Robotics & Automation News

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Avidbots raises $70 million in latest funding round

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Avidbots, one of the world’s leading robotics companies, today announced it has raised $70 million in Series C funding.

The financing was led by Jeneration Capital, with strong participation from existing investors True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, and Kensington Capital Partners.

New investors – BMO Capital Partners, Golden Vision Capital and Nicola Wealth – also joined in the latest funding round. With this financing, Avidbots has raised more than $107 million to date. [Read more…] about Avidbots raises $70 million in latest funding round

Peer Robotics raises $2.3 million in seed funding round

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Peer Robotics, a new mobile robotics solution for manufacturing, has raised $2.3 million in seed funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innovations and Innopact VC.

Rishabh Agarwal, co-founder, and CEO of Peer Robotics, says: “Small and medium-size companies are struggling with the labor shortage today, not to mention high turn-over.

“Also, many operations are still manual with employees operating at a high risk of injuries and fatigue. Solutions to date have been too expensive and complex. [Read more…] about Peer Robotics raises $2.3 million in seed funding round

Scythe Robotics receives 7,000 orders for its autonomous law mowers

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Scythe Robotics has received 7,000 orders for its autonomous law mowers, according to a report The Denver Post website.

The startup company says it plans to expand its manufacturing facility in Colorado to be able to handle the orders, adding that its mowers have received strong interest from all across the United States.

Scythe Robotics specializes in building commercial-grade autonomous robotic solutions for the landscaping industry, and its first offering is an all-electric, fully autonomous mower, designed completely in-house. [Read more…] about Scythe Robotics receives 7,000 orders for its autonomous law mowers

Bosch makes $250 million available for startups

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Despite the challenging business environment, the Bosch Group is raising its venture-capital funding for the current business year: its subsidiary Robert Bosch Venture Capital (RBVC) is setting up a new fund for startups; the fund has a volume of 250 million euros (approximately $250 million).

As a provider of venture capital, Bosch supports startups around the world whose technologies have the potential to improve quality of life and conserve natural resources.

“Our investments in startups promote technological progress in business and society,” says Dr Stefan Hartung, chairman of the board of management of Robert Bosch. “And we ourselves also benefit from this collaboration, since solutions to ever more complex tasks can frequently be found faster, more efficiently, and better in partnership with others.” [Read more…] about Bosch makes $250 million available for startups

SLAMcore raises $16 million to give spatial understanding to robots and the metaverse

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SLAMcore, a developer of vision-based location and mapping for robots and autonomous machines, has raised $16 million in Series A capital.

The company says the funding will allow the business to rapidly capitalize on its proven technology which combines AI with consumer-grade cameras, sensors and processors to solve the complex challenges of mapping and navigating for a wide range of autonomous machines and devices.

The funding round was led by ROBO Global Ventures and Presidio Ventures who invested alongside Amadeus Capital, Global Brain, IP Group, MMC and Octopus. Strategic investors Samsung Ventures, Toyota Ventures, and Yamato Holdings also joined the round. [Read more…] about SLAMcore raises $16 million to give spatial understanding to robots and the metaverse

Medical Microinstruments secures $75 million to advance robotic microsurgery

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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

Intelligent City raises $30 million to bring robotics and automation to prefabricated construction sector

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With pressure mounting for cities to address affordable housing needs, decarbonize buildings, and meet sustainability goals, housing technology company Intelligent City raised CAD 22 million ($17 million), bringing the total capital invested in the company to CAD 30 million ($23 million).

As one of the first companies in North America to apply automation and robotics to the design and manufacturing of prefabricated mass timber buildings, Intelligent City will use the funding to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada.

Earlier this year, the company completed testing of its building systems and is now verified to work within the new mass timber high-rise building codes in Canada and the US. [Read more…] about Intelligent City raises $30 million to bring robotics and automation to prefabricated construction sector

Fictiv secures $100 million in funding to solve ‘urgent supply chain risks’

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Fictiv, a provider of on-demand manufacturing, has closed a $100 million Series E funding round.

Fictiv says this investment will advance its mission to accelerate product innovation with an expanded focus on decreasing supply chain risk through its best-in-category technology and product experience.

This unique combination of benefits helps Fictiv’s customers tackle both the continuous, competitive pressures to innovate faster and address the relentless, daily supply chain disruptions. [Read more…] about Fictiv secures $100 million in funding to solve ‘urgent supply chain risks’

FarmWise raises $45 million to expand AI-powered farm equipment

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Farm automation startup FarmWise Labs has completed an oversubscribed $45 million Series B funding round, led by leading ag-tech venture firms Fall Line Capital and Middleland Capital, with participation from GV and Taylor Farms, a grower and processor of leafy greens and fresh vegetables.

Existing investors Calibrate Ventures, Playground Global, SVG Ventures and the venture arm of Wilbur Ellis also participated in the round. To date, FarmWise has raised $65 million in equity.

With this round, Clay Mitchell, co-founder and managing director of Fall Line Capital and a fifth-generation Iowa farmer joins the FarmWise board of directors. [Read more…] about FarmWise raises $45 million to expand AI-powered farm equipment

Hai Robotics raises more than $100 million in D+ financing round

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Hai Robotics, the developer of its own Autonomous Case-handling Robot (ACR) systems for warehouse logistics, has raised more than $100 million in a D+ round of financing.

The lead investor is Capital Today, and co-investors include a top US dollar fund and existing shareholders including 5Y Capital, Source Code Capital, Sequoia Capital and 01VC.

This is the third round of financing it has obtained within the past 12 months. [Read more…] about Hai Robotics raises more than $100 million in D+ financing round