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Robotics & Automation News

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capital

Osaro raises $16 million to develop machine learning for industrial automation

October 5, 2019 by David Edwards

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

Filed Under: Logistics, News Tagged With: automation, capital, customers, funding, industrial, learning, osaro, picking, robotic, software, vision

Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

August 6, 2019 by David Edwards

Switzerland-based Teralytics has raised $17.5 million for what is described as “the world’s first intelligent mobility operating system”.

innogy Ventures, the venture capital investment arm of innogy Innovation Hub, has invested in Teralytics as part of a $17.5 million funding round. innogy Ventures and innogy Innovation Hub are backed by innogy SE, a leading German energy company.

The round was led by Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group. Other participants included Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar. [Read more…] about Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

Filed Under: Computing, News Tagged With: building, capital, company, data, global, innogy, insights, investors, journeys, mobility, platform, teralytics, transport, venture, ventures

Freedom Robotics receives $6.6 million in seed funding

July 31, 2019 by Anna

Freedom Robotics, which provides cloud and on-device software for monitoring, control and management of robots and robotic fleets, has closed a $6.6m seed round.

The funding was led by Initialized Capital, with Toyota AI Ventures, Liquid 2 Ventures, Andrew Miklas from S28 Capital, and James Lindenbaum, alongside existing investors Green Cow Ventur­e Capital, Justin Kan, Josh Buckley, Kevin Mahaffey, and Arianna Simpson.

Freedom Robotics creates tools and infrastructure that all robotics companies require but are not core to their product or value creation.

[Read more…] about Freedom Robotics receives $6.6 million in seed funding

Filed Under: Computing, News Tagged With: ai, capital, cloud, control, freedom, freedom robotics, funding, initialized capital, management, robotics, robots, seed, toyota, toyota ai ventures, ventures

Robert Bosch Venture Capital leads growth funding round in MegaRobo

July 16, 2019 by Anna

Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group, is leading a growth financing round in MegaRobo. 

The Chinese high-tech robotic company with over 100 employees is headquartered in Beijing and integrates cutting-edge machine vision and artificial intelligence (AI) to provide modular automation solutions for lab automation, smart retail and light industrial sectors.

“MegaRobo’s technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC managing director Dr Ingo Ramesohl.

[Read more…] about Robert Bosch Venture Capital leads growth funding round in MegaRobo

Filed Under: Industrial robots, News Tagged With: ai, applications, automation, bosch, capital, data, industrial, industries, industry, lab, laboratory, manufacturing, market, megarobo, production, rbvc, retail, robert, robert bosch venture capital, robots, round, solutions, start-ups, technologies, venture, vision

Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

July 9, 2019 by Sam Francis

Cowen, a provider of data and information to investors, and tech startup incubator MassRobotics have agreed a partnership to bring together their extensive market knowledge to advance research into the emerging robotics and artificial intelligence industry.

Based in the Boston area, MassRobotics is a global hub for robotics, and the collective work of a group of engineers, rocket scientists, and entrepreneurs focused on the needs of the robotics community.

Jeffrey Solomon, CEO of Cowen, says: “The robotics and artificial intelligence industry is a rapidly expanding market, and one that will define the advancement of manufacturing and services on a global basis. [Read more…] about Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

Filed Under: Industry, News Tagged With: advance, artificial, bring, capital, collective, companies, cowen, emerging, global, growth, industry, intelligence, knowledge, market, markets, massrobotics, provide, robotics, support

Xometry raises $50 million for on-demand parts marketplace

May 24, 2019 by Anna

Xometry, the largest on-demand manufacturing marketplace, has raised $50m in equity funding, led by Greenspring Associates.

The new funding will back efforts to build a platform connecting suppliers to businesses that need prototypes and small runs of parts.

Dell Technologies Capital will also participate in the round, along with all previous venture and strategic investors including BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital. Xometry has raised a total of $113m to date.

[Read more…] about Xometry raises $50 million for on-demand parts marketplace

Filed Under: Manufacturing, News Tagged With: associates, businesses, capital, custom, dell, funding, greenspring, manufacturing, marketplace, on-demand, on-demand manufacturing, parts, raised, somerville, technologies, venture, ventures, xometry

BASF invests in quantum computing startup Zapata

May 16, 2019 by Anna

BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc.

Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as well as specific applications for Global 1000 companies to effectively use a range of emerging quantum computing hardware.

