Xaba, a Toronto, Canada-based developer of an AI-powered cognitive software solution to automate programming and deployment of robotics and CNC machines, raised $2M in Seed extension.
The round was led by BDC Capital’s Deep Tech Venture Fund with participation from Hitachi Ventures and existing investor Hazelview Ventures.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Massimiliano Moruzzi, Xaba develops new processes and AI-powered software solutions to automate and enable sustainable manufacturing. The company has two manufacturing platforms – xCognition and xTrude – which use proprietary, state-of-the-art industrial artificial intelligence (AI) to provide AI-powered cognitive industrial automation, consistency, robustness and high execution quality. Its platforms eliminate the need for constant human supervision, reprogramming, and waste – factors that significantly impact the return on investment of any major manufacturing or construction process.
xCognition is Xaba’s AI-powered software solution. This industrial robotics digital twin captures and models the true physics of any industrial robotics system (elastic, dynamic, mechanical, tooling). This includes workpiece variances both in location and shape, leveraging rules-based language models and multi-modal datasets that capture legacy data and best practices to enable any robotics system to execute tasks such as drilling, welding (MIG, TIG & Laser), assembling, riveting, laser, data acquisition, and more with maximum accuracy, repeatability, and minimum human supervision.
This year, Xaba partnered with Lockheed Martin and Rolleri Robotic.
FinSMEs
09/01/2024