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STMicroelectronics acquires stake in humanoid robot developer Oversonic Robotics

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Oversonic Robotics, the Italian cognitive robotics company creator of RoBee, the first certified cognitive humanoid robot designed to operate in complex environments, announces that STMicroelectronics, Fondazione ENEA Tech Biomedical and SpotInvest have entered the company’s share capital to accelerate its industrial, technological, and international development.

The entry of the new shareholders is aimed at supporting Oversonic’s industrial, technological and international growth and at strengthening an ecosystem of partners capable of creating value both for Oversonic and for the development of the applications built around RoBee.

The transaction is also part of a broader value creation path that involves strengthening the company’s presence in the United States and launching a new phase of international growth in the global market of cognitive humanoids. [Read more…] about STMicroelectronics acquires stake in humanoid robot developer Oversonic Robotics

Interview with Paul Dawalibi: Can Ras Al Khaimah become the Silicon Valley of the Middle East?

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For decades, when technology companies looked to establish a presence in the Middle East, the conversation typically revolved around Dubai or Abu Dhabi.

But as global competition for AI, robotics, and deep-tech investment intensifies, a growing number of smaller, more agile innovation hubs are seeking to carve out their own place in the technology landscape.

Among them is Innovation City Ras Al Khaimah, a technology-focused free zone located in the Emirate of Ras Al Khaimah in the United Arab Emirates. [Read more…] about Interview with Paul Dawalibi: Can Ras Al Khaimah become the Silicon Valley of the Middle East?

Caracol raises $40 million in Series B to scale up its advanced manufacturing technologies

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Caracol, one of Europe’s fastest-growing deep-tech companies and a pioneer in large-format robotic manufacturing, today announced the closing of its $40 million Series B round, co-led by Omnes Capital, Move Capital Fund I, alongside CDP Venture Capital – Large Ventures Fund, which played a key role as a catalyst for international investors.

These international funds, together with leading Italian institutional investors, will accompany Caracol into its next phase of global growth, alongside continued backing from long-standing shareholders including Primo Capital SGR, Eureka! Venture SGR, and Neva SGR (the Intesa Sanpaolo Group’s venture capital company).

Caracol says that “thanks to a massive oversubscription”, this round also enabled some early investors to exit with significant returns, underscoring the strong appetite shown by institutional players to invest in the company’s next chapter. [Read more…] about Caracol raises $40 million in Series B to scale up its advanced manufacturing technologies