Robotics & Automation News

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financing

Specialist ‘robotics-as-a-service’ startup lets manufacturers ‘hire’ popular robots at ‘low hourly rate’

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A new robotics-as-a-service company Formic Technologies has launched with a simple value proposition: hire fully customized robots from top vendors at a “low hourly rate and no upfront cost”.

To help small and medium-size manufacturers benefit from automation, Formic handles every aspect of a financing and implementation – from scoping, engineering, purchasing, implementation, and maintenance. The company also guarantees uptime, with customers paying nothing for system downtime.

Traditionally, manufacturers buy robots, which is a lengthy, complex, inflexible, and expensive process. These barriers to entry are so high for smaller manufacturers that they often refrain from implementing automation altogether. [Read more…] about Specialist ‘robotics-as-a-service’ startup lets manufacturers ‘hire’ popular robots at ‘low hourly rate’

Agricultural technology startup Carbon Robotics raises $27 million in new funding

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Carbon Robotics, an agriculture robotics company, has secured $27 million in Series B financing from Anthos Capital, Ignition Capital, Fuse Venture Partners and Voyager Capital to accelerate the company’s growth.

The funding will be used to scale production of the company’s products, including the Autonomous Weeder, grow its engineering team, establish regional support for customers across the US and invest in the innovation of new products and technology.

This latest round of financing brings the company’s overall funding to $36 million. [Read more…] about Agricultural technology startup Carbon Robotics raises $27 million in new funding

Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round

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Gideon Brothers, a robotics and AI solutions company, has received a new investment from Deutsche Bahn Digital Ventures, the venture capital arm of Deutsche Bahn Group, as part of the recent Series A financing round led by Koch Disruptive Technologies valued at $32 million.

The Series A investment will accelerate the development and commercialization of Gideon Brothers’ AI and 3D vision-based autonomous mobile robots that automate horizontal and vertical material handling operations.

The company is also expanding its manufacturing, sales, customer success, and marketing operations across key markets of the EU and United States, by opening offices in Munich, Germany and Boston, Massachusetts. [Read more…] about Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round

ANYbotics raises $23 million in Series A funding

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ANYbotics, a maker of four-legged robots, has raised CHF20 million ($23 million) in its Series A financing round led by Swisscom Ventures.

The startup says the funding will serve to accelerate the commercialization of its autonomous robots for industrial inspection applications.

ANYbotics enhances safety and productivity in industrial operations through autonomous mobile robots capable of navigating complex environments. [Read more…] about ANYbotics raises $23 million in Series A funding

Oqton raises over $40 million investment for its digital manufacturing platform

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Oqton, an American-Belgian software company specialising in artificial intelligence-powered solutions for the manufacturing industry, has raised more than $40 million in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.

The founding team – Samir Hanna and Ben Schrauwen – and several angel investors, including Carl Bass, who is the former CEO Autodesk, Dries Buytaert, of Drupal and Acquia, and Peter Mercelis, of Layerwise, also participated in the round.

The financing will be used to further develop its platform, while expanding its commercial partnerships in multiple domains and verticals, including additive manufacturing, robotic welding, and CNC machining. [Read more…] about Oqton raises over $40 million investment for its digital manufacturing platform

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

Via raises $200 million to develop and expand its mobility services

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Mobility services startup Via has raised a further $200 million in its latest funding round.

Money raised in Via’s Series E fuding round will be used to “expand access to efficient, sustainable, and equitable public mobility across the globe”, says the company.

John Elkann, chairman and CEO of Exor, lead investor in the financing, says: “More important than ever to work for an innovative and sustainable future.” [Read more…] about Via raises $200 million to develop and expand its mobility services

Universal Robots partners with DLL to launch financial services leasing program

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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

Simbe Robotics raises $26 million in Series A funding round

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Simbe Robotics, which specializes in robotics and artificial intelligence for retail, has completed two separate funding deals.

One was a Series A equity financing round, and the other was an inventory financing agreement with SoftBank Robotics.

Simbe says the financing will allow the company to increase efficiencies in production and deployment of its Tally robot. [Read more…] about Simbe Robotics raises $26 million in Series A funding round

Roam Robotics secures $12 million investment led by Yamaha Motor

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Roam Robotics, a company building robotic exoskeletons for everyday people as they live, work and play, has completed a $12 million Series A round of funding.

Yamaha Motor led the investment round with participation from existing and new investors Boost VC, Heuristics Capital Partners, Menlo Ventures, R7 Partners, Spero Ventures, Valor Equity Partners, and Venture Investment Associates. Collectively these investors bring a wealth of experience in robotics, hardware, and consumer startups.

Tim Swift, Roam founder and chief executive officer, says: “Roam exists to change the boundaries of human mobility.  [Read more…] about Roam Robotics secures $12 million investment led by Yamaha Motor

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