By investing in Zapata, BASF Venture Capital supports BASF’s strategic goal to take advantage of the opportunities that digitalisation offers along the entire value chain.

[Read more…] about BASF invests in quantum computing startup Zapata

Filed Under: Computing, News Tagged With: applications, approach, basf, bit, bits, calculations, capital, classical, computer, computing, efficiently, hardware, investors, limited, number, platform, quantum, quantum computing, qubit, qubits, round, software, venture, ventures, zapata, zapata computing

GM’s autonomous driving business Cruise raises another $1.15 billion

May 7, 2019 by Sam Francis

The autonomous driving business which General Motors acquired three years ago, Cruise, has raised more than $1 billion in its latest funding round, bringing total capital raised to approximately $7 billion.

Cruise says the equity investment of $1.15 billion is from a group comprising institutional investors, including funds and accounts advised by T. Rowe Price Associates, and existing partners GM, SoftBank Vision Fund and Honda.

Dan Ammann, Cruise CEO, says: “Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation.

[Read more…] about GM’s autonomous driving business Cruise raises another $1.15 billion

Filed Under: News Tagged With: autonomous, billion, business, capital, cruise, driving, fund, general motors, gm, investment, raised, self-driving cars, softbank, vision

Veo Robotics could make all industrial robots collaborative

April 15, 2019 by Sam Francis

Traditional industrial robots tend to be very large and potentially dangerous, which is why they tend to be caged off and kept separate from human workers.

But a new company called Veo Robotics says it has the technology to transform traditional industrial robotic arms into safe machines that humans can work alongside, within close proximity.

Veo’s solution could make every industrial robot a collaborative robot. The term “collaborative” is recognized by international standards organizations and usually applies to much smaller, newer types of robots which are specifically designed to safe for humans to work with.  [Read more…] about Veo Robotics could make all industrial robots collaborative

Filed Under: Computing, Features Tagged With: alongside, applies, arms, automate, automation, caged, called, camera, capital, caught, close, collaborative, combination, company, competitors, create, dangerous, designed, developed, direct, environment, full, funding, google, gv, human, humans, including, industrial, industrial robots, international, interview, investors, large, lidar, lux, machines, matter, mccarthy, molly, newer, news, organizations, power, president, proximity, raised, recognized, revolutionary, robot, robotic, robotics, robots, safe, sales, sensors, separate, siemens, size, smaller, software, solution, specially, standards, technology, tend, term, traditional, transform, types, ventures, veo, veo robotics, vice, video, well, work, workers

Clearpath Robotics raises $30 million to expand Otto self-driving logistics vehicle technology

October 5, 2016 by David Edwards

Funding from iNovia Capital, Caterpillar Ventures, GE Ventures and previous investors will expand new Otto Motors division

Clearpath Robotics, a leading provider of self-driving vehicle solutions, announced today the completion of a $30 million investment led by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank.

Clearpath will use the funding to grow the company’s industrial division, Otto Motors. Clearpath launched Otto Motors in 2015 to focus on self-driving vehicles for material transport inside manufacturing and warehouse operations.

Matt Rendall, CEO and co-founder of Clearpath, says: “Factories operate like small indoor cities, complete with roads, traffic, intersections and pedestrians.

“Unlike city streets, a factory floor is a controlled environment, which makes it an ideal place to introduce self-driving vehicles at scale. Companies like Google, Tesla and Uber are still testing, whereas our self-driving vehicles are commercially available today.”  [Read more…] about Clearpath Robotics raises $30 million to expand Otto self-driving logistics vehicle technology

Filed Under: Logistics, News, Transportation Tagged With: capital, caterpillar, clearpath, ge, inovia, market, motors, otto, self-driving, vehicle, vehicles, ventures

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Latest news

  • Bosch and Mercedes-Benz start automated ride-hailing service in San José
  • Plus Automation wins its first robotics-as-a-service contract
  • Mitsubishi Electric unveils new autonomous car for testing new technologies
  • Nokia provides venue to showcase 5G technology for last-mile delivery robots
  • Massive growth in mobile robots expected as 6 million forecast to be shipped in 2030
  • GM and LG agree $2.3 billion partnership to mass-produce car battery cells
  • Nidec completes acquisition of Roboteq
  • Teradyne completes acquisition of AutoGuide Mobile Robots
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