Augmentus, a Singapore-based no-code robotics software company, raised $5 million in Series A funding.
The round was led by Sierra Ventures, with participation from Cocoon Capital.
Sierra Ventures is an early-stage Silicon Valley-based venture capital firm focused on Enterprise and Next-Gen Technologies. The firm seeks to invest in artificial intelligence, machine learning, big data, cloud, financial technology, education technology, health technology, commerce, internet of things, marketplaces, SaaS and enterprise apps, security, and technologies such as 5G, devices, blockchain, robotics & devices, and virtual reality/augmented reality.
Augmentus Use of Funds
The funds will be used to scale operations globally and meet increasing customer demand in various industries.
Augmentus is a no-code AI robotics software designed to offer easy-to-use and rapid robotic automation. Its proprietary technologies enable easy-to-use and rapid digitization of the work environment, automated robot path generation, and an intuitive graphical interface that eliminates the need for coding and CAD files in robot teaching. Augmentus aims to disrupt the industrial robotics software market by offering a platform that serves as the eyes and brains of industrial robots, reducing programming time and costs significantly.
Company: Augmentus Pte. Ltd.
Round: Series A
Funding Month: November 2023
Lead Investors: Sierra Ventures
Additional Investors: Cocoon Capital
Company Website: https://www.augmentus.tech/
Software Category: No-code Robotics Software