Fetch Robotics raises $25 million in investment round led by Sway Ventures

Fetch Robotics, a provider of a range of warehouse automation and logistics robot solutions, has raised $25 million in Series B funding.

The round was led by Sway Ventures with participation from existing investors O’Reilly AlphaTech Ventures, Shasta Ventures and SoftBank Group US.

The Series B round brings Fetch Robotics’ total funding to date to $48 million.  Continue reading Fetch Robotics raises $25 million in investment round led by Sway Ventures

Book preview: New academic study on the subject of robots with legs

Bioinspired Legged Locomotion: Models, Concepts, Control and Applications
By Maziar Sharbafi and André Seyfarth

Elsevier has released a book which may be of interest to roboticists. Here’s a preview.

The book explores the universe of legged robots, bringing in perspectives from engineering, biology, motion science, and medicine to provide a comprehensive overview of the field.

With comprehensive coverage, each chapter brings outlines, and an abstract, introduction, new developments, and a summary.  Continue reading Book preview: New academic study on the subject of robots with legs

Robotics and automation to replace 800 million human workers by 2030, says new report

The global effects of robotics and automation technologies is forecast to include the removal of as many as 800 million people from their jobs by 2030, according to a new report. Seventy million of them will be in the US. 

McKinsey, the consultancy firm which conducted the research, says the development of automation technologies is “sparked much public concern”.

In its report, Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation, McKinsey Global Institute says that, while automation is not a new phenomenon and fears surrounding its effects date back centuries, the situation seems different now.  Continue reading Robotics and automation to replace 800 million human workers by 2030, says new report

New study: Industrial cameras, technical features, and market

Each year, in cooperation with the trade journals Vision Systems Design and Inspect, industrial imaging company Framos identifies technical and commercial trends in the industry based on users’ and manufacturers’ views.

For this 10th market study, 90 manufacturers and users from 22 countries responded to questions about the status quo of the imaging market, and its ongoing development.

In the age of automation and the smart factory, classic machine vision is the cornerstone of success for the Imaging industry.

CMOS technology and fast processing are enabling real-time precision, while cognitive vision solutions using artificial intelligence are the bases for further growth.  Continue reading New study: Industrial cameras, technical features, and market

Market research reports roundup: Teach pendants; Cutting and deburring; Collaborative robots

Another three reports making the headlines on the web

ReportGlobal Collaborative Robots Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023
Company: Energias Market Research
Our comment: Collaborative robots are of massive interest at the moment, and this report values the market at $177 million in 2016, and says it will rise to $4.238 billion in 2023. That’s a hefty increase of more than 57 per cent a year.

Report: Robot Teach Pendant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025
Company: Transparency Market Research
Our comment: This company doesn’t reveal any figures for market size and growth in its press release, but it mentions leading companies, such as ABB, Fanuc, Yaskawa Motoman and so on.

Report: Global Robotic Cutting, Deburring, and Finishing Market 2017-2021
Company: 360 Market Updates
Our comment: Another report which doesn’t release any headlines figures, but makes the observation that accuracy and productivity are driving this market.

Report: Sensors for Robotics: Technologies and Global Markets
Company: BCC Research
Our comment: Global market for robotics sensors is said to be around $510 million this year, and is forecast to reach .approximately $840 million by 2022.

Market research reports: A roundup of the latest surveys about the robotics and automation industry

There seems to be an increasing number of reports about the robotics and automation market, each looking at different segments, often in a different way. 

It’s difficult to keep track of them all, let alone look too deeply into them and evaluate the data contained within.

So, it seems best to list all the reports currently making the headlines, and maybe readers can decide which ones are relevant and useful to them.  Continue reading Market research reports: A roundup of the latest surveys about the robotics and automation industry

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 of 37.73 percent.  Continue reading Robotics-related investment fund reaches $1.5 billion worth of assets under management

Worldwide spending on robotics to exceed $230 billion in 2021, says IDC

A new update to the International Data Corporation Worldwide Semiannual Commercial Robotics Spending Guide forecasts worldwide purchases of robotics, including drones and robotics-related hardware, software and services, will total $97.2 billion in 2017, an increase of 17.9 per cent over 2016.

IDC expects robotics spending to accelerate over the five-year forecast period, reaching $230.7 billion in 2021 with a compound annual growth rate compound annual growth rate of 22.8 per cent.

“The convergence of robotics and artificial intelligence & machine learning are driving the development of the next generation of intelligent robots for industrial, commercial, and consumer applications,” said Dr Jing Bing Zhang, research director, robotics at IDC manufacturing insights.  Continue reading Worldwide spending on robotics to exceed $230 billion in 2021, says IDC

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.

(Main picture courtesy of ZDNet.)

Kinova Robotics raises $25 million for expansion plans

 

Kinova Robotics, a designer and manufacturer of robotic solutions, has raised additional funds of $25 million for further expansion.

The money came from four major contributors, including lead investor Fonds Manufacturier Québécois; co-investors KTB Network, and Foxconn; and BDC Capital, the investment arm of BDC.

Kinova says 90 per cent of its business is exports, so establishing an office outside its native Canada is a priority.

Kinova CEO Charles Deguire says: “We want our users to achieve the extraordinary with our robots – creating more value for themselves and our society.  Continue reading Kinova Robotics raises $25 million for expansion plans

IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

 

The International Federation of Robotics’ new report into the global industrial robotics market predicts significant growth in the collaborative robotics segment.

Universal Robots is widely regarded as the market leader in collaborative robots, having been the first to launch such machines almost 10 years ago and having sold more than 10,000 units since.

Having started out in Denmark, Universal Robots is now part of the US industrial giant TeradyneContinue reading IFR’s projected growth of collaborative robots market ‘in line’ with Universal expectations

By 2020, 1.7 million new robots will be roaming the earth

 

The global robot population is growing at what some might say is an alarming rate. 

As well as the countless millions already tucked away in factories and homes everywhere, there could be another 2 million added to that number by the end of the decade, which may or may not coincide with the end of humanity’s control over the planet and a ceremonial transfer of power to the robots and artificial intelligence.

Purely ceremonial, since some people say they already rule over us anyway.  Continue reading By 2020, 1.7 million new robots will be roaming the earth

Markets update: Investments in robotics and related technologies

 

By investment analysts at Market News Updates

The robotics sector has experienced record growth in the US, partly as a result of the government’s a policy of discouraging manufacturers from leaving the country.

As a result, American businesses have turned towards robotics and automation technologies to cope with rising labor costs.

Because of this, investors positioned in companies pursuing robotics, retail automation and artificial intelligence technologies are rewarded with new 52-week highs.  Continue reading Markets update: Investments in robotics and related technologies

Embedded computing market to grow over $200 billion by 2022

 

The global embedded computing market will grow to more than $200 billion by 2022, according to a new report.

The sectors accounting for a significant portion of the expected growth will be automotive and industrial.

The report, Embedded Computing Market, is by Acumen Research and Consulting, which says the market will grow at an annual rate of 6 per cent over the forecast period of 2015 to 2022.  Continue reading Embedded computing market to grow over $200 billion by 2022

Robotics investment fund grows to $450 million since launch one year ago

 

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 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic IndexContinue reading Robotics investment fund grows to $450 million since launch one year ago