Robotics & Automation News

Market trends and business perspectives

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Micrologistics startup Takeoff Technologies raises $25 million

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Takeoff Technologies has closed its Series C fundraising with an additional $25 million in investment for 5 percent of the company, with a valuation of $500 million, bringing the total funds raised to $86 million.

The Series C funding was led by Forrestal Capital. This funding is set to propel a rollout scale across North America, Europe and Australia.

Takeoff is at the forefront of microfulfillment as the first and only solution provider with several operating sites in partnership with major grocery retail chains. [Read more…] about Micrologistics startup Takeoff Technologies raises $25 million

Robotic toymaker Anki to close down

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Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…] about Robotic toymaker Anki to close down

Exclusive: Nasa scientists set to revolutionise oil and gas business with robotics and automation technology

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space shuttle

Houston company says it is bringing advanced technology from Nasa to elevate oil and gas operations through robotics and automation

A Texas business grounded in aerospace experience and space technology is changing the face of oil and gas.

Houston Mechatronics, a company founded by former Nasa roboticists, is incorporating intelligent automation and robotics into the energy industry in ways that streamline operations, improve both costs and quality, and remove workers from hazardous environments.

The recent focus on oil and gas was a natural one, says Matthew Ondler, Houston Mechatronics’ co-founder and president. Although the company works with clients across a range of industries, energy is feeling a pinch.  [Read more…] about Exclusive: Nasa scientists set to revolutionise oil and gas business with robotics and automation technology