Singapore-based Eureka Robotics has announced it has raised a $10.5 million Series A round led by B Capital. New investors Airbus Ventures, Maruka Corporation, and G. K. Goh Ventures participated, as did returning investors UTEC and ATEQ.
The funding round positions the company to accelerate the development and deployment of its main products, the Eureka Controller and Eureka 3D Camera. The Eureka Controller is a comprehensive solution for vision and robotics applications. It enables high-precision calibration and force control and is a central hub for connecting and controlling a wide range of industrial devices.
Eureka 3D Camera, designed to add efficient and cost-effective 3D vision capabilities to robotic systems, uses AI-based, projector-free 3D reconstruction technology. These products enable System Integrators and Manufacturers to deploy High Accuracy – High Agility (HA-HA) applications, including picking, object recognition, and inspection in factories and warehouses, enabling robots to perform tasks more precisely.
This funding will also help scale the company’s operations in Singapore and Japan’s existing markets and enable Eureka to enter the US market fully, where the company has already acquired initial customers. Using the funds obtained in the previous Pre-Series A round led by UTEC, Eureka established a branch office in Tokyo and gained significant traction in the Japanese market. With the additional funding, Eureka plans to expand operations into new major Japanese cities, such as Nagoya and Osaka.
Eureka’s proprietary HA-HA (High Accuracy – High Agility) technology combines high-agility intelligence with high-accuracy spatial precision. And this innovation enables robots to handle complex tasks like autonomously assembling car engines, with both adaptability and micron-level precision. Eureka successfully 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.
KEY QUOTES:
“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.”
- 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 revolutionizing 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.”
- B Capital General Partner, Karan Mohla
