Micropsi Industries has announced the successful closing of its $30M Series B funding round. The company provides ready-to-use AI systems for controlling industrial robots to enable the automation of manufacturing processes that so far could not be automated.
By using cameras and sensors to react in real-time to dynamic conditions in a workspace, Micropsi-powered robots can be trained by humans to perform hand-eye-coordinated actions in industrial environments. MIRAI is successfully deployed in assembly, material handling and quality control applications in a wide range of industries. Companies like Siemens Energy; ZF Group, one of the largest automotive suppliers in the world, and BSH, the largest manufacturer of home appliances in Europe, are already using MIRAI in their production halls.
MIRAI Takes A Different Approach
“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.”
Industrial robots can compensate for labor shortages and secure supply chains. The manufacturing skills gap in the U.S for example could result in 2.1 million unfilled jobs by 2030. Before factories can put robots into service, however, a lot of preparatory work is necessary, with specialists developing software code line by line to trigger the individual movements of the machines. This is complex, expensive, and makes robots inflexible, as variance in positions or materials throw the robots off.
Micropsi’s MIRAI changes this. Using artificial intelligence (AI), workers are able to train the machines through demonstration. A human guides the robot arm through the work task, which then learns and carries out the movements autonomously. In doing so, it is able to handle variance and changes in the environment and the robot’s target at execution time. This expands the commercial potential of industrial robots, as it allows them to handle complexity and keeps them flexible even as conditions change.
MIRAI augments industrial robots. Once configured with MIRAI, a robot arm can perceive its workspace through cameras and continuously adjust its movements as it performs a task. MIRAI skills are not programs, they are collected intuitions of human movement that MIRAI then intelligently transfers to robots.
New Funding To Expand Operations
The new funding is going to be used to expand operations in the US, ramp up sales efforts and expand to more robot platforms. Micropsi Industries has recently hired robotics expert Prof. Dominik Bösl as managing director to be in charge of the company’s ambitious technology roadmap. Prof. Bösl previously held positions at Festo, Kuka, and Microsoft.
Robots with MIRAI often achieve a return-on-investment in under 12 months. They are equipped for new tasks so quickly that even the automation of three-month production runs is worthwhile. With MIRAI, users build up internal AI expertise, allowing freedom from external automation providers. MIRAI training is easily done by non-engineers.
Collaborative-robot setups with MIRAI reduce complexity by avoiding the need for special technology to produce accuracy. Instead of workpiece fixtures that must be manufactured specifically, instead of mechanical alignments and special solutions for positioning, MIRAI cameras attached to the robot are sufficient to take over the positioning for several subtasks.
Rauno Miljand, managing partner at investor Metaplanet, says: “Intelligent robot automation could tap into a currently locked productivity pool. 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 information: www.micropsi-industries.com