Surge Launches Robotics Business With Majority Stake in Idea8
aiinsider ·
Surge, a Sri Lankan digital consultancy and technology firm, announced the launch of Surge Robotics after acquiring a majority stake in product engineering company Idea8. The newly formed unit will merge Idea8's IoT, edge computing, and sensor engineering expertise with Surge's strengths in AI, cloud, and enterprise software. The initiative is designed to connect factory operations with digital systems, concentrating on industrial automation, predictive maintenance, and real-time factory intelligence. Surge noted that Idea8's technology is already being used by manufacturers including Uniqlo, MAS, and Brandix. The financial terms of the acquisition and the exact ownership percentage were not disclosed. To support its expansion into international smart-manufacturing markets, Surge has appointed technology executive Henry Wu and capital-markets veteran Sarath Sathkumara to its advisory board.
aiinsider