Augmentus pioneers clever, no-code pc imaginative and prescient and robotic movement planning, enabling industrial robotic programming in minutes
Augmentus, a pacesetter in no-code robotics software program, has efficiently raised USD 5M in Collection-A funding. The spherical was led by Sierra Ventures, together with Cocoon Capital.
Typical robotic programming is fragmented and expensive, requiring intensive coaching and experience because of proprietary programming languages. This leads to 75% of lifetime prices being attributed to software program and programming.
The economic robotics software program market is predicted to achieve USD 47B by 2030, rising at a CAGR of 27%. Augmentus goals to disrupt this market. Their proprietary know-how serves because the eyes and brains of any industrial robots. 3D cameras collect spatial information, which is processed by its AI mannequin to recommend the most effective path for the robotic, even advanced components. This reduces time from 4 weeks to fifteen minutes and cuts prices by over 70%.
The funds will likely be used to scale operations within the US, Europe, and Asia, assembly rising buyer demand of varied industries and sizes.
Augmentus has equipped to greater than 30 producers worldwide, together with Fortune 500 corporations. The platform is appropriate with over ten main robotic OEMs, together with ABB, Kawasaki, and Kuka.
As a part of its enlargement plans, Augmentus will leverage its Augmentus System Companion (ASP) program to onboard system integrators and channel companions, specializing in high-mix and sophisticated manufacturing. A portion of the funding may even be allotted to accentuate analysis.
Leong Yong Shin, Co-Founder and CEO of Augmentus states, “We’re excited to faucet into Sierra Ventures’ experience and community to execute our industrial plans and improve our product. We’re additionally thrilled to obtain Cocoon Capital’s continued assist for our imaginative and prescient. This funding highlights the potential future the place robots can adapt to any half and course of with no downtime and experience required.”
“With the continual development of business robotics and the rising deployment of robots in manufacturing, there’s a urgent want for a extra environment friendly and scalable programming answer,” mentioned Ben Yu, Managing Companion at Sierra Ventures. “Augmentus’ integration of exact 3D scanning, no-code micro-adjustability, and automatic code era is the answer to this problem.”
Will Klippgen, Managing Companion at Cocoon Capital added: “We have now been impressed by how briskly they reached product-market match and engaged with a number of the largest gamers around the globe just a few months after launch. We’re proud to again a staff that’s so dedicated to bringing down the price of manufacturing by making robotics out there to companies no matter measurement and trade.”
About:
Augmentus (augmentus.tech) pioneers clever pc imaginative and prescient and AI robotic movement planning methods, enabling actually autonomous manufacturing in high-mix, advanced purposes.
Sierra Ventures (sierraventures.com) is an early-stage Silicon Valley-based enterprise capital agency targeted on Enterprise and Subsequent-Gen Applied sciences.
Cocoon Capital (cocooncap.com) is a Singapore-based enterprise capital agency specializing in early-stage, enterprise tech corporations throughout Southeast Asia.