Portfolio Company News: Xaba Closes Seed Funding to Drive Intelligent Automation for Sustainable ManufacturingPortfolio Company News:

February 16, 2023 07:00 AM Eastern Standard Time

TORONTO–(BUSINESS WIRE)–Xaba, developers of the first AI-driven robotics and CNC machine controller, today announced it has closed a round of seed funding to bring to market AI-driven fabrication processes and intelligent autonomous machines. The funding round was led by Hazelview Ventures with participation from Whiteshell Group Inc. The investment will be used to accelerate the development of two Xaba manufacturing platforms, launch pilot programs, and grow the team across sales, deployment, and customer support.

“For the first time, robots used in manufacturing will be able to consider all elements of execution in the process, which will ultimately reduce reliance on human supervision.”

The robotics market is changing rapidly and driving significant market interest in the adoption of intelligent, autonomous robotics systems and innovative new materials for use in manufacturing, transportation, and construction. In addition, companies are increasingly demanding intelligent robotic systems that are more accurate than those in use today and which can easily be applied to existing manufacturing operations. Xaba has taken an innovative approach to transform robots used in manufacturing today into fully intelligent, self-directed systems that can automatically optimize, adjust, or change the design flow to incorporate the various constraints typically found within mechanization.

“Xaba lowers the barriers to adopting new manufacturing technologies, materials, and approaches,” said Massimiliano Moruzzi, CEO of Xaba. “For the first time, robots used in manufacturing will be able to consider all elements of execution in the process, which will ultimately reduce reliance on human supervision.”

Xaba has two manufacturing platforms – xCognition and xTrude – which use proprietary, state of the art industrial artificial intelligence (AI) to provide consistency, robustness, persistently high execution quality, and autonomy. 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.

Xaba has partnered with leaders in the aerospace and automotive industries on disruptive projects in the U.S., Canada, and Europe to validate these manufacturing platforms with users. For Project Arrow, the all-Canadian electric vehicle, Xaba produced the world’s first 3D-printed chassis. This technology is also being used in the development of a flying car.

xCognition is Xaba’s AI-driven control system. This true industrial robotics digital twin captures and models the physics of industrial robotics systems (elastic, dynamic, mechanical, tooling), and enables any robotics system to execute tasks such as drilling, welding, assembling, riveting, laser, data acquisition, and more with maximum accuracy, repeatability, and minimum programming and human supervision.

xTrude is Xaba’s AI-driven control system for Fused Deposition Modeling (FDM) processes, enabling the successful 3D printing of large functional parts while dramatically reducing failures such as de-lamination, collapse, and distortion. xTrude uses a machine learning model paired with a process control user interface to model the physics of an FDM process. It automatically computes optimum values for dominant process parameters such as flowrate, feedrate, extrusion temperature, bead width and height, and layer-to-layer adhesion temperature for every Numerical Control (NC) block along the entire printing trajectory.

Once available commercially, xCognition and xTrude will enable manufacturers to evaluate, adopt, and deploy intelligent automation in a much shorter time with a substantially higher throughput and increased sustainability.

“Xaba’s novel automation, manufacturing, and advanced materials technology is very compelling, such that we believe they can have a great impact on the construction industry,” said Roger Poirier, co-founder of Hazelview Ventures. “Consistent with our investment strategy, we are looking forward to working with Xaba to unlock the full potential of their technology as it relates to sustainable construction.”

Hazelview Ventures, a wholly owned subsidiary and venture arm of Hazelview Investments Inc., is a Toronto based Real Estate owner and developer that manages CAD$11.8 billion in real estate assets and has a $10.9 billion development pipeline. Hazelview Ventures focuses exclusively on partnering with innovative, early-stage PropTech, BuildTech, and CleanTech companies that can be leveraged throughout their real estate portfolio and development projects.

In recent years, increased automation capabilities and improved sustainability have become key objectives for the construction Industry. Xaba’s technology has the potential to significantly improve sustainability in all aspects of construction and development, including automation enabling prefabrication, waste reduction, and sustainable materials.

About Xaba

Toronto-based Xaba develops new processes, control systems, and materials that automate and enable sustainable manufacturing. Its intellectual property uses artificial intelligence (AI) to control industrial robots and enable additive manufacturing machines to synthesize new materials or create true digital twins. Such applications have the potential to disrupt current business models, determine new manufacturing processes, and create new materials. For additional information, visit xaba.ai.

Source: https://www.businesswire.com/news/home/20230216005493/en/Xaba-Closes-Seed-Funding-to-Drive-Intelligent-Automation-for-Sustainable-Manufacturing


Lisa Ballard
Boulevard Public Relations

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