Robotics & Automation News

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financing

Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

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One of the fastest growing companies in the global robotic and digital surgery space, Ronovo Surgical, recently raised new financing to accelerate its vision of broad, cross-specialty adoption of robotic-assisted surgery.

The latest round of financing arms Ronovo with more than $50 million raised since 2020. Led by LongRiver Investments (LRI), this round garnered continued support from existing investors – Lilly Asia Ventures, Vivo Capital, Matrix Partners China and GGV Capital – with CEC Capital acting as exclusive financial advisor.

Exiting stealth mode, Ronovo unveils its inaugural robotic platform – Carina, an innovative modular system built on proprietary technology to enable configurable robotic assistance for laparoscopic surgeries across multiple specialties. [Read more…] about Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

Nvidia and Abu Dhabi join $73 million Outrider funding round

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Outrider, a startup developing autonomous yard operations for logistics hubs, has closed $73 million in Series C financing led by FM Capital. 

New investors include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and NVentures, Nvidia’s venture capital arm.

Existing investors participating in the round include Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA). Outrider has raised $191 million in financing to date based on its technical leadership in autonomous systems for distribution yards. [Read more…] about Nvidia and Abu Dhabi join $73 million Outrider funding round

Autonomous truck startup Einride raises $500 million in new funding

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Autonomous electric truck startup Einride has secured $500 million in financing, including both a Series C equity raise and a debt facility.

The debt financing, which is the largest asset-backed facility to date for heavy-duty electric vehicles, will provide transformative funding for Einride’s fleet of electric vehicles across the world.

The Series C provides a next step in the funding of new developments and deployments across Einride’s autonomous and digital offerings, as well as expanding Einride’s offerings to new markets and clients. [Read more…] about Autonomous truck startup Einride raises $500 million in new funding

Avidbots raises $70 million in latest funding round

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Avidbots, one of the world’s leading robotics companies, today announced it has raised $70 million in Series C funding.

The financing was led by Jeneration Capital, with strong participation from existing investors True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, and Kensington Capital Partners.

New investors – BMO Capital Partners, Golden Vision Capital and Nicola Wealth – also joined in the latest funding round. With this financing, Avidbots has raised more than $107 million to date. [Read more…] about Avidbots raises $70 million in latest funding round

Medical Microinstruments secures $75 million to advance robotic microsurgery

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Medical Microinstruments, a robotics company dedicated to improving clinical outcomes for patients undergoing microsurgery, says it has raised $75 million in Series B financing.

Deerfield Management led the round with participation from new investors, RA Capital Management and Biostar Capital, as well as existing investors, Andera Partners, Fountain Healthcare Partners, Panakès Partners and Sambatech.

The company also announced the addition of three new members to its board of directors. [Read more…] about Medical Microinstruments secures $75 million to advance robotic microsurgery

Hai Robotics raises more than $100 million in D+ financing round

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Hai Robotics, the developer of its own Autonomous Case-handling Robot (ACR) systems for warehouse logistics, has raised more than $100 million in a D+ round of financing.

The lead investor is Capital Today, and co-investors include a top US dollar fund and existing shareholders including 5Y Capital, Source Code Capital, Sequoia Capital and 01VC.

This is the third round of financing it has obtained within the past 12 months. [Read more…] about Hai Robotics raises more than $100 million in D+ financing round

GreyOrange raises $110 million for ‘growth financing’

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GreyOrange, a robotic fulfillment company, has raised $110 million in “comprehensive growth financing”, a majority of which came from Mithril Capital Management and a group of current and new investors, along with separate financing provided by funds and accounts under management by BlackRock.

The growth financing underscores GreyOrange’s technical leadership in a fundamental market shift to robot-enabled automated fulfillment solutions.

GreyOrange reduces operating costs and expedites delivery for global retail industry leaders including Walmart, H&M, COS, Coupang and GXO Logistics. [Read more…] about GreyOrange raises $110 million for ‘growth financing’

Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

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Pony.ai, a developer of autonomous driving technology, has completed its first close of its Series D financing.

The Series D round, which has a significant valuation uplift from the 2020 C and C+ rounds, is a recognition by investors of Pony.ai’s achieved technical milestones and significant progress toward a commercialized robotaxi and robotruck product.

The proceeds from the funding will be used to further augment Pony.ai’s hiring, investment in research and development, global testing of robotaxi and robotrucking on an ever-growing fleet, enter into important strategic partnerships, and accelerate our development toward mass production and mass commercial deployment. [Read more…] about Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

Blockchain and Smart Contracts Have German Auto Dealers on the Fast Track to Financing

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ChinaTechNews reports on April 4 that German auto dealers are using the Ethereum blockchain to get around bank bureaucracy, speeding up dealer credit applications.

German car dealers and distributors have found a new use for blockchains – acquiring and financing their customers quickly and with less paperwork than traditional bank loans.

Using Ethereum smart contracts – computer protocols that facilitate, verify or enforce the negotiation of an agreement – dealerships can provide their clients with immediate access to fiat currencies through dealer credit applications. [Read more…] about Blockchain and Smart Contracts Have German Auto Dealers on the Fast Track to Financing

Baidu’s autonomous electric carmaker Jidu raises $400 million in Series A financing

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Baidu’s intelligent electric vehicle arm Jidu has closed its Series A financing, raising nearly $400 million.

This round of financing was backed by Baidu and its strategic partner multinational auto manufacturer Zhejiang Geely Holding Group.

With the completion of financing, Jidu is set to continue accelerating the progress in R&D and achieving mass production. [Read more…] about Baidu’s autonomous electric carmaker Jidu raises $400 million in Series A financing