Robotics & Automation News

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Third Wave Automation raises $40 million in new investment

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Third Wave Automation has closed its Series B financing, a $40 million round led by Norwest Venture Partners with participation from prior investors Innovation Endeavors and Eclipse, along with Toyota Ventures.

Third Wave is a startup company which says it has achieved a “breakthrough in machine learning, computer vision and robotic material manipulation”.

The additional funds will accelerate growth and commercialization efforts. As a part of the changes, Matt Howard, general partner at Norwest Venture Partners, will join Third Wave’s board of directors.

Howard says: “I’ve been tracking Arshan and the team at Third Wave for some time and have been consistently impressed. [Read more…] about Third Wave Automation raises $40 million in new investment

MassRobotics partners with Procter & Gamble to develop automation and manufacturing-related applications

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MassRobotics, a hub for entrepreneurs starting robotics and automation companies, has launched a new partnership with consumer goods multinational Procter & Gamble to collaboratively explore technologies around automation and manufacturing-related applications.

The goal of the partnership is to develop ideas to improve productivity, drive increased value for consumers, accelerate agility from more automation, and allow more flexibility in meeting the manufacturing deadlines of customers.

In addition to exploring and accessing innovations from resident startups, MassRobotics’ overall community will help P&G remain on the cutting-edge of the robotics and automation industry and more closely collaborate with existing P&G robotics partners in Massachusetts. [Read more…] about MassRobotics partners with Procter & Gamble to develop automation and manufacturing-related applications

Project Business Automation: Large Manufacturers Learn to Integrate Disparate Systems

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By Thomas R. Cutler

Much attention has been paid to the small and mid-sized manufacturer. As local and regional job creators that attention has been well-deserved.

However, the reality is large manufacturers continue to represent a significant portion of jobs within the sector, and new solutions geared to their needs are among the most innovative and dynamic.

Project Business Automation (PBA) is a new category of business systems built specifically to support large project-based manufacturers from end-to-end. [Read more…] about Project Business Automation: Large Manufacturers Learn to Integrate Disparate Systems

5 Things to look for in your next POS

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Whether you are switching, growing, or newly setting up shop, here’s what to look for when choosing your POS.

A POS system in retail is much more than just a means to an end—collecting payments and processing transactions. It can also help you optimize your stock, buying habits and even sell more—all ways to increase your profit. If you choose wisely, that is.

We’ll take a look at what a POS system can do for you, and what to look out for specifically if you want your POS system to be a part of your journey to success, rather than only a tool. [Read more…] about 5 Things to look for in your next POS

4 Ways to Improve the Efficiency of Your Auditing Process

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There are several users of the financial statements prepared by a company.

Some of these users include the existing shareholders, potential shareholders, competitors, customers, management, employees, the government, lenders, and the general public.

All these stakeholders can be interested in a company’s financial statements to help them make wise decisions when dealing with the said company. [Read more…] about 4 Ways to Improve the Efficiency of Your Auditing Process

5 Ways Product Packaging Impacts Business Success

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We understand how product packaging affects sales. Because competition will always be high, it is critical to discover the proper solution to capture the attention of your clientele.

Good packaging will not only preserve your product but will also entice consumers to check it out. The shape and color of your product are critical considerations.

Most of the time, it is not just the product’s quality that draws people in, but also the shape of the box, the quality of the materials, and the color palette. [Read more…] about 5 Ways Product Packaging Impacts Business Success

5 Reasons to Use Modern Digital Displays in Your Marketing Efforts

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Today, shopping has taken a major shift, with consumers relying on digital information when selecting products and services to purchase. Business owners employ different marketing methods, including paid advertising, relationship and transactional marketing.

While developing a marketing strategy and plan, it is essential to identify your business goals, research your market, profile potential customers and competitors, and test your ideas.

With the technological advancements, shopping habits have rapidly evolved, with most people shifting to digital spaces due to the convenience and sophistication that comes with them. [Read more…] about 5 Reasons to Use Modern Digital Displays in Your Marketing Efforts

Where Do You Look When You Want to Purchase Cutting-Edge Technology for Your Business?

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More and more people are opening up to the idea that technology can essentially run our businesses solo. If you’re planning on starting a single-person business, then technology is like an employee that never gets tired and never complains.

It’s essential for making certain tasks easier and it can gradually expand as you need it to perform more functions and handle more tasks. However, technology can involve anything from a simple laptop to a cutting-edge piece of machinery that is specific to your use case.

Technology is an extremely generic term of basically anything that we use in our businesses, and this can open up a few misconceptions with terms like “cutting-edge technology”. [Read more…] about Where Do You Look When You Want to Purchase Cutting-Edge Technology for Your Business?

IMI expands to Europe as modernization of distribution centres drives growth

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With the continued global shift towards e-commerce and crippling shortages of qualified workers, operators in the supply chain are investing heavily in technology and automation.

IMI has seen record demand for its agnostic services platform throughout this unprecedented period and has made the move to expand beyond North America.

IMI is pleased to announce its expansion into the European market and to inform the public that they are officially open for business. [Read more…] about IMI expands to Europe as modernization of distribution centres drives growth

Trusted Application and Data Security Verification in the Age of Hacking

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By Yoav Kutner, Founder and CEO of Oro, Inc

To achieve trusted application and data security, B2B eCommerce solutions must examine and identify potentially vulnerable areas of the operation.

Few B2B eCommerce applications are built from the ground up to support sizeable B2B enterprises and complex, multi-level organizational hierarchies with thousands of employees and millions of website customers.

Incorporating multiple levels of enhanced security measures, ensure applications and data are protected, and maintain compliance with privacy regulations. [Read more…] about Trusted Application and Data Security Verification in the Age of Hacking