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Xaba Secures $2m To Advance Self-programming Robots For Manufacturing Excellence
Xaba, an AI-powered robotics developer, raised $2M to propel AI-driven fabrication processes. Led by BDC Capital’s Deep Tech Venture Fund, with Hitachi Ventures and Hazelview Ventures' support, the funding aims to establish a robotics lab and expedite two manufacturing platforms. Their innovation, xCognition, merges AI with robotics, automating programming and enhancing accuracy, throughput, and cost-effectiveness. This revolutionizes robotics deployment, addressing industrial challenges. Thomas Park from BDC Capital joins Xaba's board. Xaba's partnerships showcased significant performance enhancements for cobots. CEO Massimiliano Moruzzi sees this funding amplifying their impact in automated factories. Hitachi Ventures acknowledges Xaba's potential in elevating high-precision robotics. Xaba's xCognition and xTrude platforms leverage AI for cognitive industrial automation, reducing human intervention and waste in manufacturing processes.
Read More - https://www.techdogs.com/tech-news/business-wire/xaba-closes-2-million-seed-extension-to-deliver-intelligent-self-programming-robotic-systems-for-manufacturing
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