Eureka Robotics, The Company Behind the ‘IkeaBot,’ has been Awarded $4.25 Million

Eureka Robotics

Do you remember the IkeaBot? The robot became famous for its ability to construct Ikea furniture as well as (or better than) humans. The project’s team went on to found Eureka Robotics, which announced today that it has raised $4.25 million in a pre-Series A round led by The University of Tokyo Edge Capital Partners (UTEC), one of Asia’s biggest deep-tech investment firms, took part in the deal, as did Touchstone Partners from Vietnam and ATEQ, which had already invested in the company before.

The products of Eureka Robotics are based on research from Nanyang Technological University in Singapore and MIT. It focuses on robotic software and systems for automating jobs requiring high accuracy and agility (HAHA). Its robots are used for operations such as precise handling, assembling, inspection, drilling, and other duties.

High-Precision calibration on the Eureka Controller synchronizes the robot and camera’s reference frames with high accuracy, allowing sub-millimeter accuracy on vision-guided operations, while Force Control allows the robot to conduct With a gap of only 50 microns, assembly and insertion are tight. Meanwhile, its High Agility utilizes computer vision, which enables robots to detect and find items that are randomly placed. Once the robot has determined the location of an item, real-time motion planning assists it in moving towards it.

The Archimedes, which deployed technology initially developed for the Ikea Robot to a shop floor for the first time, is an example of how the Eureka Controller may be utilized. It is capable of handling lenses and mirrors of various sizes and placing them onto a tray to be coated. Dr. Pham Quang Cuong, the co-founder of Eureka, told TechCrunch that the Archimedes is presently servicing a US laser lens maker at a Singapore plant and that the business has received many follow-up orders for the robot.

The funds will be utilized to accelerate the development of the company’s main product, Eureka Controller, which enables manufacturers to implement HAHA tasks in System Integrators and factories. “While the basic technologies are established and have previously been implemented in production,” Eureka co-founder Dr. Pham said, “we aim to make those technologies incredibly simple to use for System Integrators.” Making complex technology accessible to non-programmer engineers is a challenging task.” A portion of the funds will be utilized to expand Eureka Robotics’ software engineering team as well as product teams working on the Eureka Controller.

Eureka Robotics also intends to grow its commercialization in Singapore and China, as well as other countries like Japan and Vietnam, with the assistance of UTEC and Touchstone. It now has offices in Singapore and France, as well as distribution partners in China, Japan, and the United States.

Read More: Digital Transformation Trends Your Startup Can’t Ignore

Stay Connected!