Eureka automated the lens coating course of with exact loading, unloading, and flipping methods. | Supply: Eureka Robotics
Eureka Robotics final week mentioned it has raised $10.5 million in Sequence A funding. The Singapore-based startup mentioned this newest spherical positions it to speed up the event and deployment of its most important merchandise, the Eureka Controller and Eureka 3D Digital camera.
The Eureka Controller is a complete system for imaginative and prescient and robotics functions. The firm mentioned it permits high-precision calibration and strong drive management. It additionally acts as a central hub for connecting and controlling a variety of business units.
Alternatively, Eureka Robotics mentioned it designed the Eureka 3D Digital camera so as to add environment friendly and cost-effective 3D imaginative and prescient capabilities to robotic methods. It makes use of AI-based, projector-free 3D reconstruction expertise.
The corporate mentioned these merchandise allow methods 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 carry its expertise to the U.S.
Empowered by robotics and AI analysis from NTU Singapore, MIT, and the College of Tokyo, Eureka Robotics mentioned the funding will assist it develop operations in Singapore and Japan. It additionally plans to make use of the spherical to totally enter the U.S. market, the place it has acquired preliminary clients.
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 extra funding, Eureka plans to develop operations into new main Japanese cities, reminiscent of 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 permits robots to deal with advanced duties, reminiscent of autonomously assembling automotive engines, with each adaptability and micron-level precision, the corporate mentioned.
Actual-world manufacturing unit settings have carried out Eureka’s methods, finishing over 25 million operations for trade 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.
World traders help automation startup
“Eureka Robotics was based in 2018 with the mission of serving to factories worldwide automate boring, soiled, and harmful work, in order that human staff can deal with their inventive endeavors,” acknowledged Dr. Pham Quang Cuong, co-founder and CEO. “We’re proud to achieve the subsequent stage of our growth, with the help of our traders and the cooperation of our esteemed clients and companions. We are going to proceed to make additional efforts to carry our progressive expertise to society.”
B Capital, a worldwide multi-stage funding agency, led the spherical. New traders included Airbus Ventures, an impartial, 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 traders UTEC, one in all Asia’s largest deep-tech funding corporations, and ATEQ, a producing firm in leak testing.
