Market trends and business perspectives
HRG Robotics has held its first startup competition, attracting more than 50 investment and technology companies and organisations.
The company says it wants to provide a platform to support innovation and startups.
HRG says startup competitions help connect companies of “great potential” within HRG system with top venture capitalists. [Read more…] about HRG Robotics holds its first startup competition
Geek+, a global provider of advanced robotics for logistics, has closed its Series C funding round at over $200 million in early 2020.
Geek+ continues to lead the industry with the largest fundraising to date, following a $150 million B series in November 2018, already the largest in the industry.
C1 was led by GGV Capital, D1 Capital Partners along with Warburg Pincus in Summer 2019, while C2, finalized earlier this year, was led by V Fund, along with Redview Capital and Vertex Ventures. [Read more…] about Geek+ raises more than $200 million in latest funding round
Kreatize, which claims to be Germany’s largest procurement platform for mechanical engineering, has received a joint investment from Austrian company B&C Innovation Investments (BCII) and the industrialist Martin Ohneberg.
Kreatize says the new investment – which is described as being in the “mid single-digit million” euro range – will enable it to expand its business in Austria.
The procurement of industrial components is often a costly, lengthy and non-transparent process. [Read more…] about Engineering procurement platform Kreatize enters new market with Austrian investors
Dexai Robotics, an artificial intelligence and robotics company focused on commercial kitchen automation, says it has raised $5.5 million in an oversubscribed seed round, led by Hyperplane Venture Capital.
New investors Rho Capital, Harlem Capital, Contour Venture Partners, and NextView Ventures also participated in this financing round. Vivjan Myrto, a managing partner at Hyperplane, joined Dexai’s board of directors.
The company will use the funding to expand its engineering, sales, and product teams, allowing it to serve new cuisines and fuel its growth in the foodservice space. [Read more…] about Dexai Robotics raises $5.5 million to develop commercial kitchen automation solutions
On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.
Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.
Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz
French robotics software startup Balyo has signed a seven-year commercial agreement with Amazon on robotic solutions.
Balyo says the deal is a “decisive step” in its development, and supports the added value of its robotic solutions and will potentially boost their deployment.
Under the agreement, Amazon would obtain the right to subscribe up to 29 per cent of Balyo’s capital depending on the level of potential future orders by Amazon up to €300 million. [Read more…] about Amazon signs up Balyo to provide robotic solutions
Vecna Robotics, the workflow orchestration and self-driving forklift provider, has raised $50 million in Series B funding.
With double-digit annual growth forecast for the mobile robot market over the next five years, the new capital will expand Vecna Robotics’ industry-leading footprint and accelerate the development of new product offerings.
This round is led by Blackhorn Ventures, with participation from new investors Highland Capital and Fontinalis Partners, and additional funding from existing investors Drive Capital and Tectonic Ventures. [Read more…] about Vecna Robotics raises $50 million to expand business
Volvo Group Venture Capital has invested in Apex.AI, a developer of software for autonomous cars and mobility.
Volvo says the investment will fund the development of a “safety-certified software framework for autonomous systems”.
Apex, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of Robot Operating System, an established open source software framework commonly used in robotics and autonomous systems research. [Read more…] about Volvo invests in autonomous car software developer Apex
Gecko Robotics has raised $40 million in funding to develop its energy infrastructure inspection robots.
A Y-Combinator alum, Gecko Robotics raised the $40 million in its Series B round, which was led by Drive Capital.
Gecko already partners with the largest brands in power, oil and gas and manufacturing industries. [Read more…] about Gecko Robotics raises $40 million in funding for energy infrastructure inspection robots
Osaro, a developer of machine learning software for industrial automation – especially robotic picking and vision, has raised $16 million in Series B funding.
The round was conducted with participation from King River Capital, Alpha Intelligence Capital, Founders Fund, Pegasus Tech Ventures, GiTV Fund, and existing investors as well as strategics, bringing total funding to $29.3 million.
Co-founder and CEO Derik Pridmore says the funds will be used to invest in talent acquisition, international deployments, and advancing the Osaro Pick and Osaro Vision product lines to meet customer demands. [Read more…] about Osaro raises $16 million to develop machine learning for industrial automation
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