics stated it designed the Eureka 3D Digicam so as to add environment friendly and cost-effective 3D imaginative and prescient capabilities to robotic techniques. It makes use of AI-based, projector-free 3D reconstruction expertise.
The corporate stated these merchandise allow techniques integrators and producers to deploy high-accuracy, high-agility (HA-HA) functions. These embody choosing, object recognition, and inspection in factories and warehouses, permitting robots to carry out duties with larger precision.
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Eureka goals to deliver its expertise to the U.S.
Empowered by robotics and AI analysis from NTU Singapore, MIT, and the College of Tokyo, Eureka Robotics stated the funding will assist it develop operations in Singapore and Japan. It additionally plans to make use of the spherical to completely enter the U.S. market, the place it has acquired preliminary prospects.
Eureka co-founders Dr. Pham Quang Cuong (left) and Dr. Hung Pham. Supply: Eureka Robotics
With the funds obtained in its earlier pre-Sequence A spherical led by UTEC, Eureka established a department workplace in Tokyo and gained traction within the Japanese market. With further funding, Eureka plans to increase operations into new main Japanese cities, similar to Nagoya and Osaka.
Eureka claimed that its proprietary HA-HA expertise bridges the hole between AI and bodily manufacturing, combining high-agility intelligence with high-accuracy spatial precision. This expertise allows robots to deal with complicated duties, similar to autonomously assembling automobile engines, with each adaptability and micron-level precision, the corporate stated.
Actual-world manufacturing unit settings have carried out Eureka’s techniques, finishing over 25 million operations for business leaders, together with Toyota, DENSO, Bridgestone, Mitsui Fudosan, and Sumitomo Bakelite in Japan, in addition to Pratt & Whitney, Coherent, and Excelitas within the U.S.
International buyers help automation startup
“Eureka Robotics was based in 2018 with the mission of serving to factories worldwide automate uninteresting, soiled, and harmful work, in order that human employees can deal with their inventive endeavors,” said Dr. Pham Quang Cuong, co-founder and CEO. “We’re proud to succeed in the following stage of our growth, with the help of our buyers and the cooperation of our esteemed prospects and companions. We are going to proceed to make additional efforts to deliver our progressive expertise to society.”
B Capital, a worldwide multi-stage funding agency, led the spherical. New buyers included Airbus Ventures, an unbiased, deep-tech enterprise capital agency; Maruka Corp., a publicly-listed Japanese buying and selling firm specializing in equipment; and G. Okay. Goh Ventures, a Singapore-based early-stage funding agency.
Eureka’s Sequence A additionally included returning buyers UTEC, one in all Asia’s largest deep-tech funding corporations, and ATEQ, a producing firm in leak testing.
