Eureka Robotics, an organization based by the staff behind the IkeaBot, introduced that it introduced in $4.25 million in pre-Sequence A funding.
The College of Edge Capital Companions (UTEC), a deep-tech funding agency, led the funding spherical. Touchstone Companions, a Vietnamese enterprise capital agency, and ATEQ, a participant within the firm’s seed funding spherical, additionally participated.
Eureka’s automation expertise builds on analysis from Nanyang Technical College in Singapore and MIT. The corporate seeks to automate duties that require excessive accuracy and excessive agility (HAHA), and its robots are in a position to detect and find objects with sub-millimeter accuracy.
The corporate’s flagship product is its Eureka Controller, which permits factories to make use of HAHA duties in System Integrators and factories. The controller is provided with its high-accuracy calibration and Power Management, which supplies it the power to carry out tight meeting and insertion, with clearance right down to 50 micron.
The functions for Eureka’s merchandise embrace dealing with for coating of high-power laser lenses, dealing with for cleansing and inspection of 5G telecom lenses, shaft and gap meeting for engine manufacturing and connector insertions.
Eureka plans to make use of the funding to speed up the event of its controller, partly by rising the corporate’s software program engineering staff and product staff.
The corporate additionally plans on increasing its commercialization capabilities in Singapore and China, and set up new places of work in Japan and Vietnam. Eureka at present has places of work in Singapore and France and distribution companions in China, Japan and the US.
Eureka spun off from Nanyang Technological College in 2018, and in 2019 the corporate launched its Archimedes robotic, which is used for optical lens manufacturing.