Singapore-based Eureka Robotics has raised US$10.5 million in Series A financing.
B Capital spearheaded the round. New investors Airbus Ventures, Maruka Corporation, and G. K. Goh Ventures participated along with existing investors UTEC and ATEQ.
Eureka Robotics was founded in 2018 to enable factories worldwide to automate dull, dirty, and dangerous tasks. The company leverages its proprietary technologies, which include high-accuracy calibration, computer vision, motion planning, and force control.
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Its flagship products are the Eureka Controller and the Eureka 3D Camera.
Eureka Controller offers a comprehensive solution for vision and robotics applications. Its capabilities include high-precision calibration and robust force control, allowing it to serve as a central hub for connecting and managing various industrial devices.
Meanwhile, the Eureka 3D Camera is engineered to equip robotic systems with efficient and cost-effective 3D vision capabilities. Its innovative, AI-driven, projector-free 3D reconstruction technology makes this possible.
By integrating these products, system integrators and manufacturers can deploy high-accuracy—high-agility (HA-HA) applications encompassing picking, object recognition, and inspection within factories and warehouses. This empowers robots to execute tasks with enhanced precision.
Its solutions are commonly used in AI-based inspection, precision handling, 3D picking, assembly, and dispensing. To date, it claims to have executed over 25 million HA-HA operations in factories around the globe.
The company will use the Series A funding to propel the development and implementation of the Eureka Controller and Eureka 3D Camera.
Beyond product development, the funding will fuel Eureka Robotics’s expansion strategies. The company aims to solidify its presence in existing markets like Singapore and Japan while making a full-fledged entry into the US market, where it has already secured initial customers.
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In Japan, Eureka intends to extend its operational reach to other key Japanese cities, such as Nagoya and Osaka.
The firm also has an office in Vietnam.
Its client roster includes esteemed names like Toyota, Denso, Bridgestone, Mitsui Fudosan, Sumitomo Bakelite, Pratt & Whitney, and Coherent.
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