Mon. Dec 11th, 2023
    Augmentus Secures $5M in Funding to Revolutionize Industrial Robotics Programming

    Singapore-based robotics software company, Augmentus, has successfully raised $5 million in Series-A funding. Led by Sierra Ventures and Cocoon Capital, the funding round will enable Augmentus to scale its operations globally and meet the increasing demand for its innovative programming solution.

    Traditional industrial robot programming is often fragmented and costly, requiring extensive training and expertise in proprietary programming languages. As a result, software and programming account for approximately 75% of lifetime costs in this industry. Augmentus aims to disrupt the market by offering intelligent, no-code solutions for computer vision and robot motion planning.

    Augmentus’ proprietary technology acts as the “eyes and brains” of industrial robots. Using 3D cameras to gather spatial data, the system then processes this information with AI algorithms to recommend the most efficient robot path, even for complex components. This streamlined approach reduces programming time from weeks to just minutes and slashes costs by over 70%.

    The $5 million investment will support Augmentus’ plans to expand operations in the United States, Europe, and Asia. The company already boasts an impressive client base that includes over 30 manufacturers worldwide, ranging from Fortune 500 companies to small and medium-sized enterprises. Augmentus also collaborates with major robot OEMs such as ABB, Kawasaki, and Kuka.

    In addition to scaling operations, Augmentus intends to intensify its research efforts and engage system integrators and channel partners through its Augmentus System Partner (ASP) program. By onboarding partners who specialize in high-mix and complex manufacturing, Augmentus aims to further penetrate the market and offer tailored solutions to various industries.

    The successful funding round highlights the potential of Augmentus’ vision for a future where robots can adapt to any manufacturing process with minimal downtime and expertise required. Industry leaders, including Ben Yu from Sierra Ventures, recognize the importance of augmenting traditional robotics programming with precise 3D scanning, no-code micro-adjustability, and automated code generation.

    With its commitment to reducing production costs and democratizing robotics across industries of all sizes, Augmentus has garnered support from investors such as Cocoon Capital. Their rapid product-market fit and engagement with global players underscore Augmentus’ potential to reshape the industrial robotics landscape.

    Frequently Asked Questions (FAQ)

    1. What does Augmentus do?

    Augmentus is a robotics software company that pioneers intelligent computer vision and AI robot motion planning systems. Their no-code approach revolutionizes industrial robot programming, making it more efficient and cost-effective.

    2. How does Augmentus reduce programming time and costs?

    Augmentus uses 3D cameras to gather spatial data, which is processed by its AI model. The system recommends the optimal robot path, even for complex parts. This significantly reduces programming time from weeks to minutes and cuts costs by over 70%.

    3. What major robotics companies does Augmentus collaborate with?

    Augmentus partners with major robot original equipment manufacturers (OEMs) such as ABB, Kawasaki, and Kuka. Their software platform is compatible with over ten major robot OEMs, enabling seamless integration with existing robotic systems.

    4. How will the funding be used?

    The $5 million funding will be used to scale Augmentus’ operations in the United States, Europe, and Asia. Additionally, a portion of the investment will be allocated to intensify research and onboard system integrators and channel partners through the Augmentus System Partner (ASP) program.