Editor’s Note: Robotics Business Review‘s coverage emphasizes innovation, including start-up companies (or ‘young’ companies). RBR “Start-Up Profiles” highlight individual start-up companies using a consistent, templated format that makes for quick, yet informed reading, that also simplifies comparative analysis.
Eureka Robotics – Company Profile
|Country:||Singapore||# of Employees:||11-50|
Founder – Quang Cuong Pham (CEO), Hung Pham (CTO)
Funding Status – Looking to raise a next round beginning 2022.
Eureka Robotics’ software and hardware make it possible to address High Accuracy – High Agility (HAHA) tasks using robots.
Eureka Robotics – Offerings Profile
Primary Target Markets – The manufacturing sector, especially for cleaning, inspection and fine assembly applications for producers of photonics, optics and electronics products.
Technology / Product / Service(s) – Eureka Robotics’ software and hardware make it possible to address High Accuracy – High Agility (HAHA) tasks using robots. Eureka’s proprietary technology gives industrial robots highly delicate sense of touch, vision, and motion, which is key to achieving High Accuracy – High Agility automation.
Mimicking human’s eyes and hands, Eureka’s software enables robots to detect and locate objects with sub-millimeter accuracy.The software plans and executes optimal trajectories in real-time. This allows robots to delicately manipulate objects with tens of microns accuracy.
Value Proposition – There currently exists many automation solutions suitable for high accuracy tasks. To illustrate, many robots used for in car manufacturing are very precise, repeating the same motion for thousands of cars.
There are are also automation solutions for optimized for high agility. Materials handling robots used in warehouses, for example, can often grasp and manipulate items of different sizes for tasks that do not demand high levels of accuracy.tasks low accuracy.
At this time, tasks that require both high levels of both accuracy and agility are still accomplished manually. Unfortunately, manual handling is labor-intensive and not scalable. Eureka Robotics’ solutions are designed to automate tasks that require both high accuracy and high agility, a major challenge for all precision industries, from optics, to electronics, to aerospace companies.
Demand Drivers – Demand drivers for Eureka Robotics solutions include:
- Automation Imperative – Companies are placing greater emphasis robotics automation as a way to reduce costs, increase quality and improve productivity. The demand in automation has only further increased with the onset of the COVID-19 pandemic.
- New Automation Opportunities – Eureka Robotics can automate tasks that were impossible to automate previosly. Before Eureka Robotics, tasks that require both High Accuracy and High Agility were accomplished manually.
Eureka Robotics work with distributors, robot manufacturers and system integrators to sell and integrate their software and solutions to specific industries and geographies.
Eureka Robotics – Business Model(s) and Competition
Business Model – Eureka Robotics’ business model is a hybrid. When the company enters a new industry and new market, they employ a direct sales model. Eventually, Eureka scales their business leveraging channel partners to distribute their software and solutions.
Partners – Eureka Robotics work with distributors, robot manufacturers and system integrators to sell and integrate their software and solutions to specific industries and geographies.
Customers – Eureka’s customers include optics manufacturers (USA, Singapore, China) and major robot manufacturers (Japan).
Competitive Landscape – Eureka Robotics competitors include providers of high agility pick & place robots supporting logistics companies. Traditional system integrators providing high accuracy robotics solutions are also competitors (but they are also Eureka partners and customers). The company contends that they have no direct competitors that provide high accuracy – high agility systems.