6 years ago
Automata Raises $7.4 Million for its Affordable Desktop Robot Eva
Automata, a London-based startup, has raised $7.4 million in Series A funding led by Hummingbird Ventures
The funding will be used to expand the company's team and ramp up production of Eva, a desktop robotic arm designed to be smaller, cheaper, and easier to use than traditional industrial robots
Automata's founders, Suryansh Chandra and Mostafa ElSayed, previously worked at Zaha Hadid Architects and saw a need for more accessible robotics solutions for businesses of all sizes
Eva's key innovations include a redesigned gearbox, a smaller size that makes it more affordable, and a focus on user-friendliness
The company aims to disrupt the traditional industrial robotics market by providing a more cost-effective and accessible alternative.
ProblemTechnology
"Traditional industrial robots are expensive, oversized, and difficult to use, limiting their adoption by businesses."
Solution
"Automata's Eva robot is a smaller, more affordable, and easier-to-use robot that can be set up and operational in a matter of hours, making it accessible to a wider range of businesses."