Robotics & Automation News

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expansion

Yarbo secures $27+ million Series B funding to accelerate global expansion

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Yarbo, a provider of multipurpose intelligent yard robots, has successfully closed its Series B funding round, raising approximately $27 million.

The round was backed by a group of strategic and financial investors, bolstering Yarbo’s vision of reimagining how the world handles outdoor work – one season at a time.

This fresh injection of capital will turbocharge Yarbo’s ability to scale mass production, enhance supply chain resilience, and deepen investment in R&D, fuelling faster product optimisation and iteration. [Read more…] about Yarbo secures $27+ million Series B funding to accelerate global expansion

How manufacturing leaders can thrive when entering new markets

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By Shinichiro Nakamura, president of one to ONE Holdings

Global expansion accounts for more than half of all corporate growth in the past decade. So, it’s no surprise that manufacturers continue to penetrate new markets.

This wider globalization trend is largely driven by the rise of emerging markets, sustainability efforts, and localizing production based on resources.

However, entering new markets is easier said than done, particularly when facing hurdles such as regulations, tariffs, talent shortages, different cultures, and limited technology. [Read more…] about How manufacturing leaders can thrive when entering new markets

ANYbotics raises additional $60 million to drive US expansion

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ANYbotics, a provider of four-legged robotic inspection solutions, has raised an additional $60 million, bringing its total funding to over $130 million.

The new funding is led by Qualcomm Ventures and Supernova Invest, with participation from TDK Ventures and other new investors.

Backed by existing investors from Silicon Valley and Europe, including Walden Catalyst, NGP Capital, Bessemer Venture Partners, Swisscanto, and Swisscom Ventures, the funding will accelerate ANYbotics’ global scaling and recent expansion in the US to meet the growing demand for its industrial inspection robots and enhance the company’s ability to deliver exceptional services and seamless integrations worldwide. [Read more…] about ANYbotics raises additional $60 million to drive US expansion

Dexory secures $80 million funding to drive global expansion goals

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Dexory, the leading robotics and data intelligence company, has successfully closed an $80 million Series B funding round.

The round was led by DTCP, with participation from Latitude Ventures, Wave-X and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic and several angels from the logistics industry. As part of this investment, DTCP’s Michael Rager joins Dexory’s board of directors.

The new funding, made up of a mix of equity and growth debt, will support an expansion of their artificial intelligence (AI) powered features across the DexoryView platform, grow its global team and accelerate the deployment of its autonomous robots with customers like GXO, Maersk, DB Schenker and beyond. [Read more…] about Dexory secures $80 million funding to drive global expansion goals

Digital Tools for Business Expansion and Development

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Business owners have to tackle multiple tasks every day, which is already a challenge. Fortunately, technology comes to the rescue – modern digital tools can help increase your earnings, organize your schedule, communicate more efficiently, or conduct email marketing campaigns.

Below, we will discuss some of the top tools in each of these important business categories. [Read more…] about Digital Tools for Business Expansion and Development

Wieland unveils $500 million modernization and expansion project in Illinois

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Wieland, a global supplier of high-quality copper and copper alloy solutions, says it plans to make a “landmark $500 million capital investment” to re-equip, expand, and modernize its facility located in East Alton, Illinois.

The investment is subject to the approval of state and local incentives.

The comprehensive expansion project intended in East Alton, signifies Wieland’s commitment to technological advancement, long-term sustainability, and its extensive and valued customer base in North America. [Read more…] about Wieland unveils $500 million modernization and expansion project in Illinois

Exoskeleton company German Bionic receives further funding to scale up

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German Bionic, the leading provider of electrically powered back exoskeletons for industry, logistics, and healthcare, continues to experience strong growth in demand for its smart power suits.

Both the Apogee and the Apogee+, which was specially developed for the care sector, are the world’s first AI-based, fully-connected robotic wearables for the workplace.

The self-learning e-exoskeletons amplify lifting movements, give walking assistance, and prevent poor posture. An integrated ergonomic early warning system also supplies real-time data collected during the course of the working day to simultaneously protect employees’ health, measurably reduce the risk of accidents, and improve work processes. [Read more…] about Exoskeleton company German Bionic receives further funding to scale up

Locus Robotics expands presence in Europe and Central America

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Locus Robotics, a provider of autonomous mobile robots (AMR) for fulfilment warehouses, has increased its global presence with expansion across two continents.

In Europe, the US-based robotics supplier has announced an expanded commitment to Italy and Poland, while in Central America, lifestyle brand, Solo Brands has deployed the AI-enabled Locus AMR Solution at its fulfilment warehouse in Mexicali, Mexico.

The deal represents Locus’s first AMR deployment in the Mexico region.  [Read more…] about Locus Robotics expands presence in Europe and Central America

Want to Grow Your Online Company? Here’s How to Do It

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Are you still experimenting with new tactics to expand your business? And you would be missing out on a lot if you didn’t strive to expand your market through online means. The internet serves as a powerful and effective tool that businesses use in a variety of ways to grow and succeed.

In this article, we’ll go over various strategies you can employ to accomplish your business’s goals. [Read more…] about Want to Grow Your Online Company? Here’s How to Do It

ABB to invest another $20 million on expanding its robotics factory in US

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ABB has strengthened its commitment to one of its largest customer markets – the US – with construction starting on the expansion of its existing North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan.

The project is expected to be completed in November 2023 and represents an investment of $20 million. The expansion will create 72 highly skilled new jobs in the area and is supported by a $450,000 Michigan Business Development Program performance-based grant.

Sami Atiya, president of ABB Robotics and Discrete Automation, says: “Our investment is a significant step in accelerating ABB Robotics’ global leadership in developing and manufacturing cutting -edge robotic solutions in the US, for the Americas. [Read more…] about ABB to invest another $20 million on expanding its robotics factory in US