Robotics & Automation News

Market trends and business perspectives

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Diligent Robotics raises $3 million seed funding to launch Moxi the hospital robot

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Startup company Diligent Robotics has raised $3 million in seed funding to launch “Moxi”, the company’s hospital robot.

Diligent Robotics describes itself as an artificial intelligence company which builds socially intelligent robots that help people with their jobs.

Its first product, hospital robot assistant named Moxi, is now out of beta and into market, beginning with the roll-out of Moxi into a Texas hospital starting October 2, 2019. [Read more…] about Diligent Robotics raises $3 million seed funding to launch Moxi the hospital robot

Autonomous vehicles simulator Applied Intuition raises $40 million in funding

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Applied Intuition, a provider of a simulation platform for autonomous vehicle development, has raised $40 million in Series B financing.

The funding round was led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures, and La Famiglia.

Previous investors, Andreessen Horowitz, Lux Capital, and Floodgate, also participated in this round. [Read more…] about Autonomous vehicles simulator Applied Intuition raises $40 million in funding

CMR Surgical raises $240 million in Series C financing

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CMR Surgical, the maker of the “Versius” robotic surgery system, has raised $240 million in its latest funding round.

The company says the new money will enable it to fully fund the global commercialisation of the business.

Since the last funding round in May 2018, CMR Surgical has further accelerated its growth in order to achieve its mission of bringing minimal access surgery to patients around the world. [Read more…] about CMR Surgical raises $240 million in Series C financing

Yamaha taps into its $100 million fund to invest in Advanced Farm Technologies

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Yamaha is using part of its $100 million investment fund to buy a stake in Advanced Farm Technologies.

Yamaha Motor Ventures & Laboratory Silicon Valley led the Series A funding round for the startup.

Yamaha says this latest investment reflects the company’s “core interest in businesses driving innovation in the agricultural sector. [Read more…] about Yamaha taps into its $100 million fund to invest in Advanced Farm Technologies

Robert Bosch Venture Capital leads growth funding round in MegaRobo

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Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group, is leading a growth financing round in MegaRobo. 

The Chinese high-tech robotic company with over 100 employees is headquartered in Beijing and integrates cutting-edge machine vision and artificial intelligence (AI) to provide modular automation solutions for lab automation, smart retail and light industrial sectors.

“MegaRobo’s technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC managing director Dr Ingo Ramesohl.

[Read more…] about Robert Bosch Venture Capital leads growth funding round in MegaRobo

BASF invests in quantum computing startup Zapata

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BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc.

Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as well as specific applications for Global 1000 companies to effectively use a range of emerging quantum computing hardware.

By investing in Zapata, BASF Venture Capital supports BASF’s strategic goal to take advantage of the opportunities that digitalisation offers along the entire value chain.

[Read more…] about BASF invests in quantum computing startup Zapata

Samsung moves into the vertical farming market

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Agricultural innovations are essential for feeding our ever-growing global population.

Especially these days, as industrialisation and global warming continue to negatively affect soil fertility and reduce the amount of arable land.

According to the United Nations, the world’s population is set to reach 9.8 billion by 2050.

[Read more…] about Samsung moves into the vertical farming market

Dyndrite in line to raise $10 million for its 3D design software

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A startup company called Dyndrite is set to raise more than $10 million to bring its computer-aided design software to market.

The privately held Dyndrite says Gradient Ventures, Google’s AI-focused investment fund and an early Dyndrite investor, will lead the company’s $10 million+ Series A financing round.

Cota Capital joins existing investors, Amplify Ventures, The House Fund, and private investor and former president and CEO of Autodesk, Carl Bass.

[Read more…] about Dyndrite in line to raise $10 million for its 3D design software