Eureka Robotics raises $10.5M to scale its vision systems in the U.S.

Eureka Robotics recently stated it has actually increased $10.5 million in Collection A financing. The Singapore-based start-up stated this most current round settings it to speed up the growth and implementation of its primary items, the Eureka Controller and Eureka 3D Video Camera.

The Eureka Controller is an extensive system for vision and robotics applications. The firm stated it allows high-precision calibration and durable pressure control. It additionally functions as a main center for linking and managing a vast array of commercial tools.

On the various other hand, Eureka Robotics stated it created the Eureka 3D Video camera to include reliable and cost-efficient 3D vision abilities to robot systems. It utilizes AI-based, projector-free 3D restoration innovation.

The firm stated these items make it possible for systems integrators and suppliers to release high-accuracy, high-agility (HA-HA) applications. These consist of selecting, object acknowledgment, and evaluation in manufacturing facilities and stockrooms, permitting robotics to carry out jobs with higher accuracy.

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Eureka intends to bring its innovation to the united state

Equipped by robotics and AI research study from NTU Singapore, MIT, and the College of Tokyo, Eureka Robotics stated the financing will certainly assist it expand procedures in Singapore and Japan. It additionally prepares to make use of the round to totally get in the united state market, where it has actually gotten first consumers.

With the funds gotten in its previous pre-Series A round led by UTEC, Eureka developed a branch workplace in Tokyo and got grip in the Japanese market. With extra financing, Eureka prepares to increase procedures right into brand-new significant Japanese cities, such as Nagoya and Osaka.

Eureka asserted that its exclusive HA-HA innovation connects the space in between AI and physical production, incorporating high-agility knowledge with high-accuracy spatial accuracy. This innovation allows robotics to manage complicated jobs, such as autonomously setting up vehicle engines, with both versatility and micron-level accuracy, the firm stated.

Real-world manufacturing facility setups have actually applied Eureka’s systems, finishing over 25 million procedures for sector leaders, consisting of Toyota, DENSO, Bridgestone, Mitsui Fudosan, and Sumitomo Bakelite in Japan, in addition to Pratt & Whitney, Coherent, and Excelitas in the United State

Worldwide financiers sustain automation start-up

” Eureka Robotics was established in 2018 with the objective helpful manufacturing facilities globally automate boring, filthy, and harmful job, to make sure that human employees can concentrate on their imaginative undertakings,” specified Dr. Pham Quang Cuong, founder and chief executive officer. “We are honored to get to the following phase of our growth, with the assistance of our financiers and the participation of our respected consumers and companions. We will certainly remain to make more initiatives to bring our cutting-edge innovation to culture.”

B Funding, a worldwide multi-stage investment company, led the round. Brand-new financiers consisted of Airplane Ventures, an independent, deep-tech financial backing company; Maruka Corp., a publicly-listed Japanese trading firm concentrating on equipment; and G. K. Goh Ventures, a Singapore-based early-stage investment company.

Eureka’s Collection A likewise consisted of returning financiers UTEC, among Asia’s biggest deep-tech investment company, and ATEQ, a producing firm in leakage screening.