What is CtrlWorks?
CtrlWorks, founded in Singapore in 2011, is at the forefront of integrating cloud technology with robotics. The company's flagship product, CloudNAV, is a pioneering plug-and-play cloud-based engine enabling autonomous navigation for robots without requiring additional hardware. Complementing this is Axon, a modular add-on kit introduced in 2013, which transforms existing wheeled platforms like trolleys and pushcarts into intelligent mobile robots. Axon's compact design, powered by CloudNAV, allows for operation in confined spaces, showcasing CtrlWorks' innovative approach to robotic automation.
How much funding has CtrlWorks raised?
CtrlWorks has raised a total of $960K across 1 funding round:
Angel/Seed
$960K
Angel/Seed (2015): $960K with participation from WaveMaker Labs and National Research Foundation
Key Investors in CtrlWorks
WaveMaker Labs
WaveMaker Labs is a prominent venture capital firm in Southeast Asia, specializing in early-stage investments within Enterprise, Deep Tech, and Sustainability. They focus on companies addressing significant regional challenges and driving positive social impact.
National Research Foundation
The National Research Foundation is an independent statutory body dedicated to supporting and promoting research and innovation across all fields of science and technology. They aim to facilitate knowledge creation and support government priorities through funding and resource provision.
What's next for CtrlWorks?
The recent major strategic investment signals a pivotal growth phase for CtrlWorks. This capital infusion is expected to accelerate the development and deployment of its CloudNAV and Axon technologies, potentially expanding its market reach in logistics, manufacturing, and other sectors requiring autonomous mobile solutions. The company's focus on reducing hardware overheads positions it favorably in a market increasingly demanding cost-effective and flexible robotic systems.
See full CtrlWorks company page
