Numurus, a robotic solutions company and developer of NEPI, a commercial open-source software solution for robotic and smart sensing applications, has secured $2 million in funding led by Tokusui Corporation of America.
The startup says the funds will help it to establish its position in the rapidly growing robotics and smart sensing markets.
Combined with previous funding, this investment fortifies Numurus’ first-to-market entrance with its fully-developed NEPI software suite that focuses on edge artificial intelligence (Edge AI), sensor and data abstraction, and system interfacing.
In support of its efforts, Numurus has formed a board of directors to provide continued strategic vision and executive leadership as the company enters a rapid growth phase over the next year. The board members include Numurus CEO Jason Seawall, and Ryan Mackey and Jonathan Doran representing the current investment groups.
This investment also supports the expansion of Numurus’ product development and professional service divisions – central to the company’s commitment to delivering scalable Edge AI focused products and support to its customers.
As a strong demonstration of that commitment, Numurus recently hired industry veteran Shanif Merchant, chief product officer, to oversee NEPI product evolution and accelerate Numurus’ place as a leading solution provider in the 4th industrial revolution.
The new funding will also assist Numurus with increased market development efforts and more global customer reach.
Numurus CEO Jason Seawall says: “Numurus intends to become a ubiquitous underlying platform for robotic and smart sensor solutions by significantly reducing the development costs and time to market for new products in this industry, overcoming a major obstacle in market scalability of such solutions.
“Through Tokusui Corporation’s investment and support, we are well positioned to execute this vision.”
Ryan Mackey, Tokusui Corporation of America president, says: “After seeing first-hand how Industry 4.0 technologies such as AI, IoT, and robotics were rapidly changing Tokusui’s worldwide food processing businesses, Tokusui sees the broader impact these technologies will have across most industrial markets and believes that Numurus’ NEPI software suite will be a major driver of transformation in these industries.”
Prior to the Tokusui investment, Numurus secured funding from individual investors who had also invested in Seawall’s previous company BlueView Technologies, which was acquired by Teledyne Technologies in 2012.
