Eureka Robotics, a Singapore-based robotics startup has raised a pre-Series A funding of $4.25 million. The investment round was led by The University of Tokyo Edge Capital Partners (UTEC), which is one of the largest deep tech investment firms in Asia. Also, the round saw participation from Vietnam’s Touchstone Partners and Eureka’s seed round investor ATEQ.
Expansion plans
Eureka Robotics intends to use the funds to accelerate the development of its flagship project – Eureka Controller. Besides this, the startup will expand its commercialisation in China and Singapore and in new markets with the backing of its investors – Japan via UTEC, Vietnam via Touchstone and the US. As a part of the investment round, the company will hire across multiple teams, including product, engineering and sales in several locations.
“Eureka Robotics is a poster child for a truly global and collaborative deep-tech innovation with roots in Singapore and Vietnam, catering to marquee clients in Japan, China, Europe, and the United States. Eureka’s artificial intelligence (AI)-powered robotic controllers automate tasks that require ‘High Accuracy-High Agility,’ often regarded as the holy grail of industrial robotics. We, at UTEC, are privileged to back the Eureka Robotics team, and support their journey in tackling labor shortage while unlocking exponential productivity gains,” said Kiran Mysore, Principal at UTEC.”
“We made Eureka Controller extremely easy to use, and it’s not even necessary to know how to write code to use it. Basically, system integrators can use Eureka Controller’s graphical interface to develop high-performance HAHA solutions for the end customer. This simplicity will allow more and more people to use it, and it will help thousands of manufacturing companies out there,” said Eureka Robotics’ Co-Founder Pham Quang Cuong.
Brainchild of IkeaBot’s team
Founded by the team behind IkeaBot (the robot known to build Ikea furniture) – Phạm Quang Cường and Hung Pham in 2018, Eureka Robotics is revolutionising the field of robotics. Its products are based on research from Nanyang Technological University in Singapore and MIT.
It delivers robotic software and systems to automate tasks that require high accuracy and high agility. It touts to help clients globally, achieve vastly improved productivity, lower costs, better safety. Common uses include precision-handling, assembly, inspection, drilling, and many other domains.
Headquartered in Singapore, the company has offices in Singapore and France and distribution partners in China, Japan, and the USA.
What is Eureka Controller?
The Eureka Controller enables system integrators and manufacturers to deploy high accuracy-high agility tasks in factories. Its high-accuracy calibration synchronises the reference frames of the robot and camera with high accuracy, thereby enabling submillimeter accuracy on vision-guided tasks. On the other hand, Force Control gives the robot the ability to perform tight assembly and insertion with up to 50 micron clearance.
It involves computer vision that allows robots to recognise and locate randomly placed objects. Once the robot finds the position of an object, real-time motion planning helps it move toward it.
