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
Global X Funds, the New York-based provider of exchange-traded funds, today celebrated the one-year anniversary of the launch of the Global X Robotics and Artificial Intelligence ETF (BOTZ). The company says Botz has received considerable interest from investors in its first year, having surpassed $450 million in assets under management. Botz launched on September … Continue reading Robotics investment fund grows to $450 million since launch one year ago
Cambridge Medical Robotics, a company which is developing a robotic system for minimal access surgery, has closed its Series A funding round, raising a further $26m. The investment came from existing investors Cambridge Innovation Capital, LGT Global Invest, Escala Capital and ABB Technology Ventures, and new investor Watrium. Together with the first tranche in July … Continue reading Cambridge Medical Robotics raises another $26 million in funding
Samsung has created a $300 million fund to build on a number of earlier investments in auto-related startups and technologies. Earlier this year, the electronics giant bought Harman, a premier supplier to original equipment manufacturers in the automotive sector. The two companies have now jointly launched a new strategic initiative, focused on developing innovations for … Continue reading Samsung strengthens interest in autonomous driving with $300 million investment fund
Ekso Bionics, a developer of exoskeleton technology for medical and industrial use, has raised $34 million in its latest share issue. Many of the new shares were purchased by Puissance Capital. Exoskeletons are predicted to find markets in the health sector as well as industries such as construction, or anywhere where there may be physical … Continue reading Ekso Bionics raises $34 million in funding for exoskeleton plans
Investing in robotics is something many people are interested in. Not surprising, since funds which have invested in robotics and related technologies on the stock markets have returned significantly more profits than funds in other business sectors. Rewired is a new fund which is starting out with $100 million to invest in what it says … Continue reading Investing in robotics with a $100 million fund and a humanitarian perspective
A robotics investment fund claims it has seen returns of almost 40 per cent since it was established a year ago, according to a report on Business Insider. Botz is a Nadaq-listed exchange-traded fund, which has holdings in a variety of companies in the robotics and artificial intelligence sectors. ETFs are like shares in a … Continue reading Robotics investment fund claims 40 per cent returns in one year
ROBO, believed to be the first robotics and automation exchange traded fund, has reached a new milestone in terms of its assets under management. Index provider ROBO Global, which has holdings in more than 100 listed companies, says investors have embraced its dedicated focus on robotics, automation and artificial intelligence. The ROBO Global Robotics & … Continue reading Largest robotics and automation investment fund now has $1 billion in assets under management
Investments will focus on applied science and technologies that advance machine perception and unlock the next-generation of smart robotics Rewired has launched a robotics venture studio and fund. To start with, the company is investing $100 million in applied science and technologies that advance machine perception. Rewired says its initial proposition is that improving machine … Continue reading Rewired launches $100 million robotics-focused venture studio and fund
The news that investments in robotics and automation companies have out-performed all other investments on the stock market will only add to the allure of this sector. Fuelled by a renewed fascination and technological advancement in artificial intelligence, investors are enthusiastically looking for funds and companies in which to put their money. There’s very few … Continue reading Interview: Leading robotics and automation fund manager planning to launch new investment vehicle
Autonomous vehicle technology company Nauto, which is developing an artificial intelligence and data platform for self-driving technology, has closed a $159 million Series B financing round, led by a SoftBank subsidiary, and Greylock Partners. Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial … Continue reading Autonomous vehicle tech developer Nauto raises $159 million in funding
Additive manufacturing startup Desktop Metal has raised another $115 million in funding, bringing the total amount of financing to more than $200 million. The company’s backers include Google, General Electric, and Techtronic Industries, the holding company for vacuum cleaner brands Hoover and Dirt Devil. Desktop Metal was founded by four MIT professors, according to TechCrunch.com, … Continue reading 3D printing startup Desktop Metal raises another $115 million in funding
Honeybee Robotics has received four Nasa Small Business Innovation Research (SBIR) Phase I awards and two Nasa Small Business Technology Transfer (STTR) Phase I award to develop new spacecraft systems and enabling technologies. The awards will allow Honeybee to analyze concepts for advanced future planetary exploration, sampling, in-situ resource utilization, and on-orbit operations.
uShip, the online shipping marketplace and freight automation software provider, has closed a $25 million Series D round led by DB Schenker, one of the world’s largest logistics companies and an existing uShip partner. DB Schenker’s funding comes on the heels of unprecedented investment in logistics and supply chain technology. Since 2015, top pure-play logistics corporations have … Continue reading uShip raises $25 million to fund logistics automation plan
Startup company Sarcos Robotics has raised another $15.625 million in financing, bringing its total funding to $25 million. The company’s investors include Caterpillar, Microsoft and GE Ventures. Sarcos is developing an exoskeleton which the company describes as a “dexterous robotic system for unstructured environments”.