Eureka automated the lens coating process with precise loading, unloading, and flipping systems. | Source: Eureka Robotics
Eureka Robotics last week said it has raised $10.5 million in Series A funding. The Singapore-based startup said this latest round positions it to accelerate the development and deployment of its main products, the Eureka Controller and Eureka 3D Camera.
The Eureka Controller is a comprehensive system for vision and robotics applications. The company said it enables high-precision calibration and robust force control. It also acts as a central hub for connecting and controlling a wide range of industrial devices.
On the other hand, Eureka Robotics said it designed the Eureka 3D Camera to add efficient and cost-effective 3D vision capabilities to robotic systems. It uses AI-based, projector-free 3D reconstruction technology.
The company said these products enable systems integrators and manufacturers to deploy high-accuracy, high-agility (HA-HA) applications. These include picking, object recognition, and inspection in factories and warehouses, allowing robots to perform tasks with greater precision.
Eureka aims to bring its technology to the U.S.
Empowered by robotics and AI research from NTU Singapore, MIT, and the University of Tokyo, Eureka Robotics said the funding will help it grow operations in Singapore and Japan. It also plans to use the round to fully enter the U.S. market, where it has acquired initial customers.
Eureka co-founders Dr. Pham Quang Cuong (left) and Dr. Hung Pham. Source: Eureka Robotics
With the funds obtained in its previous pre-Series A round led by UTEC, Eureka established a branch office in Tokyo and gained traction in the Japanese market. With additional funding, Eureka plans to expand operations into new major Japanese cities, such as Nagoya and Osaka.
Eureka claimed that its proprietary HA-HA technology bridges the gap between AI and physical manufacturing, combining high-agility intelligence with high-accuracy spatial precision. This technology enables robots to handle complex tasks, such as autonomously assembling car engines, with both adaptability and micron-level precision, the company said.
Real-world factory settings have implemented Eureka’s systems, completing over 25 million operations for industry leaders, including Toyota, DENSO, Bridgestone, Mitsui Fudosan, and Sumitomo Bakelite in Japan, as well as Pratt & Whitney, Coherent, and Excelitas in the U.S.
Global investors support automation startup
“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,” stated Dr. Pham Quang Cuong, co-founder and CEO. “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.”
B Capital, a global multi-stage investment firm, led the round. New investors included Airbus Ventures, an independent, deep-tech venture capital firm; Maruka Corp., a publicly-listed Japanese trading company specializing in machinery; and G. K. Goh Ventures, a Singapore-based early-stage investment firm.
Eureka’s Series A also included returning investors UTEC, one of Asia’s largest deep-tech investment firms, and ATEQ, a manufacturing company in leak testing.
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