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SVT Robotics raises $25 million in Series A funding round led by Tiger Global

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SVT Robotics, whose software accelerates and simplifies the integration and implementation of robotics, has closed a $25 Million Series A funding round.

The investment was led by Tiger Global, with participation from Prologis Ventures.

Griffin Schroeder, partner at Tiger Global, says: “With no ‘plug-and-play’ integration solution for industrial robotics, warehouses and manufacturers have been prevented from quickly deploying the automation they need to keep pace with the dramatic shifts in labor dynamics we’ve seen over the past year. [Read more…] about SVT Robotics raises $25 million in Series A funding round led by Tiger Global

Robotic and Automation News Review: ABB, Mitsubishi, Fanuc, Baidu, Nvidia and much more…

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Robotics and Automation News Review Friday 18 September 2020

This is a new, weekly column which rounds up all the most interesting news from the robotics and automation industry in the past seven days, in brief form.

This Robotics and Automation News Review is also available to view on our YouTube channel. (See video embedded below.)

Please support our website by subscribing to our YouTube channel, by sharing the stories we publish on your social media pages, and by purchasing premium subscriptions to RoboticsAndAutomationNews.com, as well as through corporate sponsorships and advertising.

[Read more…] about Robotic and Automation News Review: ABB, Mitsubishi, Fanuc, Baidu, Nvidia and much more…

Innovation in Times of Crisis: What Does the Future Hold for Automation?

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The Covid-19 pandemic isn’t letting up any time soon. Countries which have relaxed their lockdown measures following a decrease in the number of positive cases are now experiencing a resurgence in numbers of confirmed infections.

Governments are already planning to reintroduce restrictions to stop the spread of the deadly coronavirus, which has claimed the lives of over 800,000 people worldwide.

As this global crisis continues to challenge economic sustainability, the business landscape has to adapt to new methods and tools in order to stay afloat. Sure enough, this crisis has opened up new spaces for discussing genuine innovation. [Read more…] about Innovation in Times of Crisis: What Does the Future Hold for Automation?

Logistics companies turning to robotics and automation as way out of coronavirus crisis

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Logistics companies are turning to robotics and automation as way out of the coronavirus crisis, according to the a new report by the International Finance Corporation, an arm of the World Bank.

Governments around the world have responded to the crisis by designating logistics and supply chain companies as “essential” business and have exempted them from lockdown measures.

But even though they have been allowed to continue operating, logistics and supply chain companies have struggled, particularly with labor shortages. [Read more…] about Logistics companies turning to robotics and automation as way out of coronavirus crisis

EU member states agree €750 billion post-pandemic recovery fund

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Member states of the European Union have agreed a €750 billion recovery fund in the wake of the coronavirus pandemic, which has all but destroyed large parts of the economy in many countries.

The agreement was reached during a four-day summit meeting in Brussels, Belgium between the leaders of the 27 member nations.

Charles Michel, chairman of the summit, called the accord “a pivotal moment for Europe”, according to a report by Reuters. [Read more…] about EU member states agree €750 billion post-pandemic recovery fund

Robots provide opportunities for restart after coronavirus pandemic, say industry leaders

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Robots provide opportunities for a restart of the economy after the damage caused by the coronavirus pandemic, according to industry leaders surveyed by Automatica, one of the largest industrial automation trade shows in the world.

Messe Munchen, which owns Automatica, says it did a survey and found the following:

  • 84 percent of decision-makers expect more robot automation in German SMEs;
  • 77 percent of decision-makers rely on mobile robotics to convert production quickly; and
  • 76 percent of employees in SMEs want robotics training.

Even before the corona pandemic, the manufacturing industry in Germany was highly automated according to figures from the International Federation of Robotics and ranked third in robot density worldwide behind Singapore and South Korea. [Read more…] about Robots provide opportunities for restart after coronavirus pandemic, say industry leaders

Geek+ launches disinfection robots to help with coronavirus cleanup

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Geek+ Robotics has launched a pair of disinfection robots in the wake of the coronavirus pandemic. The company says the new robots are designed to help keep facilities free of any viruses and germs that may endanger health.

After the unprecedented health crisis caused by the coronavirus pandemic, Geek+ says robots “can play a key role in ensuring safe and healthy work and living environments”.

The two robots the company have two disinfection methods. “Lavender” is armed with smart ultraviolet rays while “Jasmin” uses liquid agents to execute swift and automated sterilization. [Read more…] about Geek+ launches disinfection robots to help with coronavirus cleanup

US manufacturing sector faces ‘workforce crisis’, says Manufacturing Institute

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The US is facing a “workforce crisis”, according to the Manufacturing Institute.

The Institute, and the education and workforce partner of the National Association of Manufacturers, kicked off a month-long celebration of modern manufacturing last week on Manufacturing Day – October 4th.

Held annually on the first Friday in October, MFG Day helps show the reality of modern manufacturing careers in an industry that is vital to our economy. [Read more…] about US manufacturing sector faces ‘workforce crisis’, says Manufacturing Institute