Airbus Ventures Backs Eureka Robotics for Expansion and Growth
Airbus Ventures Invests in Eureka Robotics
In a significant move to advance automation technology, Airbus Ventures has announced its investment in Eureka Robotics, a company based in Singapore. This investment is a strategic step towards enhancing the development and deployment of Eureka's innovative products, including the Eureka Controller and Eureka 3D Camera. These state-of-the-art tools empower system integrators and manufacturers to implement High Accuracy-High Agility (HA-HA) applications seamlessly in industrial environments like factories and warehouses.
Driving the Next Wave of Automation
With this funding, Eureka Robotics aims to scale its operations particularly in the thriving markets of Singapore and Japan. Moreover, the company has set its sights on expanding into the United States, where it has already secured initial customers and is poised for a wider market launch. The investment from Airbus Ventures will provide Eureka with the resources necessary to accelerate its growth trajectory.
Mission of Eureka Robotics
Founded in 2018, Eureka Robotics has the noble mission of transforming factory operations by automating tasks that are typically dull, dirty, or dangerous. Dr. Pham Quang Cuong, CEO and Co-founder of the company, emphasizes that this investment is crucial for expanding their outreach and technological capabilities. He states, “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.” This growth will enable Eureka to enhance its focus on innovative solutions that benefit society.
Leveraging Cutting-edge Research
Eureka Robotics leverages cutting-edge research in robotics and artificial intelligence from institutions such as NTU Singapore, MIT, and the University of Tokyo. By harnessing this research, the company delivers robotic software and systems designed for tasks that necessitate High Accuracy and High Agility. These applications include AI-based inspection, precision handling, 3D picking, assembly, and dispensing, showcasing the versatility and capability of their technology.
The Expertise Behind the Technology
Yuichiro Hikosaka, Principal at Airbus Ventures, commented on the impressive technology developed by Eureka. He stated, “Eureka’s technology excels in achieving micron-level accuracy to harness the full potential of hardware.” This emphasis on precision is complemented by the team's profound expertise in calibration, motion planning, and force control, which has resulted in millions of successful operations across various commercial environments.
Global Presence and Customer Base
Eureka Robotics has established a strong footprint in robotics with over 25 million HA-HA operations performed globally in factories. Their proprietary technologies in High Accuracy Calibration, Computer Vision, Motion Planning, and Force Control have proven essential in meeting the demands of their diverse customer base. From leading names in Japan such as Toyota, Denso, and Bridgestone to prominent companies like Pratt & Whitney and Coherent, Eureka has cultivated invaluable relationships that drive mutual growth.
Frequently Asked Questions
What is the purpose of Airbus Ventures' investment in Eureka Robotics?
The investment aims to accelerate the development and distribution of Eureka's automation products in various markets, including a strategic push into the US.
What products are highlighted in the investment announcement?
The main products include the Eureka Controller and the Eureka 3D Camera, which enable High Accuracy-High Agility applications.
When was Eureka Robotics founded?
Eureka Robotics was founded in 2018 with a mission to automate tasks in factories worldwide.
What fields does Eureka Robotics specialize in?
They specialize in robotics and AI, focusing on high-precision applications like AI-based inspection and assembly tasks.
Who are some of Eureka's notable clients?
The company's clients include industry leaders such as Toyota, Bridgestone, and Pratt & Whitney, showcasing their extensive industrial deployment experience.
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