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friday

Employee management software provider Rippling raises $500 million in Series E financing

March 18, 2023 by Mark Allinson

By Parker Conrad, CEO, Rippling

Rippling, a provider of automated software for employee management, has raised $500 million in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022.

This was an unusual round, raised in record time and for a purpose that ultimately resolved on its own. It all started on Friday, March 10th at 5.30 am PST.

Rippling’s primary banking partner, Silicon Valley Bank (SVB), collapsed with dizzying speed on Thursday, March 9, and entered FDIC receivership on Friday, March 10. [Read more…] about Employee management software provider Rippling raises $500 million in Series E financing

Filed Under: News, Software Tagged With: banking, capital, company, customers, employees, fdic, financing, friday, funds, greenoaks, march, monday, payments, rippling, round, software, svb, time

Robotics and Automation News Review: Fanuc and Kuka launch new robots, Pittsburgh ready to go to ‘infinity and beyond’, Foxconn moves operations out of China, and much more…

August 14, 2020 by David Edwards

Friday 14 August 2020: This is a new, weekly column – to be published every Friday – which rounds up all the most interesting news from the robotics and automation industry in the past seven days, in brief form. 

This Robotics and Automation News Review is also available to view on our YouTube channel.


Comau Robotics says it has created an “innovative, in-line testing and quality control system that optimizes the construction and assembly of batteries”. The company says the MI.RA / Thermography system uses thermal imaging and artificial intelligence to perform non-invasive automated assessment and control of welded joints, to ensure battery integrity and prevent waste.

Kuka Robotics has launched a new compact industrial robot. The company says its new KR 4 Agilus is “a hot candidate for first place in the small robotics charts from October onwards”.

Fanuc Robotics has launched a new “extremely compact” robot which it claims has the “best precision in its class”. The new M-10iD/16S robot is the most compact model of the M-10iD series, says Fanuc, adding that it combines the best features of its two predecessors, M-10iA/10MS and M-10iA/12S.

Hyundai Robotics has signed an agreement with Korea’s Asan Medical Center and KT for joint development and commercialization of smart hospital solutions on June 30th. The company is planning to prepare for the post-corona era with a smart hospital solution for infection management by ICT-based digital transformation.

Techman Robot, a manufacturer of collaborative robots, says it has adopted proactive steps against the new coronavirus. Techman Robot says it checks the health of its employees on a daily bases and collects global virus information. It also implementing prevention measures. The company maintains business communications online and is frequently in touch with all overseas offices, global distributors, partners, and customers.

HRG International Institute of Research and Innovation has unveiled a new floor cleaning robot, the SW10. The company says it is exclusively designed for floor cleaning tasks in commercial and industrial environments. The robot is combined with sweeping, mopping and vacuum cleaning functions and its work can maintain 2,000 square meters per hour.

Denso has established the Pittsburgh Innovation Lab, a new US research and development center designed to strengthen open innovation and enhance technology development that enables automated driving.

FedEx has installed industrial robotic arms to do what is considered the “most difficult” job to automate in a sorting facility in Memphis, USA. The logistics giant has integrated Yaskawa robots and software from Plus One Robotics into a robotic system that performs a task which involves picking up parcels or envelopes from a tray and placing them on a conveyor.

Foxconn, Apple’s main contract manufacturing partner, has moved a significant portion of its operations outside of China. The company has already moved an additional 5 percent of its operations to countries other than China, bring it up to 30 percent, compared with 25 percent last year.

Pittsburgh local authorities say they are looking to “infinity and beyond” after NASA awarded a local company, Astrobotic Technology, a $200 million contract to build and send the first-ever US robotic rover to the Moon by 2023.

Filed Under: Industry, News Tagged With: automated, automation, best, center, china, cleaning, compact, company, contract, control, designed, development, fanuc, floor, foxconn, friday, global, hospital, ia, industrial, infinity, innovation, kuka, launched, local, moved, news, operations, percent, pittsburgh, review, robot, robotic, robotics, robots, smart, system, techman, technology

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