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Medical Microinstruments secures $75 million to advance robotic microsurgery

July 23, 2022 by Mark Allinson Leave a Comment

Medical Microinstruments, a robotics company dedicated to improving clinical outcomes for patients undergoing microsurgery, says it has raised $75 million in Series B financing.

Deerfield Management led the round with participation from new investors, RA Capital Management and Biostar Capital, as well as existing investors, Andera Partners, Fountain Healthcare Partners, Panakès Partners and Sambatech.

The company also announced the addition of three new members to its board of directors. [Read more…] about Medical Microinstruments secures $75 million to advance robotic microsurgery

Filed Under: Health, News Tagged With: ability, addition, board, business, cameron, capital, company, elbardissi, financing, forward, improve, investors, management, mark, members, microsurgery, mmi, nanowrist, partners, patients, robotic, robotics, round, smallest, surgeon, surgical, symani, system, technology, wristed

Activ Surgical secures $45 million in Series B funding led by Cota Capital

October 18, 2021 by Sam Francis Leave a Comment

Activ Surgical, a digital surgery pioneer, has raised $45 million in a Series B financing round. The Series B round was led by Cota Capital, a multi-stage investment firm focused on private and public modern enterprise technology companies.

Seven new investors, including BAM Funds, Magnetar Capital, Mint Ventures, Castor Ventures, Dream One Vision and Nvidia, join existing investors DNS Capital,Tao Capital Partners, LRVHealth, Rising Tide VC, GreatPoint Ventures and ARTIS Ventures to close out the Series B round of financing.

To date, Activ Surgical has raised a total of $77 million. [Read more…] about Activ Surgical secures $45 million in Series B funding led by Cota Capital

Filed Under: Health, News Tagged With: activ, activinsights, board, capital, cota, including, investors, round, series, software, suite, surgical, team, technology, ventures, yazdani

Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

February 24, 2021 by Sam Francis Leave a Comment

Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.

Founded in 2013 by the current chief executive officer, Tom Wagner, PhD, the former chief technology officer at iRobot, BG is a pure-play robotics company offering fully integrated, AI-based software and hardware solutions to automate business operations in warehouses and logistics fulfillment centers.

The company’s solutions help retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands. BG’s management, engineering, and commercial teams each have extensive robotics expertise and deep industry experience. [Read more…] about Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

Filed Under: Logistics, News Tagged With: acted, advisor, berkshire, bg, board, ceo, chief, companies, company, consumer, current, customers, directors, e-commerce, goods, grey, growth, logistics, meet, officer, operations, provide, raac, robotic, robotics, serving, solutions, systems, today, tom, transaction

Gerald Vogt appointed new CEO of Stäubli Group

December 16, 2020 by Abdul Montaqim Leave a Comment

Stäubli is starting the new year with a new chief executive officer – and it’s someone this website has interviewed before. (See video below.)

Gerald Vogt, previously responsible for the global business of the Robotics Division, will take over as CEO from retiring Rolf Strebel on January 1, 2021.

With Gerald Vogt, an experienced manager from within the company’s own ranks will take over the management of the diversified and growing family-owned company. [Read more…] about Gerald Vogt appointed new CEO of Stäubli Group

Filed Under: Industrial robots, News Tagged With: board, business, ceo, directors, division, gerald, global, group, management, manager, responsible, robotics, rolf, staubli, strebel, vogt, years

Arrow Electronics and Exor launch IoT edge platform for smart factories

June 5, 2020 by David Edwards Leave a Comment

Arrow Electronics has collaborated with Exor Embedded to create gigaSOM gS01, a full production design and an additional development kit featuring a high-performance, energy-efficient system on module (SOM) for IoT edge deployments.

The SOM combines the power and efficiency of the Intel Atom E3900 processor series with the flexibility of an Intel Cyclone 10 GX FPGA, connected with a high-bandwidth dual-lane PCIe interface to create a unified high-performing engine.

gigaSOM gS01 is a combined X86 CPU and Intel high-speed FPGA design on a single system on module. [Read more…] about Arrow Electronics and Exor launch IoT edge platform for smart factories

Filed Under: Computing, News Tagged With: board, cloud, corvina, cpu, cyclone, design, exor, fpga, gb, gigasom, gs, gx, high-speed, intel, iot, mm, module, multiple, platform, processor, single, som, support, technology, users

Mitsubishi and NTT take 30 per cent stake in HERE Technologies

June 2, 2020 by Mai Tao Leave a Comment

HERE Technologies says Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation have completed their joint acquisition of a 30 per cent ownership stake in the company, after receiving regulatory approvals.

HERE welcomes Mitsubishi and NTT as strategic investors. The two companies have co-invested in HERE via their recently established, jointly owned holding company COCO Tech Holding in the Netherlands.

