Migration Technology announced that it has recently completed a Series B financing of tens of millions of yuan, led by Shanda Fund. This round of financing is mainly used to deepen the global market sales system of 3D visual products, strengthen the research and development of underlying technologies and standardization of 3D visual products, and work together with integrator partners to achieve a win-win situation in the 3D visual ecosystem.
Founded in 2017, Migration Technology is a leading supplier of 3D industrial cameras and 3D vision systems in the industry, with a total financing of hundreds of millions of yuan. Based on years of technological accumulation in 3D camera hardware, algorithms, and software, Migration Technology has created a stable, easy-to-use, and high return AI+3D visual system that can be used for loading and unloading, palletizing, positioning and assembly scenarios, empowering global industrial manufacturing and warehousing logistics automation technology.
Migration Technology injects strong momentum into the field of industrial automation with its independently developed Epic Eye series cameras and accompanying 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 of which use grating structured light solutions. The point cloud quality is at the forefront of the industry and has obtained international certifications such as CE, FCC, KC, VCCI, etc. The laser mechanical galvanometer of Migration Technology has excellent resistance to environmental light interference and can maintain complete imaging under direct sunlight in summer, with a maximum resistance to environmental light interference exceeding 120000 Lux.
On the software platform, the Migration Technology Epic Pro visual software adopts a fully graphical interface, embedded with hundreds of operators. Users can complete job process configuration without writing code, achieve communication with robots, obtain point cloud data, set job logic, and other tasks. It has the advantages of easy deployment, easy to learn, and zero programming. After installation, customers can connect the camera and robot with just one click, and complete the visual application construction within 2 hours at the fastest. Beginners can get started in 20 minutes, greatly reducing the learning costs and usage barriers for integrators and frontline workers.
In terms of self-developed algorithms, Transfer Technology has accumulated years of experience in 3D imaging, 3D visual recognition, robot motion planning and obstacle avoidance algorithms, and high-quality AI models. The 6D pose estimation algorithm independently developed by Migration Technology ranks first on the globally renowned BOPITODD dataset when using point cloud data.
Since its establishment, Migration Technology has been one of the enterprises with the most landing scenarios in China's 3D visual guidance market segment, relying on excellent products, high-quality services, and good reputation. The project delivery rate has also reached 100%. As of the end of 2023, Migration Technology has delivered over 500 projects, serving multiple industries such as new energy, automotive, chemical, home appliances, and metal manufacturing. Its clients include Mercedes Benz, Tesla, Volkswagen, CATL, CNOOC, Sinopec, Midea, Gree, and other Fortune 500 companies. The high reputation and trust accumulated among top customers are forming a "flywheel effect", further accelerating the commercial development of migration technology.
Shanda Fund stated, "We are very optimistic about the 3D visual technology innovation and large-scale landing ability of Migration Technology in multiple industry scenarios. We believe that this round of financing will further accelerate the commercialization and globalization of Migration Technology, help the deep application and innovation of AI+3D visual technology in the industry, and bring value to more enterprises."
Regarding the achievements of Migration Technology, Fan Yu, founder and CEO of Migration Technology, believes that "adhering to the creation of standardized products, adhering to win-win cooperation with partners, and adhering to technological innovation are the three core competencies that ensure the sustained and high-speed development of Migration Technology."
In terms of product standardization, Migration Technology emphasizes its focus on building a user-friendly and integration friendly product and technology ecosystem, and becoming a supplier of 3D visual software and hardware products. The reason is that on the one hand, we can focus on cutting-edge technology research and develop more series of products; On the other hand, standardization can improve product quality and reduce usage costs.
Based on the positioning of product suppliers, Migration Technology adheres to close cooperation with integrators and explicitly does not directly intervene in integration business. In this cooperation mode, Migration Technology chooses to be responsible for completing the first wave of "battle", conducting technical exploration and scene sampling, and bearing the cost of innovation. After completing the technical breakthrough, Migration Technology will provide professional training to integrators to enable them to independently execute specific scenario projects.
At the same time, Migration Technology is committed to providing high-quality products to ensure stable supply to integrators and support their project implementation. This strategy aims to clarify division of labor, optimize resource allocation, consciously maintain the upstream and downstream ecology of the industrial chain, pursue win-win cooperation among the three parties, and jointly promote industry progress.
Migration technology deeply understands that technological innovation is the core driving force for promoting sustained growth and maintaining competitiveness of enterprises. Therefore, the company is always committed to strengthening the research and development innovation of 3D vision underlying technology and key product solutions, in order to build differentiated advantages and better meet customer needs. In 2023, Migration Technology launched the industry-leading laser galvanometer 3D structured light camera, which performs excellently in resisting environmental light interference and imaging black reflective objects.
With continuous technological cultivation, Migration Technology was selected as the "50 Most Promising Global Startups" by Silicon Valley technology media The Information in the same year, making it the only 3D vision company in the industry to be selected.
It is reported that currently, Migration Technology has over 100 employees, with R&D personnel accounting for more than 60%. The core members are master's and doctoral students 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, currently Migration Technology has dozens of independently developed invention patents, with patent layouts mainly focused on 3D cameras, 3D vision algorithms, user-friendly software, and robot motion planning and obstacle avoidance.
In terms of talent team construction, Migration Technology will continue to increase talent density, further strengthen technology research and innovation efforts, to promote the sustainable development of the company and industry.
