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Augmentus raises $11 million to scale physical AI for complex robotic surface finishing and welding

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Augmentus, the developer of an intelligent no-code robotics solution, has raised $11 million (SGD $14 million) in a Series A+ funding round.

The funds will be used to accelerate regional deployment of its fully autonomous robotic surface finishing and welding systems, fulfill demand from marquee manufacturing customers, and advance R&D into hyper-adaptive, AI-driven robotic systems built for the factory floor.

The round was led by Woori VP, with participation from new investor EDBI, alongside returning backers Sierra Ventures and Cocoon Capital. [Read more…] about Augmentus raises $11 million to scale physical AI for complex robotic surface finishing and welding

Augmentus opens robotics centre in Texas

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Augmentus, a developer of AI robotic solutions for surface finishing and welding, is opening its their first “experience centre” in the United States as part of its strategic market expansion plans.

Located in Texas, the centre aims to bolster the company’s presence in one of the nation’s leading regions for metal fabrication and manufacturing.

Founded in 2019, Augmentus has pioneered the transformation of industrial robot programming. [Read more…] about Augmentus opens robotics centre in Texas

Augmentus raises $5 million to expand ‘no-code robotics’ offering

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Augmentus, a developer of “no-code” robotics software, has successfully raised $5 million in Series A funding. The round was led by Sierra Ventures, along with Cocoon Capital.

Conventional robot programming is fragmented and costly, requiring extensive training and expertise due to proprietary programming languages. This results in 75 percent of lifetime costs being attributed to software and programming.

The industrial robotics software market is expected to reach $47 billion by 2030, growing at a compound annual growth rate of 27 percent. Augmentus aims to disrupt this market. [Read more…] about Augmentus raises $5 million to expand ‘no-code robotics’ offering

Augmentus Secures $5 million Series A Funding to Automate High-Mix and Complex Manufacturing with No-Code Robotics

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Augmentus pioneers intelligent, no-code computer vision and robot motion planning, enabling industrial robot programming in minutes instead of days

Augmentus, the global leader in intelligent and no-code robotics software solutions, today announced the successful completion of a USD 5 million Series A funding round. The round was led by Silicon Valley-based venture capital firm Sierra Ventures, along with existing seed investor Cocoon Capital.

Conventional robot programming is both highly fragmented and costly. Robot manufacturers use proprietary programming languages, which require customers to undergo extensive training and expertise to operate their robots, resulting in 75% of lifetime costs being attributed to software and programming.

The industrial robotics software market is projected to reach USD 47 billion by 2030, growing at a CAGR of 27%. Augmentus’ no-code, vision-based robotics system is poised to disrupt this market. [Read more…] about Augmentus Secures $5 million Series A Funding to Automate High-Mix and Complex Manufacturing with No-Code Robotics

Augmentus expands US presence to meet growing demand for easy Scan and Plan robot programming

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Augmentus will be exhibiting at the Rockwell Automation Fair in Chicago on 16-17 November 2022 as part of its ongoing partnership with Rockwell Automation.

Conventional robot programming is highly difficult and heavily fragmented with the use of proprietary programming languages and extensive training being the industry norm.

As a result, 70 percent of the lifetime costs of robot ownership are software and programming related, and a compounding cost is involved in automating high-mix production environments. [Read more…] about Augmentus expands US presence to meet growing demand for easy Scan and Plan robot programming