Singapore’s Eureka Robotics raised $10.5 M Series A funding from B Capital
Singapore-based startup in robotics A global multi-stage investment firm called B Capital is leading Eureka Robotics’ $10.5 million Series A funding round.
New investors Airbus Ventures, an independent venture capital firm serving deep tech entrepreneurs, Maruka Corporation, a publicly traded Japanese trading company specializing in machinery, and G. K. Goh Ventures, an early-stage investment firm based in Singapore, also participated in the round, according to a statement released by Eureka Robotics on Thursday.
Returning investors ATEQ, a market leader in leak testing manufacturing, and UTEC, a deep-tech investment firm, also participated.
The money will allow Eureka to fully enter the US market, where it has already attracted its first clients, and scale its operations in the current markets of Singapore and Japan.
Eureka had a branch office in Tokyo and had made considerable headway in the Japanese market with the money raised in the last Pre-Series A round, which was led by UTEC.
Eureka intends to grow into new major Japanese cities like Nagoya and Osaka with more funding.
The company’s primary products, the Eureka Controller and Eureka 3D Camera, will be developed and implemented more quickly thanks to the funding round.
High-precision calibration and reliable force control are made possible by Eureka Controller, a complete solution for robotics and vision applications that serves as a central hub for connecting and managing a variety of industrial equipment.
The Eureka 3D Camera employs innovative AI-based, projector-free 3D reconstruction technology to give robotic systems effective and affordable 3D vision capabilities.
By combining these products, manufacturers and system integrators can implement High Accuracy – High Agility (HA-HA) applications, such as object recognition, inspection, and picking, in factories and warehouses, enabling robots to carry out tasks more precisely.
“We are proud to reach the next stage of our development, with the support of our investors and the cooperation of our esteemed customers and partners,
“We will continue to make further efforts to bring our innovative technology to society,” said Dr. Pham Quang Cuong, Eureka Robotics Co-founder and Chief Executive Officer Dr. Pham Quang Cuong.
The goal of Eureka Robotics, which was established in 2018, is to assist factories all over the world in automating tedious, hazardous, and unclean tasks so that human workers can concentrate on their creative pursuits.
Eureka Robotics provides robotic software and systems to automate tasks that require HA-HA, fueled by robotics and AI research from NTU Singapore, MIT, and the University of Tokyo.
Eureka’s strengths are its vast industrial deployment experience and its proprietary technologies (High Accuracy Calibration, Computer Vision, Motion Planning, and Force Control).
