Singapore’s Eureka Robotics raises $10.5 in Series A funding round led by B Capital

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Singapore-based robotics start-up Eureka Robotics has raised $10.5 million in Series A funding round led by B Capital, a global multi-stage investment firm.

Eureka Robotics said in a statement on Thursday that the round also saw participation from new investors Airbus Ventures, an independent venture capital firm operating in service of deep tech entrepreneurs, Maruka Corporation, a publicly-listed Japanese trading company specialized in machinery, G. K. Goh Ventures, a Singapore-based early-stage investment firm.

It also saw participation from returning investors UTEC, a deep-tech investment firms, and ATEQ, a market-leading manufacturing company in leak testing.

The funding will help scale the company’s operations in existing markets of Singapore and Japan, as well as enable Eureka to fully enter the US market, where the company has already acquired initial customers.

Using the funds obtained in the previous Pre-Series A round led by UTEC, Eureka had established a branch office in Tokyo and gained significant traction in the Japan market.

With additional funding, Eureka plans to expand operations into new major Japanese cities, such as Nagoya and Osaka.

The financing round also positions the company to accelerate the development and deployment of its main products, Eureka Controller and Eureka 3D Camera.

Eureka Controller, a comprehensive solution for vision and robotics applications, enables high-precision calibration and robust force control, and acts as a central hub for connecting and controlling a wide range of industrial devices.

Eureka 3D Camera, designed to add efficient and cost-effective 3D vision capabilities to robotic systems, uses ground-breaking AI-based, projector-free 3D reconstruction technology.

Together, these products enable System Integrators and Manufacturers to deploy High Accuracy – High Agility (HA-HA) applications including picking, object recognition, inspection in factories and warehouses, allowing robots to perform tasks with greater precision.

“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.

Eureka Robotics was founded in 2018 with the mission of helping factories worldwide automate dull, dirty, and dangerous work, so that human workers can focus on their creative endeavors.

Empowered by Robotics and AI research from NTU Singapore, MIT, and the University of Tokyo, Eureka Robotics delivers robotic software and systems to automate tasks that require HA-HA.

Eureka’s strengths lie in its proprietary technologies (High Accuracy Calibration, Computer Vision, Motion Planning, Force Control) and extensive industrial deployment experience.

Its proprietary HA-HA technology bridges the gap between artificial intelligence (AI) and physical manufacturing, combining high-agility intelligence with high-accuracy spatial precision.

This innovation enables robots to handle complex tasks, such as autonomously assembling car engines, with both adaptability and micron-level precision.

Eureka has successfully implemented this technology in real-world factory settings, completing over 25 million operations for industry leaders in Japan and the United States, including Toyota, Denso, Bridgestone, Mitsui Fudosan, Sumitomo Bakelite, Pratt & Whitney, and Coherent.

“Eureka Robotics is at the forefront of the next wave of embodied AI and industrial automation, combining HA-HA robotics with advanced mechanics and data science,

“Their innovative solutions are revolutionizing manufacturing processes across industries, addressing the increasing complexity and critical nature of assembly line operations with efficiency and precision,” said B Capital General Partner, Karan Mohla.

“We’re excited to have the opportunity to partner with the Eureka team to drive their global expansion as they redefine the possibilities of industrial automation,” he added.

 

#RoboticsInnovation #IndustrialAutomation #EurekaRobotics #AIandManufacturing #StartupFunding

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