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Wandelbots raises $84 million in Series C funding round

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Wandelbots, a developer of software for industrial robots, has raised more than $84 million in a Series C financing round.

The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors 83North, Microsoft, Next47, Paua, Atlantic Labs and EQT.

Wandelbots’ no-code approach brings automation to the next level by enabling application experts to teach their robots independently and become robot experts without the need for coding skills. [Read more…] about Wandelbots raises $84 million in Series C funding round

FactoryFix raises $10 million in funding

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FactoryFix, a recruiting platform that helps manufacturing companies hire skilled workers, has announced a $10 million Series A financing.

Grotech Ventures led the round with participation from Capital Midwest, Great North Ventures, Hyde Park Venture Partners, Revolution Rise of the Rest, and JFF Labs. The company has raised $16 million to date.

This funding caps off a year in which the company saw revenue grow by more than 400 percent. FactoryFix now helps hundreds of industrial companies in sectors like automotive, food and beverage, packaging, and warehousing. [Read more…] about FactoryFix raises $10 million in funding

Exotec raises $335 million in Series D funding for its warehouse robots

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Exotec, a warehouse robotics startup, has raised $335 million in Series D funding, and is now valued at $2 billion.

The Growth Equity business within Goldman Sachs Asset Management led the round with follow-on investments from 83North and Dell Technologies Capital.

Exotec says it will use the funds to continue to launch large-scale deployments in North America, Europe, and Asia for global brands. [Read more…] about Exotec raises $335 million in Series D funding for its warehouse robots

Nuro raises $600 million in Series D funding

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Nuro, a startup that has produced an autonomous delivery vehicle, has raised $600 million in its latest funding round. The company is currently valued at almost $10 billion and is building a manufacturing facility in Nevada.

This latest financing round was led by Tiger Global Management with participation from Baillie Gifford, Fidelity Management & Research Company, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Woven Capital, and other existing investors as part of the company’s Series D funding round.

This $600 million financing will support the development and deployment of Nuro’s autonomous delivery service in communities across the country. [Read more…] about Nuro raises $600 million in Series D funding

Apex.AI raises $56.5 million in Series B fundraising round

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Apex.AI, a company developing breakthrough safety-certified software for mobility and autonomous applications, has raised $56.5 million in a Series B fundraising round, bringing the total raised to date to $74 million.

The Series B round was led by Orillion, and included new participation from ZF, Continental, AGCO, Canaan, Lightspeed Venture Partners, Airbus Ventures, Jaguar Land Rover’s InMotion Ventures and others.

Other investments previously announced include Volvo Group Venture Capital, Toyota Ventures and HELLA Ventures, which further form Apex.AI’s world-class group of investors. [Read more…] about Apex.AI raises $56.5 million in Series B fundraising round

ForwardX Robotics raises $31 million in Series C funding round

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ForwardX Robotics, a Beijing-based developer of autonomous mobile robots for warehousing and manufacturing environments, has completed its initial Series C1 funding round, raising $31 million.

The initial round was led by Taikang Life Insurance, with Qualcomm Ventures and Starlight Capital also contributing to the round.

Only seven months after the close of its $63 million Series B round, the latest round of funding brings ForwardX to approximately $100 million in total investment since its founding in 2016. [Read more…] about ForwardX Robotics raises $31 million in Series C funding round

Foxconn invests in wireless power startup’s $25 million Series B funding round

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Powermat Technologies, a wireless power technology startup, says Foxconn has made a “significant investment” as part of a $25 million Series B round.

Foxconn Interconnect Technology, the contract manufacturing giant’s connectivity solutions developer,took part in the funding round along with Hudson Sustainable Group, a founding shareholder of Powermat.

Powermat’s innovative wireless power technology is a critical enabler of the smart mobility, autonomous robotics, industrial drones, medical devices, telecom, and internet of things industries, where Powermat is experiencing exponential growth. [Read more…] about Foxconn invests in wireless power startup’s $25 million Series B funding round

Robotic Research raises $228 million in Series A funding round

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Robotic Research, a developer of autonomous mobility and robotics solutions, has raised $228 million in its Series A funding round – the first outside capital the company has raised.

This funding will drive further innovation and expansion of Robotic Research’s commercial division, RR.AI, which is focused on delivering comprehensive autonomous driving solutions for commercial truck, bus, drayage and logistics vehicles.

Investors in the Series A round include SoftBank Vision Fund 2, Enlightenment Capital, Crescent Cove Advisors, Henry Crown and Company, and Luminar Technologies. [Read more…] about Robotic Research raises $228 million in Series A funding round

Rescale closes $105 million in expanded Series C funding

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Rescale, a provider of intelligent computing for digital R&D with high-performance computing built for the cloud, has raised $105 million in additional funding.

Rescale powers science and engineering breakthroughs with intelligent full-stack automation powered by the near-infinite computing capabilities of hybrid cloud and provides hybrid cloud high performance computing platform enabling intelligent computing for digital R&D.

Rescales has closed $105 million in an expanded Series C funding round, with participation from existing and new investors in the company including Sam Altman, Jeff Bezos, Richard Branson, Paul Graham, Peter Thiel, Fort Ross Ventures, Gaingels, Gopher, Hitachi Ventures, Initialized Capital, Keen Venture Partners, Microsoft M12, Nautilus Venture Partners, Nvidia, Prometheus Capital, Republic Labs, Samsung Catalyst Fund, Solasta Ventures, Yield Capital Partners and more. [Read more…] about Rescale closes $105 million in expanded Series C funding

Supply chain robotics developer Photoneo raises $21 million in Series B funding

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Photoneo, a developer of robotics for warehouse tasks, has raised $21 million in new funding.

The new funding was from AI Capital, IPM Group, Earlybird, Venture to Future Fund, and Credo Ventures as well as all investors who participated in previous investment rounds.

The newly raised capital will accelerate 3D Sensor business and enable expansion of its fully automated fulfillment solutions for warehouses and dark stores – called BrightPick. [Read more…] about Supply chain robotics developer Photoneo raises $21 million in Series B funding

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