finance

Universal Robots partners with DLL to launch financial services leasing program

January 15, 2020 by Sam Francis Leave a Comment

Universal Robots, the largest collaborative robot manufacturer in the world, has launched a new cobot leasing program in partnership with DLL, a global vendor finance company.

The new agreement enables all manufacturers, regardless of size or capital equipment budgets, to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.

Klaus Vestergaard, CFO at Universal Robots, says: “We’re leveling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment. [Read more…] about Universal Robots partners with DLL to launch financial services leasing program

All You Need to Know about Automated Forex Trading

December 2, 2019 by Liv Leave a Comment

Automated trading has brought a shift in the trading markets – it allows getting away from manual trades which are much faster and less cumbersome

Trading is tedious and time-consuming and at times the risk management does not work very well to ensure we do not make losses.

Most traders have desired for a long time to have systems that can trade on their behalf.

Imagine if you had a robot to trade on your behalf earning you guaranteed profits and never worrying about losses. [Read more…] about All You Need to Know about Automated Forex Trading

Hitachi delivers ‘world’s fastest’ elevator to skyscraper

October 4, 2019 by Mai Tao

Hitachi has delivered its elevator system to Guangzhou CTF Finance Centre, a skyscraper complex building in Guangzhou, China.

The building has the Guinness World Records title as having the world’s fastest elevator. The presentation ceremony for the award of the official certificate was held recently.

This elevator travels with a rated speed of 1,260 metres per minute and connects the ground floor to the hotel lobby on the 95th floor in approximately 42 seconds, over a distance of 440 metres. [Read more…] about Hitachi delivers ‘world’s fastest’ elevator to skyscraper

Robotic toymaker Anki to close down

April 30, 2019 by Sam Francis

Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…]

Canonical releases new version of Ubuntu operating system

April 18, 2019 by David Edwards

Canonical has launched a new version of the Ubuntu computer operating system, which is increasingly popular in industrial devices and networks.

The company says the updated version, Ubuntu 19.04, provides the necessary tools for open infrastructure applications, includes a developer desktop, internet of things functionality, and cloud to edge software distribution.

Mark Shuttleworth, CEO of Canonical, says: “The open-source-first on Ubuntu movement in telco, finance, and media has spread to other sectors.

“From the public cloud to the private data center to the edge appliance or cluster, open source has become the reference for efficiency and innovation.

“Ubuntu 19.04 includes the leading projects to underpin that transition, and the developer tooling to accelerate the applications for those domains.”

Plus One Robotics raises $8.3 million in Series A funding round

November 9, 2018 by David Edwards

Plus One Robotics, a 3D vision and controls developer for robotic automation in the logistics and e-commerce markets, has raised $8.3 million in its Series A investment round.

The funding round was led by Pritzker Group Venture Capital, with participation from Zebra Technologies. Also participating in the round were Schematic Ventures, Lerer Hippeau, TCL Ventures, ff Venture Capital, Dynamo, and First Star Ventures.

Erik Nieves, Plus One Robotics CEO, says: “We are delighted to add two more firms with deep roots in logistics and supply chain to our leadership.” [Read more…] about Plus One Robotics raises $8.3 million in Series A funding round