Lidar developer Ouster backed by Cox Enterprises raises $27 million

A startup company called Ouster has raised $27 million in its Series A funding round, led by Cox Enterprises, a diversified company which has a very large automotive business unit. 

Ouster is a developer of light detection and radar systems, or lidar, which is said to be a critical component in many new technologies, including autonomous cars. A lidar unit can often be seen on top of self-driving cars, and looks a bit like a siren light.

Ouster’s new product is called OS1 Lidar, which is likely to find wide application as a perception technology for the autonomous vehicle and robotics sectors.  Continue reading Lidar developer Ouster backed by Cox Enterprises raises $27 million

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 the round.  Continue reading Locus Robotics raises another $25 million in funding

Brain Corp raises $114 million to develop self-driving technology for robots

Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.

Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.

The investment will be used to further develop AI technology and create brains for multiple types of commercial and consumer robots.  Continue reading Brain Corp raises $114 million to develop self-driving technology for robots

BMW and General Electric invest in Xometry manufacturing marketplace

 

bmw i cars 2

An online marketplace which offers custom-manufactured parts using 3D printing and machine learning to generate instant price quotes has raised $15 million in its latest funding round. 

Relatively new startup company Xometry – which rhymes with geometry and is pronounced zometry – has raised a total of $38 million since it was established in 2013.

The company already generates approximately $20 million in annual revenue and has hundreds of providers and more than 5,000 customers.  Continue reading BMW and General Electric invest in Xometry manufacturing marketplace

Rethink Robotics raises $18 million in new funding

scott eckert, sawyer robot
Scott Eckert with Sawyer, Rethink Robotics’ new collaborative industrial robot

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.

The funding will support Rethink’s global expansion initiatives and new product development, says the company.  Continue reading Rethink Robotics raises $18 million in new funding