Jenina Ibañez · · 1 min readSingapore robotics firm scores $4.25m in pre-seed round
Singapore-based Eureka Robotics raised new funds in a pre-series A round led by the University of Tokyo Edge Capital Partners, a deep-tech investment firm.
The automation startup bagged a total of US$4.25 million during the round, TechCrunch reported. Touchstone Partners and ATEQ also invested.
Company founders Hung Pham (left) and Phạm Quang Cường / Photo credit: Eureka Robotics
Eureka develops robotics technology to automate tasks in electronics, automotive, 5G telecom, and other industries. The firm is known for its IkeaBot machines that can assemble furniture from the Swedish home goods conglomerate.
The startup was spun off from Nanyang Technological University in 2018. A year later, Eureka launched Archimedes, a robot used for optical lens manufacturing.
The company plans to use the fresh funds to speed up the development and commercialization of its Eureka Controller, a product used for tasks in factories that require high accuracy and agility.
Eureka also intends to open new offices in Japan and Vietnam while strengthening its presence in Singapore and France.
See also: 50 rising startups in Singapore
Editing by Miguel Cordon and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
