Micropsi Raises $30M to Scale Automation, Adds Managing Director

Micropsi Industries, a provider of turnkey AI-systems for industrial automation, closed a $30 million Series B financing round. The funding will be used to expand operations in the U.S., ramp up sales efforts, and expand to more robotics platforms.

The company’s MIRAI robot control system uses sensor and cameras to be able to react in real time to dynamic conditions in a workspace. Robots powered by the system can be trained by humans to perform hand-eye-coordinated actions in industrial environments. Companies such as Siemens Energy, ZF Group, and BSH use MIRAI in their production halls, the company said.

MIRAI robot control system enables hand-eye-coordinated actions for automation of tasks that improve productivity in industrial environments. Courtesy of Micropsi Industries.

“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.”

The company recently hired robotics expert Dominik Bösl, a professor at Hochschule der Bayerischen Wirtschaft, as managing director to oversee the company’s technology roadmap. Bösl previously held positions at Festo, Kuka, and Microsoft.

New investors Metaplanet, VSquared, and Ahren Innovation Capital co-led the funding round. Existing investors Project A Ventures and M Ventures also participated.

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Published: February 2022

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
artificial intelligence: The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.

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