Sarcos Robotics raises $25 million in funding from the likes of Microsoft and General Electric

Sarcos Robotics exoskeleton
The Sarcos Robotics exoskeleton, or dexterous robotic system

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”.  Continue reading Sarcos Robotics raises $25 million in funding from the likes of Microsoft and General Electric

Clearpath Robotics raises $30 million to expand Otto self-driving logistics vehicle technology

clearpath-otto-industry-4

Funding from iNovia Capital, Caterpillar Ventures, GE Ventures and previous investors will expand new Otto Motors division

Clearpath Robotics, a leading provider of self-driving vehicle solutions, announced today the completion of a $30 million investment led by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank.

Clearpath will use the funding to grow the company’s industrial division, Otto Motors. Clearpath launched Otto Motors in 2015 to focus on self-driving vehicles for material transport inside manufacturing and warehouse operations.

Matt Rendall, CEO and co-founder of Clearpath, says: “Factories operate like small indoor cities, complete with roads, traffic, intersections and pedestrians.

“Unlike city streets, a factory floor is a controlled environment, which makes it an ideal place to introduce self-driving vehicles at scale. Companies like Google, Tesla and Uber are still testing, whereas our self-driving vehicles are commercially available today.”  Continue reading Clearpath Robotics raises $30 million to expand Otto self-driving logistics vehicle technology

Caterpillar, GE and Microsoft invest in Sarcos Robotics exoskeleton

sarcos guardian exoskeleton

Sarcos Robotics says its Guardian exoskeleton (pictured) will be capable of lifting hundreds of pounds when it is commercially available

Sarcos Robotics, a developer of dexterous industrial robots for use in unstructured environments, has secured $10.5 million in funding from a group of top-tier strategic investors including Caterpillar Ventures, GE Ventures, and Microsoft.

Additionally, Cottonwood Technology Fund and two other private investment firms, together with the company’s three co-founders, Ben Wolff, Dr Fraser Smith and Dr Marc Olivier, invested in the financing round.

The company says the infusion of capital will be used to expand the Sarcos team and to accelerate the production and deployment of Sarcos’ Guardian line of robots that are significantly reducing the risk of injury and the cost of performing many of the world’s most dangerous and difficult tasks.  Continue reading Caterpillar, GE and Microsoft invest in Sarcos Robotics exoskeleton

Caterpillar to use Dassault Systèmes 3DExperience platform

caterpillar autonomous truck
That’s not a toy truck… a Caterpillar autonomous truck next to a real truck

Caterpillar, one of the world’s largest manufacturers of construction and mining equipment, much of which is robotic or autonomous, is to use Dassault Systèmes 3DExperience software. 

Dassault says the industrial giant has chosen the platform because its powerful 3D mock-up capabilities and product lifecycle management (PLM) features were essential to its requirements.

Dassault has been particularly keen to demonstrate its software’s simulation capabilities, having launched “single source for speed” system, featuring Simulia applications. These will enable enable Caterpillar to virtually evaluate the performance, quality and durability of future products before committing to physical prototypes, says Dassault.  Continue reading Caterpillar to use Dassault Systèmes 3DExperience platform