Augmentus raises seed funding for its no-code AI robotics programming platform
Augmentus has secured an unknown sum of Cocoon Capital seed investments, a Singapore-based non-code AI robotics programming platform.
The money will assist the introduction of Augmentus’ platform and will increase the recruitment process for various jobs, including software development, corporate development, and partnerships.
Robot manufacturers now use proprietary languages which need considerable training and expertise. Because automation needs a high degree of customization, over 75% of the costs of a typical industrial robot go-to software.
Augmentus, which was founded in 2019, aims to overcome this problem by allowing firms to install sophisticated industrial robots with great precision in minutes rather than weeks.
Its patented technology includes a user-friendly graphical interface that removes the need for coding, allowing for up to 17 times quicker programming and integration across a wide range of industrial applications.
Global robot manufacturers such as ABB, Universal Robots, TM Robots, Kuka, Nachi, and Mitsubishi Electric are among the company’s clients, with over 60% of the market’s industrial robots supported.
“With the growing adoption of industrial robots in industries such as manufacturing, automotive, and farming, Augmentus is on a mission to bring greater efficiency to the industry by lowering the time, cost, and skill barriers. Ultimately, we want to make robotics accessible to everyone to use in any application imaginable”, said Leong Yong Shin, co-founder of Augmentus.
“The quick embrace by leading robotics manufacturers is unique as early stage companies usually take years to get this level of top executive attention. We are excited to partner with Shin and his team to accelerate a more automated, efficient, and robust manufacturing industry in a post-COVID world”, said Will Klippgen, Managing Partner at Cocoon Capital who also recently joined the Augmentus board of directors.
