Augmentus, the no-code AI robotics programming platform based in Singapore, is looking at bringing advanced robotics to everyone after raising an undisclosed amount in its Seed funding round.
The funding round was led by Singapore-based early-stage venture capital firm Cocoon Capital, according to the announcement.
Found in 2019, Augmentus allows companies to deploy complex industrial robots with high accuracy in a matter of minutes instead of weeks.
Its proprietary technology incorporates an easy-to-use graphical interface that eliminates the need for coding and CAD files enabling up to 17 times faster programming and integration across various industrial applications.
The company said it is already working with 15 manufacturers to deploy its software for applications ranging from harvesting and plant inspections in urban farms to advanced spraying and welding in automotive production.
Augmentus also provides an integrated artificial intelligence module that allows users to train the software to identify and classify objects, such as car parts or strawberries.
The fresh funds will support the official debut of the startup’s robotics platform, which aims to streamline the $20bn robotics software market. In addition, Augmentus plans to hire new talent in software development, business development and partnerships to support the growing demand for its solution across the world in the coming months.
“With the growing adoption of industrial robots in industries such as manufacturing, automotive, and farming, Augmentus is on a mission to bring greater efficiency to the industry by lowering the time, cost, and skill barriers. Ultimately, we want to make robotics accessible to everyone to use in any application imaginable”, said Leong Yong Shin, the company’s co-founder and CEO.
The firm has already with major global robot manufacturers, including ABB, Universal Robots, TM Robots, Kuka, Nachi, and Mitsubishi Electric, to support over 60% of the industrial robots in the market. The team has also developed a method to help onboard new robot models quickly.
A recent report by consulting company McKinsey & Company stated that one of the keys to unlocking further growth in robotics is “making factories less dependent on expert suppliers and engineering departments”.