Eureka automated the lens coating course of with exact loading, unloading, and flipping programs. | 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 primary merchandise, the Eureka Controller and Eureka 3D Digital camera.
The Eureka Controller is a complete system for imaginative and prescient and robotics purposes. The firm mentioned it permits high-precision calibration and sturdy power management. It additionally acts as a central hub for connecting and controlling a variety of business gadgets.
Then again, 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 programs. It makes use of AI-based, projector-free 3D reconstruction expertise.
The corporate mentioned these merchandise allow programs integrators and producers to deploy high-accuracy, high-agility (HA-HA) purposes. These embody choosing, object recognition, and inspection in factories and warehouses, permitting robots to carry out duties with better 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 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, comparable 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 permits robots to deal with advanced duties, comparable to autonomously assembling automotive engines, with each adaptability and micron-level precision, the corporate mentioned.
Actual-world manufacturing unit settings have applied Eureka’s programs, 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 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 improvement, 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 carry our revolutionary expertise to society.”
B Capital, a world 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. Ok. 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.