Robotics & Automation News

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Apex.AI raises $56.5 million in Series B fundraising round

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Apex.AI, a company developing breakthrough safety-certified software for mobility and autonomous applications, has raised $56.5 million in a Series B fundraising round, bringing the total raised to date to $74 million.

The Series B round was led by Orillion, and included new participation from ZF, Continental, AGCO, Canaan, Lightspeed Venture Partners, Airbus Ventures, Jaguar Land Rover’s InMotion Ventures and others.

Other investments previously announced include Volvo Group Venture Capital, Toyota Ventures and HELLA Ventures, which further form Apex.AI’s world-class group of investors. [Read more…] about Apex.AI raises $56.5 million in Series B fundraising round

ForwardX Robotics raises $31 million in Series C funding round

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ForwardX Robotics, a Beijing-based developer of autonomous mobile robots for warehousing and manufacturing environments, has completed its initial Series C1 funding round, raising $31 million.

The initial round was led by Taikang Life Insurance, with Qualcomm Ventures and Starlight Capital also contributing to the round.

Only seven months after the close of its $63 million Series B round, the latest round of funding brings ForwardX to approximately $100 million in total investment since its founding in 2016. [Read more…] about ForwardX Robotics raises $31 million in Series C funding round

Webinar: Artificial intelligence and 3D vision for robotics

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Webinar by IDS Imaging Development Systems
Register now at this link: https://us02web.zoom.us/webinar/register/WN_Pjbz3JcBS363fsSPKEQLVg

Date and time: September 21, 2021 at 11am European time

In this webinar, we will explore how AI and 3D can work together to expand the number of applications that can be solved with robotics and look at what is required by the components to ensure easy integration. [Read more…] about Webinar: Artificial intelligence and 3D vision for robotics

ABB to acquire autonomous mobile robot maker ASTI

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ABB says it will acquire ASTI Mobile Robotics Group, an autonomous mobile robot manufacturer with a broad portfolio across all major applications enabled by the company’s software suite.

This will expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for the next generation of flexible automation.

The acquisition, a key part of ABB’s external growth strategy, was signed on July 19 and is expected to close in mid-summer 2021. Both parties agreed not to disclose any details regarding the purchase price. [Read more…] about ABB to acquire autonomous mobile robot maker ASTI

Webinar: Artificial intelligence and 3D vision for robotics

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Webinar by IDS Imaging Development Systems
Register now at this link: https://us02web.zoom.us/webinar/register/WN_Pjbz3JcBS363fsSPKEQLVg

Date and time: September 21, 2021 at 11am European time

In this webinar, we will explore how AI and 3D can work together to expand the number of applications that can be solved with robotics and look at what is required by the components to ensure easy integration. [Read more…] about Webinar: Artificial intelligence and 3D vision for robotics

IMI expands to Europe as modernization of distribution centres drives growth

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With the continued global shift towards e-commerce and crippling shortages of qualified workers, operators in the supply chain are investing heavily in technology and automation.

IMI has seen record demand for its agnostic services platform throughout this unprecedented period and has made the move to expand beyond North America.

IMI is pleased to announce its expansion into the European market and to inform the public that they are officially open for business. [Read more…] about IMI expands to Europe as modernization of distribution centres drives growth

Gideon Brothers raises $31 million Series A funding for its autonomous mobile robots

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Gideon Brothers, a robotics and AI solutions company, today announced it has raised a $31 million Series A investment to accelerate the development and commercialization of its AI and 3D vision-based autonomous mobile robots (AMRs).

The company will also expand its manufacturing, sales, marketing, and customer success operations across key markets of the European Union and United States by opening offices in Munich, Germany and Boston, Massachusetts, respectively.

The Series A round was led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries, with participation from DB Schenker, Prologis Ventures, and Rite-Hite. [Read more…] about Gideon Brothers raises $31 million Series A funding for its autonomous mobile robots

Collaborative robotics market set to grow to $8 billion by 2030

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Despite the challenges facing the wider manufacturing industry during the coronavirus pandemic, collaborative robots continue to attract attention and investment, due to their ease of use, redeployability, and convenience to end-users who struggle to afford more traditional forms of automation.

According to a new report from global tech market advisory firm ABI Research, the cobot market is set to grow substantially over the coming decade.

The market had a global valuation of $475 million in 2020, which will expand to $600 million in 2021 and $8 billion in 2030, with a projected annual growth of 32.5 percent. [Read more…] about Collaborative robotics market set to grow to $8 billion by 2030

Hyundai Robotics to automate fast-food production for KFC

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Hyundai Robotics is entering the food technology market in cooperation with the global chicken franchise, KFC.

Hyundai Robotics has signed an agreement outlining “research and co-operation in automated production manufacturing” with KFC at the restaurant chain’s Eungam restaurant in Seoul, South Korea.

Hyundai Robotics’ COO Seo Yoo Seong and KFC Korea’s CEO Eom Ik-soo attended the signing ceremony. [Read more…] about Hyundai Robotics to automate fast-food production for KFC

Carbon fiber reinforced plastics market set to grow to $64 billion by 2030

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Carbon fiber reinforced polymers (CFRPs) are a critical class of performance materials, but disruptions from Covid-19 have made the future of the industry uncertain.

In a new report, The Future of Carbon Fiber Composites, Lux Research outlines major challenges and opportunities carbon fibers and CFRPs face and how standardization and recycling are enabling the CFRP market to grow to a $64 billion industry by 2030.

The carbon fiber industry is facing three major challenges: weakness in underlying markets, fiber standardization, and recycling. [Read more…] about Carbon fiber reinforced plastics market set to grow to $64 billion by 2030