Eureka raises $10.5m for precision manufacturing
- December 17, 2024
- William Payne
Singapore-based start-up Eureka Robotics has raised $10.5 million to accelerate development of physical AI for precision manufacturing and logistics. The funds will advance development and deployment of its Eureka Controller and Eureka 3D Camera products. It will also support scaling operations in Singapore and Japan, and enable full entry in the US market.
The Series A round was led by B Capital, with participation from new investors Airbus Ventures, Maruka Corporation, GK Goh Ventures, and existing investors UTEC and ATEQ.
Eureka Controller is a solution for vision and robotics applications. It enables high-precision calibration and force control. It acts as a central hub for connecting and controlling a wide range of industrial devices.
Eureka 3D Camera is designed to add cost-effective 3D vision capabilities to robotic systems using AI-based projector-free 3D reconstruction technology.
These products enable integrators and manufacturers to deploy High Accuracy – High Agility (“HA-HA”) applications. These include picking, object recognition, inspection in factories and warehouses, allowing robots to perform tasks with greater precision.
The funding will also help scale the company’s operations in existing markets of Singapore and Japan, as well as enable Eureka to fully enter the US market, where the company has already acquired initial customers.
Using the funds obtained in the previous Pre-Series A round led by UTEC, Eureka had established a branch office in Tokyo and gained significant traction in the Japan market. With additional funding, Eureka plans to expand operations into new major Japanese cities, such as Nagoya and Osaka.
Eureka’s HA-HA (High Accuracy – High Agility) technology bridges the gap between AI and physical manufacturing, combining high-agility intelligence with high-accuracy spatial precision. This enables robots to handle complex tasks, such as autonomously assembling car engines, with both adaptability and micron-level precision.
Eureka has implemented this technology in real-world factory settings, completing over 25 million operations for industry leaders in Japan and the United States, including Toyota, Denso, Bridgestone, Mitsui Fudosan, Sumitomo Bakelite, Pratt & Whitney, and Coherent.
“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. 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,” said Co-founder & CEO Dr. Pham Quang Cuong.
“Eureka Robotics is at the forefront of the next wave of embodied AI and industrial automation, combining High Precision – High Agility robotics with advanced mechanics and data science. Their innovative solutions are revolutionising manufacturing processes across industries, addressing the increasing complexity and critical nature of assembly line operations with efficiency and precision. We’re excited to have the opportunity to partner with the Eureka team to drive their global expansion as they redefine the possibilities of industrial automation,” said B Capital General Partner, Karan Mohla.