Robotics & Automation News

Market trends and business perspectives

Archives for May 3, 2021

Path Robotics raises $56 million to ‘lead American manufacturing into the future’

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Path Robotics, the Columbus, Ohio-based artificial intelligence and robotics company responsible for designing “the world’s first truly autonomous robotic welding system”, has received $56 million dollars in Series B funding, bringing the total invested in the company to $71 million.

Investment company Addition led the round and was joined by returning investors Drive Capital, Basis Set, and Lemnos Lab.

Lee Fixel of Addition says: “Path Robotics is solving a complex and critical problem in our country by bridging the gap between the supply of skilled welders and demand. [Read more…] about Path Robotics raises $56 million to ‘lead American manufacturing into the future’

Darpa selects eight teams for $3.5 million prize competition

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Darpa has selected eight teams to compete for a prize competition in which the winner will receive $2 million, the runner-up will get $1 million, and third place will earn half a million dollars.

The Darpa Subterranean (SubT) Challenge Systems Competition Final Event will be held on September 21-23, 2021, when the teams’ robots will have to quickly navigate unfamiliar underground environments at the Louisville Mega Cavern in search of common items including backpacks, cell phones, trapped survivors, and even invisible gas.

Those who find and identify the most items will win prizes of $2 million for first place, $1 million for second place, and $500,000 for third place. [Read more…] about Darpa selects eight teams for $3.5 million prize competition

EasyMile raises €55 million to scale up its autonomous vehicles business

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EasyMile, a developer of driverless vehicle solutions for material handling and shared passenger transport, has closed a €55 million Series B funding round.

Led by Searchlight Capital Partners, a private investment firm, with McWin and NextStage AM, the round saw all EasyMile’s earlier investors, including Alstom, Bpifrance and Continental, also participating.

The funding will facilitate the completion of EasyMile’s product and technology roadmap while accelerating its international expansion and client service. [Read more…] about EasyMile raises €55 million to scale up its autonomous vehicles business

Volkswagen to design its own chips for autonomous vehicles

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Automotive giant Volkswagen is planning to design its own chips for autonomous vehicles, according to a report in German newspaper, Handelsblatt.

VW’s CEO, Herbert Diess, is said to have “ordered” the company to “launch the next revolution after electromobility”, and Handelsblatt says that Diess “wants to create the fully networked and self-steering vehicle with its own processor”.

Diess told Handelsblatt: “To achieve optimal performance in light of the high demands that exist for cars, software and hardware have to come out of one hand.” [Read more…] about Volkswagen to design its own chips for autonomous vehicles

GSR rescues its deep-sea manganese mining robot

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GSR, the deep-sea exploratory division of the DEME Group, has successfully recovered its prototype deep-seabed mining robot – which had become uncoupled from a cable connecting it to a surface vessel – from the floor of the Pacific Ocean.

Patania II – GSR’s purpose-built prototype nodule collector – is currently being trialled in 4,500 metre water depth in the Clarion Clipperton Zone (CCZ) of the Pacific Ocean.

On its final dive in the GSR area on 25 April, a lifting point separated and Patania II was uncoupled from the 5 km cable that connects it to the surface vessel. [Read more…] about GSR rescues its deep-sea manganese mining robot

Hirebotics’ new ‘Cobot Welder’ can be used through smartphone app

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Hirebotics says its Cobot Welder system delivers advanced robot welding through an “easy-to-use” smartphone application.

The company says that the robotic welding system, powered by Beacon, is a complete, user-friendly collaborative robot welding system that enables “painless automated welding deployments”.

Rob Goldiez, co-founder and CEO, Hirebotics, says: “The Cobot Welder is a major leap forward in easy-to-use welding automation that combines industrial grade robot welding functionality with consumer level ease-of-use and a phenomenal price point.” [Read more…] about Hirebotics’ new ‘Cobot Welder’ can be used through smartphone app

Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

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Toyota is accelerating its autonomous vehicle plans through its acquisition of Lyft’s Level 5, according to research company GlobalData. 

Toyota Motor’s tech investment arm, Woven Planet Holdings, has agreed to acquire shared mobility giant Lyft’s self-driving vehicle division Level 5 for $550 million.

In response to the news, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, offers her analysis. [Read more…] about Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

Toyota to acquire Lyft’s self-driving car division

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Lyft has signed an agreement with Woven Planet, a subsidiary of Toyota Motor Corporation, for the acquisition of Lyft’s self-driving vehicle division, which is named “Level 5” in reference to the SAE’s definitions of levels of autonomous vehicles.

The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving technology.

Logan Green, Lyft co-founder and CEO says: “Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. [Read more…] about Toyota to acquire Lyft’s self-driving car division