Robotics & Automation News

Market trends and business perspectives

Archives for July 1, 2020

Elementary Robotics raises $13 million for its machine learning and computer vision offerings to industry

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Elementary Robotics, a Los Angeles-based robotics startup, has raised $12.7 million in its Series A funding round led by Threshold Ventures, an early-stage investor in technology companies.

Founded in 2017, Elementary has built a hardware and software platform for applying machine learning and computer vision to the industrial world for intelligent automation of quality and traceability workflows.

The new capital, which also had participation from existing investors Fika Ventures, Fathom Capital and Toyota AI Ventures, is being used to allow Elementary Robotics to continue developing and installing its automation products at scale. [Read more…] about Elementary Robotics raises $13 million for its machine learning and computer vision offerings to industry

Toadi smashes its fundraising goal in 14 minutes flat to raise $1.3 million for lawn robot

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Toadi, an AI-powered yard robot technology with object recognition and security features, has surpassed the goals of its Kickstarter campaign only 14 minutes after the launch.

Being featured on the platform this June 25th, the campaign reached $1,200,000 on the first day and ended up getting featured in the “Projects We Love” section of the Kickstarter platform.

The Toadi self-driving lawn robot works by integrating a camera with artificial intelligence to recognize and avoid objects in front of it, such as trees, animals, and other people. [Read more…] about Toadi smashes its fundraising goal in 14 minutes flat to raise $1.3 million for lawn robot

RIOS raises $5 million to launch robots with ‘human-level dexterity’

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RIOS, a developer of dexterous AI-powered robots for automating assembly lines, has come out of stealth mode and raised $5 million in venture funding.

RIOS, which spun out of Stanford University and was founded by former Xerox PARC engineers, helps customers automate their factories, warehouses, and supply chain operations by installing what it describes as a “new class of highly-dexterous robots” that handle hard-to-automate tasks in unstructured environments.

RIOS not only automates individual lines, but also builds “lights out” factories by partnering with its network of systems integrators. [Read more…] about RIOS raises $5 million to launch robots with ‘human-level dexterity’

The Future of Robotics in Large-Scale Clearing Operations

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Remote-controlled garbage bins used to glide through America’s most beloved theme parks, Disneyland and Walt Disney World, encourage visitors to put trash inside of them, but the widespread usage of robotics in larger-scale cleaning operations, such as land clearance, is still on the horizon.

Large machinery, such as mulchers, backhoes, and bulldozers, is generally utilized to clear spaces for new developments, whether they are industrial, commercial, or residential.

The technology used in these large machines is evolving rapidly, so these big machines do provide impressive performance. However, when it comes to efficient, eco-conscious cleaning and clearing in the future, robotics will surely play a bigger role. [Read more…] about The Future of Robotics in Large-Scale Clearing Operations

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