Robotics & Automation News

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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

Toyota boss calls for transformation as profit plunges 74 percent

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The president of automotive giant Toyota has called for the transformation of company amid a 74 percent decrease in profit, mostly as a result of the coronavirus pandemic.

Toyota this week has reported a profit of approximately $1.5 billion for the most recent quarter, which is down from more than $6 billion in the same quarter the previous year.

Japanese news outlet Asahi Shimbun reports that Toyota ’s sales went in “all markets”, with the company warning that huge uncertainties remain over the pandemic. [Read more…] about Toyota boss calls for transformation as profit plunges 74 percent

ABB and Ericsson partner to accelerate wireless automation for flexible factories

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Industrial automation provider ABB and telecommunications equipment company Ericsson have strengthened their commitment to accelerate the industrial ecosystem for flexible wireless automation, which will enable enhanced connected services, industrial IoT and artificial intelligence technologies in the future. 

The partners signed a Memorandum of Understanding at Hannover Messe 2019, establishing their joint vision for future flexible production with automation and wireless communication.

The collaboration comes during the Industry 4.0 era and 5G connectivity which allow businesses to realize increased productivity, with the help of automation and digitalization. [Read more…] about ABB and Ericsson partner to accelerate wireless automation for flexible factories