AImotive raises $38 million funding for its autonomous driving technology

AImotive, a startup developer of autonomous vehicle technology, has closed its $38 million Series C funding round. The funding round was led by B Capital Group and Prime Ventures, with participation from Cisco Investments, Samsung Catalyst Fund, and Series A and B investors Robert Bosch Venture Capital, Inventure, Draper Associates and Day One Capital. AImotive … Continue reading AImotive raises $38 million funding for its autonomous driving technology

Alchemy IoT launches with $4 million funding to integrate AI into IIoT without need for coding

A new company called Alchemy IoT says it has $4 million seed funding to “simplify the industrial internet of thing using artificial intelligence”. The company says it addresses the high costs and complexities of AI-based IoT for small- to mid-sized industrial customers with “no-code” cloud-based application, which enables its customers to be up “and running … Continue reading Alchemy IoT launches with $4 million funding to integrate AI into IIoT without need for coding

Apple awards $390 million from its advanced manufacturing fund to Finisar for its optical components

Apple has awarded $390 million from its $1 billion advanced manufacturing fund to a US company called Finisar.  The computing devices giant says the award is part of its long-term aim to support innovation and job creation by American manufacturers. The award will enable Finisar to exponentially increase its R&D spending and high-volume production of … Continue reading Apple awards $390 million from its advanced manufacturing fund to Finisar for its optical components

PerceptIn raises $11 million funding and launches robotics vision system

A startup company called PerceptIn has raised a total of $11 million in funding, and has launched a new robotics vision system.  The funding came from Samsung Ventures, among others. The vision system is called Ironsides, and PerceptIn claims it to be “the first full robotics vision system to combine both hardware and software for real-time tracking, mapping, … Continue reading PerceptIn raises $11 million funding and launches robotics vision system

Mopping robot EveryBot raises 4,000 per cent more funds than makers asked for

The makers of a mopping robot have raised 4,000 per cent more money than they asked for on crowd-funding site Indiegogo.  The developers of EveryBot RS700 have raised a total of $25,500 which is currently 4,200 per cent more than they asked for. Although we’re talking about relatively small numbers, the success of EveryBot is an … Continue reading Mopping robot EveryBot raises 4,000 per cent more funds than makers asked for

Groove X raises $70 million in funding to develop ‘new generation’ of household robot, named ‘Lovot’

A Japanese company called Groove X has raised an astonishing $70 million to develop and release what it calls the “next generation” of household, or companion, robots.  The company has named its new creation “Lovot”, which is a combination of the word “love” and “robot”, but has yet to release pictures of the machine. It … Continue reading Groove X raises $70 million in funding to develop ‘new generation’ of household robot, named ‘Lovot’

Horizons launches new investment fund for robotics and automation related technologies

A company in Canada has launched a new investment vehicle for people interested in robotics, automation and related sectors.  Horizons ETFs Management, which is a subsidiary of the Mirae Asset Financial Group, is partnering with Robo Global in offering the exchange-traded fund, which will be called Horizons Robo. Horizons Robo says it seeks to replicate the … Continue reading Horizons launches new investment fund for robotics and automation related technologies

Natilus raises new funds to launch pilotless freight aircraft

Natilus, a manufacturer of large aircraft drones, has closed a second round of seed funding with investment from Starburst Ventures, Seraph Group, Gelt VC, Outpost Capital and Draper Associates. The funds – the amount was not disclosed – will go toward what the company calls its “aggressive scaling strategy”, with the first Federal Aviation Administration-approved … Continue reading Natilus raises new funds to launch pilotless freight aircraft

Chinese collaborative robot maker Aubo Robotics raises $9 million in funding

A Chinese collaborative robot manufacturing startup company called Aubo has raised $9 million in funding from Fosun.  Fosun is a conglomerate based in China with a widely diversified investment portfolio. Fosun has previously invested in Aubo and believes the cobot maker has the potential to become a “unicorn”, a startup with a valuation of $1 billion or … Continue reading Chinese collaborative robot maker Aubo Robotics raises $9 million in funding

Locus Robotics raises another $25 million in funding

Locus Robotics has raised $25 million in its latest funding round.  Locus makes autonomous, mobile robots for use in e-commerce fulfillment warehouses, today announced it has secured $25 million in Series B funding led by Scale Venture Partners, a Silicon Valley-based venture capital firm investing in the future of work. Existing investors also participated in … Continue reading Locus Robotics raises another $25 million in funding

MarkForged raises $30 million in new funding from Siemens and Porsche for 3D printing system

A company called MarkForged has raised $30 million in Series C funding to further develop its additive manufacturing – or 3D printing – technology.  The company is said to use materials and methods which can produce components which are as strong as steel, and produce them 10 times faster. The latest backers of MarkForged include Next47, … Continue reading MarkForged raises $30 million in new funding from Siemens and Porsche for 3D printing system

Robotics-related investment fund reaches $1.5 billion worth of assets under management

A robotics- and automation-related investment fund says it now has $1.5 billion under management. The Robo Global Robotics & Automation exchange-traded fund (ROBO) is celebrating four years on the Nasdaq stock exchange. Robo Global is said to be the first robotics-related investment fund, and says so far this year, it has delivered a total return … Continue reading Robotics-related investment fund reaches $1.5 billion worth of assets under management

Software developer Veo Robotics raises $12 million in funding

Veo Robotics has raised $12 million in Series A funding led by Lux Capital and Google Ventures, which is now called GV.  GV’s Andy Wheeler and Lux’s Bilal Zuberi will join the Veo board of directors. Siemens, through its company Next24, which previously invested in Veo, also participated in the latest funding round. 

Zume Pizza raises $48 million funding for robotic pizza production system

  A company which is developing robotic pizza production systems has raised $48 million in funding, according to a report on ZDNet.com.  The new funding for Zume Pizza follows a previous round, in December, which raised $23 million. ZDNet says Zume’s system could increase speed and freshness at the same time as reducing labour costs. … Continue reading Zume Pizza raises $48 million funding for robotic pizza production system

Chinese search giant Baidu launches $1.5 billion fund for autonomous car tech

  Baidu – China’s equivalent of Google – has launched a $1.5 billion fund for autonomous car technology. The company’s newly established Apollo Fund will invest in 100 autonomous driving projects in the next three years. Meanwhile, Baidu has unveiled the latest iteration of its Apollo open-source autonomous driving platform, Apollo 1.5. The Apollo platform has gathered … Continue reading Chinese search giant Baidu launches $1.5 billion fund for autonomous car tech