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MassTech and Healey-Driscoll Administration award more than $3.5 million to manufacturers across Massachusetts

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The Healey-Driscoll Administration and MassTech Collaborative’s (MassTech’s) Center for Advanced Manufacturing (CAM) announced more than $3.5 million in grants to 23 manufacturing companies through the Massachusetts Manufacturing Accelerate Program (MMAP), which aims to strengthen supply chains and spur growth in the manufacturing sector.

The grants will support the creation of up to 130 advanced manufacturing jobs in Massachusetts and training for up to 151 workers.

Massachusetts Economic Development Secretary and MassTech board chair Yvonne Hao announced the awards during the fourth annual Manufacturing Mash-Up, an annual event hosted by CAM that brings together companies, students, and state officials to foster innovation and strengthen partnerships in the manufacturing sector. [Read more…] about MassTech and Healey-Driscoll Administration award more than $3.5 million to manufacturers across Massachusetts

Siemens and Voltaiq collaborate to optimize battery manufacturing

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Siemens Digital Industries Software is collaborating with Voltaiq to “accelerate battery manufacturing” by combining their strengths to offer unparalleled capabilities for battery manufacturing-focused companies.

This collaboration aims to bring together the production-proven capabilities of both Siemens’ Insights Hub and Voltaiq’s Enterprise Battery Intelligence (EBI), customers can gain access to unparalleled capability specific to battery-domain companies to help rapidly scale operations smoothly, from initial testing to full-scale production lines.

Raymond Kok, SVP and managing director, cloud and edge foundational services, Siemens Digital Industries CTO, says: “Our collaboration with Voltaiq aligns with Siemens’ ongoing mission to continue delivering Industrial IoT value. [Read more…] about Siemens and Voltaiq collaborate to optimize battery manufacturing

Nvidia and Hexagon launch new technologies to accelerate industrial digitalization

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Sweden’s Hexagon is connecting its reality capture and manufacturing platforms to Nvidia Omniverse so enterprises can more easily develop and deploy digital twin applications.

For industrial businesses to reach the next level of digitalization, they need to create accurate, virtual representations of their physical systems.

Nvidia is working with Hexagon, the Stockholm-based global leader in digital reality solutions combining sensor, software and autonomous technologies, to equip enterprises with the tools and solutions they need to build physically accurate, perfectly synchronized, AI-enabled digital twins that can be used to transform their organizations. [Read more…] about Nvidia and Hexagon launch new technologies to accelerate industrial digitalization

Mitsubishi Electric agrees strategic investment in Otto Motors to accelerate industrial automation

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Mitsubishi Electric, a factory automation solutions provider, has agreed a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, Otto Motors.

With more than 4 million hours of production experience, Otto Motors’ pioneering autonomous mobile robot (AMR) technology and award-winning software are used by Fortune 500 companies to deliver productivity and safety in material handling operations.

The investment expands the strategic relationship between Otto Motors and Mitsubishi Electric, and strengthens the two companies’ commercial collaboration. [Read more…] about Mitsubishi Electric agrees strategic investment in Otto Motors to accelerate industrial automation

Swiss agritech startup Ecorobotix raises $52 million in new funding

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Ecorobotix, the Swiss manufacturer of ARA, an AI powered plant-by-plant recognition and a precision smart sprayer system, has completed a $52 million (CHF 46 million) funding round.

The round was jointly led by AQTON Private Equity and Cibus Capital, with additional investments from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, and from existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX Ventures, and Verve Ventures.

The funding will accelerate Ecorobotix’s geographic expansion across new and existing markets and accelerate new product development. [Read more…] about Swiss agritech startup Ecorobotix raises $52 million in new funding

Distalmotion raises $150 million for its robotic surgery system

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Distalmotion has raised $150 million in new financing.

The company says this “significant fundraise reinforces the confidence” of its existing investors led by Revival Healthcare Capital.

Dexter, Distalmotion’s robotic platform, is in day-to-day clinical use in Europe, successfully treating patients across a multitude of complex and high-volume procedures in general surgery, gynecology, urology. [Read more…] about Distalmotion raises $150 million for its robotic surgery system

Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

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One of the fastest growing companies in the global robotic and digital surgery space, Ronovo Surgical, recently raised new financing to accelerate its vision of broad, cross-specialty adoption of robotic-assisted surgery.

The latest round of financing arms Ronovo with more than $50 million raised since 2020. Led by LongRiver Investments (LRI), this round garnered continued support from existing investors – Lilly Asia Ventures, Vivo Capital, Matrix Partners China and GGV Capital – with CEC Capital acting as exclusive financial advisor.

Exiting stealth mode, Ronovo unveils its inaugural robotic platform – Carina, an innovative modular system built on proprietary technology to enable configurable robotic assistance for laparoscopic surgeries across multiple specialties. [Read more…] about Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

Pickle Robot raises $26 million to develop robotics for unloading trucks

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Pickle Robot, a startup developing robotic automation systems that unload trucks, says it has “live pilot implementations” which are unloading tens-of-thousands of packages per month at customer sites in the greater Los Angeles area.

The company says it has also raised $26 million in series A funding led by Ranpak, JS Capital, Schusterman Family Investments, Catapult Ventures, and Soros Capital.

Additionally, Pickle Robot has added growth-oriented industry veterans to its leadership team to accelerate commercialization of the company’s flagship robotic unload systems. [Read more…] about Pickle Robot raises $26 million to develop robotics for unloading trucks

Pony.ai and SAIC AI Lab to develop fully driverless EV robotaxi

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Pony.ai, a leading global autonomous driving technology company, is collaborating with SAIC AI Lab, a division of SAIC Motor (Shanghai Automotive Industry Corporation), China’s largest auto manufacturer, to jointly explore and advance driverless technology.

Together with SAIC AI Lab, Pony.ai launched a concept vehicle based on the SAIC Marvel R model and will build out a fleet of autonomous vehicles equipped with Pony.ai’s L4-level driverless solutions, over time.

The concept car is equipped with the latest generation of Pony.ai technology, which utilizes 17 integrated automotive-grade sensors to create a 360-degree visual range covering 200 meters, eliminating blind spots around the vehicle. [Read more…] about Pony.ai and SAIC AI Lab to develop fully driverless EV robotaxi

Digital manufacturing startup Bright Machines raises $132 million in new funding

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Bright Machines, a startup which describes itself as “an innovator in software-defined manufacturing”, has raised $132 million in debt and Series B equity funding.

The equity portion of the funding, worth $100 million, was led by Eclipse Ventures. The debt portion of the funding, worth $32 million, was led by Silicon Valley Bank, and Hercules Capital.

Bright Machines intends to use the funds to accelerate the company’s growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio of products. [Read more…] about Digital manufacturing startup Bright Machines raises $132 million in new funding