Rethink Robotics, maker of the Baxter and Sawyer industrial robots, says it has raised new funds for global expansion and new product development
Rethink Robotics has raised $18 million in new funding as part of its Series E financing round.
The new round includes funding from leading asset manager and private equity investment firm, Adveq, as well as contributions from all previous investors, including Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, DFJ, Two Sigma Ventures, GE Ventures and Goldman Sachs.
Hunan Cothink will distribute Sawyer and Baxter robots throughout the country
Rethink Robotics has reached an exclusive agreement with collaborative robotics provider Hunan Cothink Robotics Technology Company to distribute its robots to the entire Chinese manufacturing community.
Rethink Robotics and Hunan Cothink originally announced a partnership in February of this year that awarded Hunan Cothink distribution rights in northern and southern China, but the success of the relationship and the demand for Rethink Robotics’ smart, collaborative robots has led to a new, exclusive deal that covers the entire Chinese geography.
Rethink Robotics says it has reached partnership agreements with 10 separate companies in seven different countries in the past eight months.
Rethink, which makes collaborative robots it gives human names like “Baxter” and “Sawyer”, recently arranged inaugural global channel partner summit in Boston which was attended by more than 30 of its partner companies.
Two-armed collaborative robot making light work of difficult injection moulding tasks
A US manufacturer says its use of the Baxter industrial robot “simplifies complexity” in its factory operations.
Donnelly Custom Manufacturing, a company which specializes in short-run injection molding of thermoplastics for industrial original equipment manufacturers, is using Rethink Robotics’ two-armed Baxter robot for flexible automation at its facility in Alexandria, Minnesota.
Stenner Pump Company, a maker of water treatment pumps, tanks, injection systems and more, is leveraging Rethink Robotics’ two-armed Baxter robot in its manufacturing plant in Jacksonville, Fla. to increase flexibility and efficiency, allowing for quicker product development and delivery.
The team at Stenner Pump is deploying Baxter in a production cell to complete two tasks using each arm simultaneously. Baxter uses one arm to package and place finished parts from an injection molding machine into a bagging machine for final production.
Using the other arm, Baxter begins a three-step machine tending and assembly task by placing a strainer into a fixture and ensuring proper part orientation. Baxter then places a weight into the strainer and waits for the lid to be pressed on to the strainer; finally, the robot removes the finished part and places it into a bin of finished products. Continue reading Two-armed robots: Baxter helps Stenner meet increased demand
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