Migration Technology received tens of millions of yuan in Series B financing, focusing on 3D vision robotic arm guidance, "100%" hard-core delivery capability

Migrate Technology recently completed a B round of financing of tens of millions of yuan, led by Shanda Fund. This round of financing will mainly be used to deepen the global market sales system of 3D vision products, strengthen the research and development of underlying technologies and the standardization of 3D vision products, and work with integrator partners to achieve a win-win situation for the 3D vision ecosystem.

Migration Technology was founded in 2017 and is an industry-leading supplier of 3D industrial cameras and 3D vision systems, with a total financing of hundreds of millions of yuan. Based on years of technical accumulation in 3D camera hardware, algorithms and software, Migration Technology has created a stable, easy-to-use, high-return AI+3D vision system that can be used for loading and unloading, palletizing, positioning and assembly, and other scenarios, empowering global industrial manufacturing and warehousing logistics automation technology.

Migration Technology has injected strong potential into the field of industrial automation with its self-developed Epic Eye series cameras and supporting Epic Pro visual software . In terms of hardware products, Migration Technology's cameras are mainly divided into two series: DLP cameras and laser mechanical galvanometer cameras. Both adopt grating structured light solutions, and the point cloud quality is at the leading level in the industry. They have obtained international certifications such as CE, FCC, KC, and VCCI. Migration Technology's laser mechanical galvanometer has excellent resistance to ambient light interference, and can maintain complete imaging under direct sunlight in summer, with a maximum resistance to ambient light interference of more than 120,000 Lux.

On the software platform, Migration Technology's Epic Pro visual software uses a fully graphical interface with hundreds of operators built in. Users can complete the configuration of the operation process without writing code, and achieve communication with the robot , obtain point cloud data, set the operation logic, etc. It has the advantages of easy deployment, easy to use, and zero programming. After installation, customers can connect the camera and robot with one click, complete the construction of the visual application in as fast as 2 hours, and novices can use it in 20 minutes, which greatly reduces the learning cost and usage threshold of integrators and front-line workers.

In terms of self-developed algorithms, Migrate has accumulated many years of experience in 3D imaging, 3D visual recognition, robot motion planning and obstacle avoidance algorithms, and high-quality AI models. Migrate's self-developed 6D pose estimation algorithm ranks first on the world-renowned BOPITODD dataset when using point cloud data.

Since its establishment, Migration Technology has been one of the companies with the most landing scenarios in the Chinese 3D visual guidance market segment with its excellent products, high-quality services and good reputation, and its project delivery rate has reached 100%. By the end of 2023, Migration Technology has delivered more than 500 projects, serving multiple industries such as new energy, automobiles, chemicals, home appliances, and metal manufacturing. Its customers include Mercedes-Benz, Tesla, Volkswagen, CATL, CNOOC, Sinopec, Midea, Gree and many other Fortune 500 companies. The high reputation and trust accumulated among the top customers are forming a "flywheel effect", further accelerating the commercial development of Migration Technology.

Shanda Fund said: "We are very optimistic about Migration Technology's 3D vision technology innovation and its ability to scale up in multiple industry scenarios. We believe that this round of financing will further accelerate Migration Technology's commercialization and globalization, help the in-depth application and innovation of AI + 3D vision technology in the industry, and bring value to more companies."

Regarding Migration Technology's achievements, Fan Yu, founder and CEO of Migration Technology, believes that "persistence in creating standardized products, persisting in win-win cooperation with partners, and persisting in technological innovation are the three core competitive advantages that guarantee Migration Technology's continued rapid development."

In terms of product standardization, Migrate Technology emphasizes that it focuses on building a user-friendly and integration-friendly product and technology ecosystem, and is a supplier of 3D vision software and hardware products. The reason is that on the one hand, it can focus on cutting-edge technology research and develop more series of products; on the other hand, it can improve product quality and reduce usage costs through standardization.

Based on its positioning as a product supplier, Migration Technology insists on working closely with integrators, while making it clear that it will not directly intervene in the integration business. Under this cooperation model, Migration Technology chooses to be responsible for completing the first wave of "battles", doing technical exploration and scenario proofing, and bearing the cost of innovation. After completing the technical breakthrough, Migration Technology will provide professional training to integrators so that they can independently execute specific scenario projects. At the same time, Migration Technology is committed to providing high-quality products, ensuring stable supply to integrators, and supporting their project implementation. This strategy aims to achieve clear division of labor, optimize resource allocation, consciously maintain the upstream and downstream ecology of the industrial chain, pursue a win-win situation for all three parties, and jointly promote industry progress.

Migration Technology is well aware that technological innovation is the core driving force for the company's continued growth and competitiveness. Therefore, the company has always been committed to strengthening the research and development innovation of 3D vision underlying technologies and key product solutions to build differentiated advantages and better meet customer needs. In 2023, Migration Technology launched the industry-leading laser galvanometer 3D structured light camera, which excels in resisting ambient light interference and imaging black reflective objects. With its continuous technological development, Migration Technology was selected as one of the "50 Most Promising Startups in the World" by Silicon Valley technology media The Information in the same year, and is the only 3D vision company selected in the industry.

It is reported that Migration Technology currently has more than 100 employees, of which R&D personnel account for more than 60%. The core members are masters and doctors from top universities such as Tsinghua University, Zhejiang University, Chinese Academy of Sciences, and Beihang University, all of whom have rich experience in machine vision and robotics technology. In terms of patent accumulation, Migration Technology currently has dozens of independently developed invention patents, and the patent layout is mainly concentrated in the fields of 3D cameras, 3D vision algorithms, easy-to-use software, and robot motion planning and obstacle avoidance. In terms of talent team building, Migration Technology will continue to increase talent density and further strengthen technology research and development and innovation to promote the sustainable development of the company and the industry.