As a result, HERE now has nine direct and indirect shareholders: Audi, Bosch, BMW Group, Continental, Intel Capital, Mitsubishi, Mercedes-Benz, NTT and Pioneer.​ [Read more…] about Mitsubishi and NTT take 30 per cent stake in HERE Technologies

Filed Under: Computing, News Tagged With: ambitions, board, ceo, companies, company, corporation, executive, group, growth, holding, investors, mitsubishi, ntt, president, strategic, technologies

DB Schenker invests in Volocopter as drone startup builds funds up to €87 million

May 26, 2020 by David Edwards Leave a Comment

DB Schenker, a global logistics company, has invested in Volocopter, a startup developing a new type of passenger-carrying drone which can also be used for good distribution.

DB Schenker says its investment shows that it is “a pioneer of urban air mobility”. With the new investment, Volocopter has extended its Series C funding to now a total of €87 million.

Besides DB Schenker, Mitsui Sumitomo Insurance Group, MS&AD Ventures, and TransLink Capital (Japan Airlines and Sompo Japan Insurance) join the round as new investors, existing investors Lukasz Gadowski and btov also invested. [Read more…] about DB Schenker invests in Volocopter as drone startup builds funds up to €87 million

Filed Under: Logistics, News Tagged With: advisory, air, board, ceo, company, db, drone, funding, future, global, jochen, logistics, mobility, public, schenker, thewes, urban, volocopter, volodrone

Continental opens new tire plant in Mississippi

October 24, 2019 by Sam Francis

Continental, technology company and manufacturer of premium tires, celebrated what it describes as “a major milestone” for its new tire plant near Clinton, Mississippi, with a grand opening ceremony last week.

The celebration marks the completion of the construction process, which began in 2016. Approximately 300 guests, including state and local officials, along with community members, customers, and suppliers as well as 250 Continental employees joined the event.

The new plant is located on a 1,000-acre greenfield site in Clinton, close to Jackson, the capital of Mississippi, United States. [Read more…] about Continental opens new tire plant in Mississippi

Filed Under: Infrastructure, News Tagged With: americas, board, clinton, commercial, continental, executive, growth, mississippi, plant, president, production, tire, tires, truck, vehicle

DB presents ‘world’s first autonomous electric truck’

July 4, 2019 by Anna

DB Schenker has presented the world’s first autonomous electric truck, the T-Pod, to a wide industry audience in Germany for the first time at a transport logistics trade show in Munich in June.

The T-Pod was developed in cooperation with Einride, a Swedish startup. It is the world’s first truck approved for commercial use on public roads.

Alexander Doll, member of the management board for finance, freight transport and logistics, says: “We want to be a reliable partner for our customers in the logistics, freight transport and infrastructure segments now and in the future. We have set out to implement new ideas and innovative technology to become better, day after day.”

Filed Under: News, Transportation Tagged With: autonomous, board, day, db, db schenker, einride, electric, electric autonomous vehicle, freight, infrastructure, logistics, management, t-pod, transport, truck, worlds

Volkswagen to invest €1 billion in new battery cell production facility

May 14, 2019 by David Edwards

Volkswagen is planning to move into the battery cell manufacturing market with an investment of €1 billion in a new production facility in Europe.

The automotive giant will set up the battery cell production facility in the Lower Saxony region of its native Germany.

The company is working with the local government to choose a suitable location for the factory complex, and is likely to partner with businesses from relevant sectors.

[Read more…] about Volkswagen to invest €1 billion in new battery cell production facility

Filed Under: Manufacturing, News Tagged With: automotive, battery, billion, board, business, capacities, cell, cells, chairman, company, decision, decisions, electrification, europe, facility, germany, industry, innovative, location, lower, production, saxony, secure, set, supervisory, support, time, today, transformation, volkswagen, vw

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Latest news

  • Scythe Robotics secures $42 million new financing to accelerate production of zero-emissions autonomous mower
  • Mining robotics company Nabors acquires digital twin developer MindMesh
  • Lockheed Martin Ventures invests in on-demand manufacturing startup Machina Labs
  • Unlocking the Benefits of Static Residential Proxies for the AI revolution
  • 2023 Predictions & Forecasts: Five challenges for warehouse management, according to AutoStore
  • Mercedes-Benz becomes ‘world’s first’ automotive company to certify SAE Level 3 system for US market
  • Universal Robots reports record annual revenue of $326 million
  • Berkshire Grey and Locus Robotics combine to offer ‘industry-first’ cross-platform robotic automation
  • Fox Guest Posting: The Best Service Providers for Your Blogging Needs
  • 16+ Best Business Card Templates for Google Docs (Word) & Slides

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