Xaba Secures $2M Seed Extension to Advance AI-Powered Robotics and CNC Automation, Partnering with Industry Leaders
Xaba is pioneering in developing AI-driven processes and software solutions for the automation of manufacturing and construction processes.
Company Name: Xaba
Location: Toronto, Canada
Sector: AI-Powered Software for Robotics and CNC Machines
Funding Details: Raised $2M in Seed extension, led by BDC Capital’s Deep Tech Venture Fund with participation from Hitachi Ventures and Hazelview Ventures.
Purpose of Investment: To expand operations and enhance development efforts.
Leadership: CEO Massimiliano Moruzzi
Product: AI-powered software solutions xCognition and xTrude for automating and enabling sustainable manufacturing. These platforms offer cognitive industrial automation with a focus on consistency, robustness, and high-quality execution.
About Company: Xaba is pioneering in developing AI-driven processes and software solutions for the automation of manufacturing and construction processes. The company's platforms, xCognition and xTrude, leverage state-of-the-art industrial AI to automate tasks and reduce the need for human intervention, reprogramming, and waste.
Key Features:
- xCognition: An industrial robotics digital twin capturing the true physics of any industrial robotics system for tasks like drilling, welding, assembling, and more.
- Reduction in human supervision and waste, improving ROI in manufacturing processes.
- Use of rules-based language models and multi-modal datasets to capture legacy data and best practices.
Partnerships: Recent collaborations with Lockheed Martin and Rolleri Robotic.