Robotics & Automation News

Market trends and business perspectives

billion

Ambi Robotics raises $26 million in Series A funding led by Tiger Global

by Leave a Comment

Ambi Robotics, a developer of AI for highly-dexterous robotics, has closed a $26 million Series A funding round. The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund.

The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth.

The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations. [Read more…] about Ambi Robotics raises $26 million in Series A funding led by Tiger Global

Air taxi winners: Watch orders not investment, says IDTechEx

by Leave a Comment

Air taxi operators are unfazed by the 200 or so organizations designing vertical take-off electric aircraft. The IDTechEx report with the big picture is, Manned Electric Aircraft: Smart City and Regional 2021-2041.

Air taxi operators have placed large orders with a company that models itself on Tesla, entirely making born-electric, conventional take-off, fixed-wing aircraft.

Using extreme lightweighting, efficiency, and aerodynamics, Bye Aerospace has over $250 million of orders for two and four-seaters from air taxi operators and flying schools. It spent only $24 million to have certifiable demonstrators aloft.

Bye is so inundated with orders it has just doubled its prices because the aircraft still cost far less per mile than the polluting traditional equivalents. In the US, 11,000 of those are approaching 50 years old and illegality. Bye deliveries start from 2022. [Read more…] about Air taxi winners: Watch orders not investment, says IDTechEx

Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

by Leave a Comment

The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.

The ongoing advancement in technologies is propelling the market growth during the forecast period.

The growing adoption of advanced technologies such as automation, artificial intelligence, machine learning, Robot as a Service (RaaS), and many other technologies are expected to drive market growth during the forecast period. [Read more…] about Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

How has Data Become the World’s Most Valuable Commodity?

by Leave a Comment

The world is packed full of tangible and valuable commodities, with oil offering a relevant case in point. In fact, global oil reserves equated to a staggering 1.7 billion barrels at the end of 2019, creating a vast marketplace that’s one of the most lucrative in the world.

However, we’re currently seeing an exponential rise in the value of intangible and digital commodities, such as cyber and data. The wider world of cyber could achieve a cumulative market value of $280 billion by 2025, while data is now considered to be the globe’s most valuable and vulnerable resource.

Of course, the level of vulnerability surrounding data continues to increase as the resource grows. But just how much data is being processed today, and where does this rank amongst the 10 most traded commodities in the world. [Read more…] about How has Data Become the World’s Most Valuable Commodity?

AutoStore sells 600 robotic systems for warehouses

by Leave a Comment

DSV, a large-scale Danish transport and logistics company, is expanding its position in the third-party logistics market through the use of AutoStore technology.

Implemented by Element Logic, the system uses AutoStore robotics and Element Logic’s proprietary software to provide a leading solution for e-commerce players.

The solution is being implemented in nine countries and represents AutoStore’s 600th system implementation. [Read more…] about AutoStore sells 600 robotic systems for warehouses

Collaborative robotics market set to grow to $8 billion by 2030

by Leave a Comment

Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade.

The market had a global valuation of $475 million in 2020, which will expand to $600 million in 2021 and $8 billion in 2030, with a projected annual growth of 32.5 percent. [Read more…] about Collaborative robotics market set to grow to $8 billion by 2030

Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

by Leave a Comment

The market for autonomous mobile robots performing material handling tasks has expanded greatly in the last few years, with global revenues of $223 million in 2016 expanding to $800 million in 2020, according to a new report by ABI Research.

To help commentators and end users understand the strongest horses in this race, global tech market advisory firm, ABI Research has completed a detailed profile on ten of the most promising autonomous handling robotics vendors: Teradyne, Fetch, Bluebotics, Seegrid, Gideon Brothers, Agilox, Baylo, IAM Robotics, Vecna Robotics, and Forward X. [Read more…] about Teradyne, Fetch, and BlueBotics named as ‘market leaders’ in ABI Research’s autonomous material handling competitive ranking

Mitsubishi Electric to supply elevators and escalators for ‘One Bangkok’ development

by Leave a Comment

Mitsubishi Electric says its subsidiary Mitsubishi Elevator in Thailand has secured a major order from “One Bangkok”, an enormous new development in the capital city.

A joint venture between TCC Assets and Frasers Property, One Bangkok is Thailand’s largest private sector property initiative ever undertaken, setting new benchmarks in design, smart-city living and sustainability.

The fully integrated district is poised to become a global landmark, attracting top-level businesses, tourists and locals alike by seamlessly connecting offices, retail, luxury hotels, residences, as well as cultural spaces. [Read more…] about Mitsubishi Electric to supply elevators and escalators for ‘One Bangkok’ development

Delivery robot company Refraction AI raises $4.2 million

by Leave a Comment

Refraction AI, the robotics startup and creator of the REV-1 autonomous delivery robot, has raised $4.2 million in new seed funding led by Pillar VC.

The company says the capital will be used for customer acquisition, geographic expansion and product development.

Founded in July 2019, Refraction AI solves last-mile delivery logistics with a practical, economical and sustainable application of mobile robot technology. [Read more…] about Delivery robot company Refraction AI raises $4.2 million

Agriculture robotics startup Future Acres looking to raise $3 million

by Leave a Comment

Startup Future Acres is looking to raise $3 million to bring agricultural robotics to the farm industry in order to “optimize workforce efficiency”. 

The initiative to raise up to $3 million in seed capital is being organized through the equity crowdfunding site SeedInvest. The company is producing an autonomous, electric agricultural robotic harvest companion, named Carry, to help farmers gather hand-picked crops faster and with less physical demand.

At a time when farmers are tasked with producing more food than ever before to meet growing global population demands – predicted to get as high as 10 billion people by 2050 – limitations in labor and harvesting tools, in addition to environmental scrutiny, have prevented farmers from staying profitable and scaling their businesses. [Read more…] about Agriculture robotics startup Future Acres looking to raise $3 million

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close