Singapore Robotics Firm Raises $10.5m Series A

Singapore-based robotics startup Eureka Robotics has completed a US$10.5 million series A funding round.

B Capital led the round, with Airbus Ventures, Maruka Corporation, G. K. Goh Ventures, UTEC, and ATEQ also participating.

The newly raised funds will be used to enhance its main products: the Eureka Controller and Eureka 3D Camera.

The company plans to boost its presence in markets such as Singapore and Japan while also expanding into the United States.

Recent Robotics Developments

Timeline

05-Nov-2024 🤖 Robotics startup secures $400m from Bezos, OpenAI

• Physical Intelligence secures $400M funding.

• Valuation rises to $2.4B with Bezos, OpenAI backing.

05-Jun-2024 🤖 Robotics firm by NTU graduates raises $5.2m to bolster software offering

• Botsync focuses on software for automation systems.

• Secured $5.2M to enhance SyncOS and expand markets.

21-Dec-2023 🤖 Robotics firm GreyOrange bags $135m in series D funds

• 75% of firms to adopt automation by 2027

• GreyOrange raises $135M for global expansion efforts

15-Feb-2021 🤖 Robotics cafe startup Ratio nets $10m in series A round led by Frasers Property

• Ratio raises $10M for robotic cafes expansion

• Plans to boost engineering teams and R&D capabilities

01-Jul-2020 🤖 Robotics startup Botsync raises seed funding to automate supply chains

• Botsync secures seed funding to expand robot tech

• Focus on logistics and manufacturing to reduce costs

04-Oct-2019 🤖 Robotics startup Geek+ is leading China’s push into smart logistics

• Geek+ leads China’s logistics robot market

• New factory aims for 10,000 robots annually

Source: www.techinasia.com