Eureka Robotics, the group behind the ‘IkeaBot’, picks up $4.25M

Keep in mind the IkeaBot? The robotic went viral for its skill to construct Ikea furnishings as effectively (or higher) than people can. The group behind the challenge went on to discovered Eureka Robotics, which introduced at this time that it has raised a pre-Collection A spherical of $4.25 million, led by The College of Tokyo Edge Capital Companions (UTEC), one of Asia’s largest deep-tech investment firms, with participation from Vietnam’s Touchstone Companions and returning investor ATEQ.

Eureka Robotics’ merchandise are based mostly on analysis from Nanyang Technological College in Singapore and MIT. It focuses on robotic software program and programs to automate duties that require Excessive Accuracy and Excessive Agility (HAHA). Its robots are used for precision dealing with, meeting, inspection, drilling and different duties.

The Eureka Controller’s Excessive-Accuracy calibration synchronizes the reference frames of the robotic and digital camera with excessive accuracy, enabling submillimeter accuracy on vision-guided duties, whereas Power Management provides the robotic the flexibility to carry out tight meeting and insertion, with clearance right down to 50 micron. In the meantime, its Excessive Agility entails pc imaginative and prescient that enables robots to acknowledge and find randomly positioned objects. As soon as the robotic finds the place of an object, real-time movement planning helps it transfer towards it.

An instance of how the Eureka Controller can be utilized is the Archimedes, which deployed applied sciences initially developed for the Ikea Robotic to a store ground for the primary time. It’s able to dealing with multiple-sized lenses and mirrors and loading these delicate objects onto a tray so as to be coated. Eureka co-founder Dr. Pham Quang Cuong informed TechCrunch that the Archimedes is at the moment working in a manufacturing facility in Singapore, serving a U.S. laser lens producer, and that the corporate has acquired a number of follow-up orders of the robotic.

The funding can be used on accelerating growth of Eureka Controller, the corporate’s flagship product, which permits factories to deploy HAHA duties in System Integrators and factories. Eureka co-founder Dr. Pham mentioned that “whereas the core applied sciences are mature and have already been deployed in manufacturing, we wish to make these applied sciences very easy to make use of by System Integrators. Making superior applied sciences straightforward to make use of by non-programmer engineers is definitely tough.” A part of the funding can be used to develop Eureka Robotics’ software program engineering group and product groups to work on the Eureka Controller.

Eureka Robotics additionally plans to develop its commercialization in Singapore and China, and new markets like Japan and Vietnam, with the assistance of UTEC and Touchstone, respectively. It at the moment has workplaces in Singapore and France and distribution companions in China, Japan and the U.S.

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