Micropsi Raises $30M to Scale Automation through Motion-Trained Robots
February 10, 2022
Germany-based Micropsi Industries has announced raising $30 million in a Series B funding round. The company develops ready-to-use artificial intelligence systems that can control industrial robots to help automate manufacturing processes that could previously not be automated.
Through the use of cameras and sensors that react in real time to workspace conditions, Micropsi-powered robots can be trained by humans to perform hand-eye coordinated actions. The MIRAI software does not create programs, but rather skills that are collected intuitions of human movement that MIRAI then intelligently transfers to robots.
The company said it has deployed its MIRAI software in assembly, material handling and quality control applications across several industries, with companies such as Siemens Energy, ZF Group, and BSH, which manufactures home appliances in Europe.
The investment round was led by Metaplanet, VSquared and Ahren Innovation Capital, with existing investors Project A Ventures and M Ventures also participating.
“Our technology makes it easy to transfer dynamic motion know-how from humans to robots,” said Ronnie Vuine, CEO and co-founder of Micropsi. “We have not optimized the textbook approach for specific applications, but took a radically different approach inspired by how humans coordinate motions. MIRAI is a proven and independent technology that’s working 24/7 in the factories of our customers. That is what convinced our investors – here is a company that can already verifiably do what many current startups only promise to develop.”
Micropsi said the new funding will be used to expand operations in the U.S., ramp up sales efforts and expand to more robot platforms. The company also recently hired Dominik Bösl as managing director to be in charge of its technology roadmap.
“Intelligent robot automation could tap into a currently locked productivity pool,” said Rauno Milijand, managing partner at Metaplanet. “The end-to-end learning solution built by Micropsi is one of the most advanced systems in the market, and is well-positioned to unlock potential in a wide array of industrial settings. The ease of use and the fast learning cycle make it one of the most scalable platforms in the industry.”
For more details on the company and its technologies, visit the Micropsi Industries website here.
