Robotics & Automation News

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Scythe Robotics launches with $18.6 million funding to ‘transform commercial landscaping with autonomous mower’

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Scythe Robotics, a builder of commercial-grade autonomous robotic solutions for the landscaping industry, has emerged from stealth with its first offering: an all-electric, fully autonomous mower, designed completely in-house to be “the most advanced, reliable, and sustainable commercial-grade mower in the industry”.

Scythe has also completed its $13.8 million in Series A funding led by Inspired Capital with participation from existing investors True Ventures, Zigg Capital, and Lemnos, bringing the company’s total funding to $18.6 million.

The new investment will be used to grow the company’s existing operations in Texas, Florida and Colorado, expand with new customers, and accelerate development of further products to revolutionize how commercial landscape contractors care for outdoor environments. [Read more…] about Scythe Robotics launches with $18.6 million funding to ‘transform commercial landscaping with autonomous mower’

Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

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Woven Capital, a venture capital unit of Toyota, has made an investment in Ridecell, a platform powering digital transformations and IoT automation for fleet-driven businesses.

Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities.

It is the investment arm of the Woven Planet Group, a Toyota subsidiary which says it is “dedicated to building the safest mobility in the world”. [Read more…] about Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

Beep secures $20 million Series-A investment from Intel and Blue Lagoon

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Beep, a provider of multi-passenger, electric, autonomous mobility solutions, has closed the company’s Series A investment round with Intel Capital and Blue Lagoon Capital, raising $20 million.

The funding will enable Beep to continue the expansion of its autonomous fleet deployments across North America and leverage its learnings to advance passenger mobility service for cities, business districts and campuses at scale.

Beep utilizes a combination of machine learning, contextual traffic data and the company’s existing centralized command center data to provide vital oversight in managing high-risk scenarios for autonomous vehicles in complex geo-fenced environments. [Read more…] about Beep secures $20 million Series-A investment from Intel and Blue Lagoon

Path Robotics raises $56 million to ‘lead American manufacturing into the future’

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Path Robotics, the Columbus, Ohio-based artificial intelligence and robotics company responsible for designing “the world’s first truly autonomous robotic welding system”, has received $56 million dollars in Series B funding, bringing the total invested in the company to $71 million.

Investment company Addition led the round and was joined by returning investors Drive Capital, Basis Set, and Lemnos Lab.

Lee Fixel of Addition says: “Path Robotics is solving a complex and critical problem in our country by bridging the gap between the supply of skilled welders and demand. [Read more…] about Path Robotics raises $56 million to ‘lead American manufacturing into the future’

EasyMile raises €55 million to scale up its autonomous vehicles business

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EasyMile, a developer of driverless vehicle solutions for material handling and shared passenger transport, has closed a €55 million Series B funding round.

Led by Searchlight Capital Partners, a private investment firm, with McWin and NextStage AM, the round saw all EasyMile’s earlier investors, including Alstom, Bpifrance and Continental, also participating.

The funding will facilitate the completion of EasyMile’s product and technology roadmap while accelerating its international expansion and client service. [Read more…] about EasyMile raises €55 million to scale up its autonomous vehicles business

Plus One Robotics raises $33 million to fuel expansion

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Plus One Robotics, a provider of vision software for logistics robots, has raised $33 million in Series B funding.

McRock Capital and TransLink Ventures co-led the round, with participation from BMWi Ventures, Kensington Capital Partners, and Ironspring Ventures alongside existing investors.

Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join the company’s board of directors. [Read more…] about Plus One Robotics raises $33 million to fuel expansion

Sole Source Capital acquires Peak-Ryzex and Optical Phusion

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Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions.

The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies – all seeking supply-chain logistical support. [Read more…] about Sole Source Capital acquires Peak-Ryzex and Optical Phusion

Toyota-backed investment fund Woven Capital buys stake in Nuro

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Woven Capital, an $800 million global investment fund established by the Toyota Research Institute, has made an equity investment in Nuro, a robotics company developing autonomous delivery vehicles.

The investment is part of Nuro’s Series C round of funding, advancing its work in designing and engineering self-driving road vehicles to transform local commerce through autonomous delivery.

The exact amount of the investment has not been made public. [Read more…] about Toyota-backed investment fund Woven Capital buys stake in Nuro

ForwardX Robotics raises $38 million in new funding, bringing total to $74 million

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ForwardX Robotics, a developer of autonomous mobile robots for warehousing and manufacturing environments, has closed its Series B funding by raising another round of more than $38 million led by CDH Investments’s VGC, Eastern Bell Capital, and Dohold Capital. Other investors include Angel Around and ZGC Group.

This funding brings ForwardX’s total Series B funding to over $63 million after an initial round of $10 million in March 2019 and an extension of $15 million in April 2020. Since its founding in 2016, ForwardX has now raised close to $74 million in venture capital.

Nicolas Chee, founder and CEO of ForwardX Robotics, says: “Our customers in the warehousing and manufacturing industries come to us to transform their operations and help them unlock new levels of efficiency that were previously unattainable. [Read more…] about ForwardX Robotics raises $38 million in new funding, bringing total to $74 million

Delivery robot company Refraction AI raises $4.2 million

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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

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