An investment. Leading the round is European venture firm Atomico, with involvement from Visionaries Club and previous financier La Famiglia. Arculus states it will use the injection of capital to “reinforce item advancement, broaden consumer base and prepare for an international rollout”.
As part of the financial investment, Atomico partner Siraj Khaliq is joining the Arculus board. (Khaliq seems to be on a little a run at the minute after quietly leading the company’s financial investment in quantum computing company PsiQuantum
last month.)Established in 2016, Arculus already works with a few of the leading production business throughout a series of markets. They consist of Siemens in robotics, ventilation, heating and air conditioning, Viessmann in logistics, and Audi in vehicle.
Its self-described objective is to transform the “one-dimensional” assembly line of the 20th century into a more versatile modular production procedure that is capable of making today’s most complex items in a much more efficient method.
Instead of a single line with a conveyor belt, a factory powered by Arculus’ software and hardware is made up of modules in which specific tasks are performed and the business’s robotics– called “arculees”– move things in between these modules instantly based upon which stations are free at that minute. Underlying this system is the assembly top priority chart, a tree of interdependencies that links all the processes needed to complete specific items.
That remains in contrast to more conventional direct manufacturing, which, claims Arculus, hasn’t been able to keep up as need for customisation increases and “innovation cycles speed up”.
Explains Fabian Rusitschka, co-founder and CEO of Arculus: “Makers can barely predict what their consumers will demand in the future, but they require to purchase production systems created for particular outputs that will last for years. With Modular Production we can now make sure optimum performance for our clients, whatever the volume or mix. This technological shift in manufacturing, from linear to bespoke, has been long past due however for makers looking ahead at the coming years of shifting customer purchasing behaviours it is mission vital to survival”.
To that end, Arculus is making some vibrant claims, particularly that the business’s innovation increases employee efficiency by 30% and decreases area usage by 20%. It also reckons it can save its customers as much as EUR155 million per plant every year “at full application”.
Siraj Khaliq, Partner at Atomico, states the manufacturing sector “is big and the inefficiencies are well known”.
“We estimate that the automobile market alone could save almost $100bn, were all producers to embrace Arculus’s modular production technology,” he tells TechCrunch. “And beyond auto, their technology applies to any linear/assembly line production procedure– in time maybe a tenfold higher market still. We’ve already seen the Covid-19 crisis extremely improve interest in the wave of startups equalizing automation, as business try to construct durability into their supply chains. If you’re an officer analyzing this kind of thing today, the way we see it, utilizing Arculus’s innovation is simply good sense”.
Asked why it is only now that assembly lines can be transformed, the Atomico VC states a variety of foundation weren’t in place until now. They consist of cheap, versatile sensors, reputable connection, “adequately effective calculate resources”, device vision, and “learning-driven” control systems.
“And even if the tech could have been deployed, the inspiration doesn’t come up until you buckle under the pressure of increasing item customisation,” he states. “High-speed linear production lines are pretty efficient if you’re only producing something, preferably in one colour. As this has ended up being less and less the case, the market responded by incrementally improving, such as including sub-assemblies that feed into the main line. You can only presume with that … to be actually efficient you’ve got to begin fresh and be modular from the ground up. That’s difficult”.
Arculus also counts a number of German entrepreneurs as previous backers. They include Hakan Koc (founder of Vehicle 1), Johannes Reck (founder of GetYourGuide), Valentin Stalf (founder of N26), in addition to the creators of Flixbus.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.