Entreprenuernewsnetwork

Eureka Robotics Secures $10.5M Series A Funding to Transform Industrial Automation

Singapore-based Eureka Robotics, a leading innovator in industrial automation, has successfully raised $10.5 million in Series A funding. The round was led by B Capital, with participation from new investors Airbus Ventures, Maruka Corporation, G.K. Goh Ventures, and returning investors UTEC and ATEQ. This funding milestone accelerates Eureka’s mission to revolutionize manufacturing with advanced robotics and AI solutions.

Transforming Factories with Automation

Founded in 2018, Eureka Robotics is on a mission to help factories automate tedious, dangerous, and repetitive tasks, allowing human workers to focus on creative and strategic endeavors. According to Dr. Pham Quang Cuong, Co-founder & CEO of Eureka Robotics:
“This funding marks a significant step in our journey to bring innovative technology to society. We are deeply grateful for the support of our investors, customers, and partners.”

Flagship Products Driving Innovation

Eureka Robotics specializes in High Accuracy – High Agility (HA-HA) applications that integrate robotics with precision and adaptability. Its flagship products include:

  1. Eureka Controller:
    A comprehensive solution for vision and robotics applications, it enables high-precision calibration, robust force control, and seamless integration of industrial devices.
  2. Eureka 3D Camera:
    Equipped with groundbreaking AI-based, projector-free 3D reconstruction technology, this system provides cost-effective 3D vision capabilities, enhancing robotic systems for tasks such as picking, object recognition, and inspection.

Together, these innovations empower manufacturers and system integrators to deploy advanced robotics in factories and warehouses, achieving greater efficiency and precision in complex tasks.

Expanding Global Footprint

With this funding, Eureka Robotics plans to scale its operations in Singapore and Japan, while fully entering the US market, where initial customers are already onboard.

  • Japan Expansion: Building on traction from its Tokyo branch, the company plans to extend operations to major cities like Nagoya and Osaka.
  • US Entry: With an eye on the vast American manufacturing sector, Eureka aims to introduce its HA-HA robotics technology to revolutionize processes in the region.

Bridging AI and Physical Manufacturing

Eureka’s proprietary HA-HA technology bridges the gap between artificial intelligence and physical manufacturing. This approach allows robots to handle intricate tasks, such as autonomously assembling car engines, with both adaptability and micron-level precision.

To date, Eureka Robotics has completed over 25 million operations for industry giants, including Toyota, Denso, Bridgestone, Pratt & Whitney, and Coherent.

Industry Leaders Endorse Eureka Robotics

Karan Mohla, General Partner at B Capital, praised Eureka Robotics for its transformative impact:
“Eureka Robotics is leading the next wave of embodied AI and industrial automation, redefining manufacturing processes with high-precision, high-agility robotics. We’re thrilled to support their global expansion and innovation.”

Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, and for LinkedIn– Click Here

Leave a Comment