LYRO seeks further capital to commercialise its AI-powered picking and packing technology

By LYRO Robotics Press Release September 21, 2020

Brisbane, Australia – Sep 2020

Brisbane based robotics company LYRO Robotics has successfully deployed their robots and world-leading picking and packing technology in commercial trials across the Australian agriculture and e-commerce sectors.

The team is now seeking additional venture capital to commercialise its LYRO Machine Intelligence software system for use in warehouses, supply chains, and logistics operations globally.

“In the last six months successful trials of our state-of-the-art technology has packed more than 50,000 items, picking up over 100 different products,” said Dr Jürgen ‘Juxi’ Leitner, Managing Director and Co-founder of LYRO Robotics.

LYRO MI powering various robots — LYRO Machine Intelligence works with various robots and a large range of items

“We have experienced steep increase in commercial interest for robotic solutions in food and supply chain industry during the COVID-19 period. As a result, we have commercial partnerships already in progress, and 5 project proposals ready to go once the funding is secured.

“Our innovative robots and software can work inline with existing factory operations and automated systems across agriculture, horticulture, retail, logistics, warehousing, as well as, waste management sectors for picking, packing, and sorting to be all done contact-free.

“One of our recently announced international partnerships is with Norwegian company Halodi Robotics to develop a retail robot demonstrator to enable in-store picking, order fulfilment and restocking of goods in real stores with no infrastructure modification needed.”

As an ambitious Aussie start-up, LYRO has come a long way in their first year after receiving its initial funding injection from Japan’s Toyo Kanetsu Corporate Venture Fund II in late 2019.

“We are now going to market to source another injection of capital to accelerate commercialising our picking and packing system and starting to license LYRO Machine Intelligence, a deep learning AI software system, to our partners,” Dr Leitner said.

“Our software integrates the brain, the eyes and the hands, enabling any robot to pick and pack any item, even if it has not seen it before. It is backed by more than a decade of our research into robotic vision, machine learning, and robotic grasping.

“We develop the scalable, intelligent and easy to deploy robotic workforce. Ensuring a robust, safe and secure supply chain is only the beginning. Our goal is to have 100,000 robots out there by the end of the decade, performing dirty, dull and dangerous manual tasks.” said Dr Leitner.

All interested parties are encouraged to contact LYRO Robotics for further details on its capital raising plans and in-depth company overview.

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Contact

Dr Juxi Leitner
0403170529
media@lyro.io

LYRO Robotics Pty Ltd (ABN 47 635 402 489) 6 Electronics St, Eight Miles Plain, QLD 4113, Australia

About LYRO Robotics

LYRO Robotics is an Australian robotics company, incorporated in August 2019. It leads the push to create intelligent robots for order fulfilment in warehousing and logistic scenarios in Australia. LYRO is creating ‘the brains, eyes and hands’ for the next generation of robots.

LYRO is in the business of developing state-of-the-art robotics, computer vision and artificial intelligence to visually identify, locate, pick and pack a large range of inventory stock.

Dr Leitner previously led the Australian Centre for Robotic Vision’s Manipulation and Vision research program before taking the leap into the world of start-ups with fellow Centre Research Fellow, Dr Nicole Robinson, and former Research Student, Mr Norton Kelly-Boxall.

LYRO Robotics was born after Dr Leitner led “Team ACRV” to victory at the 2017 Amazon Robotics Challenge in Japan with the only custom-built robot in the global competition.