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Autonomous vehicle simulation startup MorAI raises $20 million funding

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MorAI, a developer of autonomous vehicle simulation technology, has secured a $20 million Series B funding round.

The round includes investment from new investors Korea Investment Partners, KB Investment, and the state-run Korea Development Bank, as well as from existing investors Naver’s D2 Startup Factory, Hyundai Motor Group’s Zero1ne, Kakao Ventures, and Atinum Investment, bringing MorAI’s total funding to date to $25 million.

MorAI was co-founded in 2018 by three autonomous driving researchers from the Korea Advanced Institute of Science and Technology. Ever since, the company has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. [Read more…] about Autonomous vehicle simulation startup MorAI raises $20 million funding

Evocargo to exhibit autonomous logistics vehicle technology at CES

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Evocargo will showcase its cutting-edge services in cargo transportation based on their own electric unmanned vehicle in the Vehicle Tech category at the Consumer Electronics Show 2022, being held in Las Vegas from January 5-8.

Established in 2019, Evocargo will exhibit its Smart Logistic service based on unmanned all-electric platforms. Evocargo’s EVO.1 vehicle (3.5 tons full weight) will be displayed, featuring a payload capacity of 1.5 tons, power reserve of 155 miles and operating time of 20 hours with 40-minute charging time.

Evocargo’s all-electric/hydrogen autonomous vehicles ensure its customers’ operations are always on time, optimized and precisely coordinated through all process cycles. [Read more…] about Evocargo to exhibit autonomous logistics vehicle technology at CES

Brenton Engineering unveils robotic case packer

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Brenton Engineering is debuting a new top-load case packer that brings a higher level of efficiency to established consumer and commercial packaged goods providers at Pack Expo 2021.

Brenton is a leader in designing and manufacturing integrated end-of-line packaging systems and machines, specializing in case packing and palletizing using both robotics and other automation.

The modular-designed RT1000 top load robotic case packer system brings several attractive features to customers who are looking to add automation to more efficiently manage their packing needs and sustain their business growth. [Read more…] about Brenton Engineering unveils robotic case packer

Robotics one of the hottest investment sectors of the decade, says Silicon Valley Bank report

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Entrepreneurs have invested more money in robotics than all other sectors combined, according to a new report by Silicon Valley Bank.

In a report called The Future of Robotics, SVB says: “Investment in robotics has significantly outpaced the rest of venture (financing), making robotics one of the hottest sectors of the decade.”

SVB’s data shows that robotics venture capital funding represented 55 percent of all venture financing (see bar chart below). [Read more…] about Robotics one of the hottest investment sectors of the decade, says Silicon Valley Bank report

Ground launches robotic picking solution

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Warehouse automation company Ground Inc has launched a robotic picking solution.

Called “SuperPick”, the company has been demonstrating the system at its research and development centre in Japan.

Ground says “SuperPick” is a combination of the latest vision technology and algorithm originally developed by Soft Robotics, and the material of the part that picks up the object called “hand” that has been patented. [Read more…] about Ground launches robotic picking solution

North American Electric establishes new subsidiary NAE Automation

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North American Electric has established a new, wholly-owned subsidiary – NAE Automation.

The company says the new business will provide “complete automation solutions and engineering services”.

NAE Automation’s primary focus will be material handling equipment such as conveyors, automatic palletizers and strapping machines. [Read more…] about North American Electric establishes new subsidiary NAE Automation

Investing in robotics: Established companies or startups?

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Picture courtesy: Caixin Online

In this part of our series of articles about investing in robotics and automation, Brian Gahsman, managing partner and chief investment officer at GBSfunds, explains what type of robotics and automation enterprises his company, Gahsman Branton, is interested in investing in 

Check out realtime stock prices for companies in the robotics, automation and relating computing sectors

Robotics and Automation News: Are you mainly looking at investing in established companies or startups?

Brian Gahsman: Actually both. There is a great number of publicly traded companies in this space with established earnings and the leaders make a solid foundation of the holdings in my strategy. That being said, even these established companies began as startups in the not so distant past.

I believe that robotics and automation in itself is currently in its infancy stage so maintaining a solid blend of micro-cap, small cap, mid-cap and large cap stocks is the only way to assure my strategy as a whole rides the same wave as the technological evolution that it is based on.  [Read more…] about Investing in robotics: Established companies or startups?