Robotics & Automation News

Where Innovation Meets Imagination

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Finger Lakes college partners with New Scale Robotics to develop collaborative robot tools

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Finger Lakes Community College has been awarded a $50,000 manufacturing grant from the FuzeHub Innovation Fund to support its work with New Scale Robotics, accelerating development of New Scale’s precision measurement and gripping tools for a wide range of collaborative robots.

New Scale has a line of precision grippers, calipers and other tools that install in minutes on cobots from Universal Robots.

New Scale will collaborate with Dr Sam Samanta, head of the Instrumentation and Controls program at FLCC, and his students to develop a Smart Platform that expands plug-and-play compatibility of New Scale Robotics tools to multiple additional cobot brands. [Read more…] about Finger Lakes college partners with New Scale Robotics to develop collaborative robot tools

Self-driving tech startup Voyage Auto raises $31 million in funding

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A self-driving technology startup called Voyage Auto has raised $31 million in Series B funding.

The investment round was led by Franklin Templeton, with significant participation from Khosla Ventures, Jaguar Land Rover’s InMotion Ventures, and Chevron Technology Ventures.

The latest funding round brings Voyage Auto’s total capital raised to $52 million. [Read more…] about Self-driving tech startup Voyage Auto raises $31 million in funding

ESMERA opens €200,000 competition to fund small businesses developing robotics solutions

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The EU funded robotics project ESMERA – the European SMEs Robotics Applications – has opened its second open call to help fund small businesses developing robotic solutions for enterprise applications.

Within that call, industrial end-users have defined specific challenges that are to be solved by introducing a robotics solution.

The challenges come from the areas of manufacturing, energy, construction, agriculture, food processing, retail, healthcare and emergency response. [Read more…] about ESMERA opens €200,000 competition to fund small businesses developing robotics solutions

Yamaha taps into its $100 million fund to invest in Advanced Farm Technologies

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Yamaha is using part of its $100 million investment fund to buy a stake in Advanced Farm Technologies.

Yamaha Motor Ventures & Laboratory Silicon Valley led the Series A funding round for the startup.

Yamaha says this latest investment reflects the company’s “core interest in businesses driving innovation in the agricultural sector. [Read more…] about Yamaha taps into its $100 million fund to invest in Advanced Farm Technologies

GM’s autonomous driving business Cruise raises another $1.15 billion

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The autonomous driving business which General Motors acquired three years ago, Cruise, has raised more than $1 billion in its latest funding round, bringing total capital raised to approximately $7 billion.

Cruise says the equity investment of $1.15 billion is from a group comprising institutional investors, including funds and accounts advised by T. Rowe Price Associates, and existing partners GM, SoftBank Vision Fund and Honda.

Dan Ammann, Cruise CEO, says: “Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation.

[Read more…] about GM’s autonomous driving business Cruise raises another $1.15 billion

Hitachi establishes venture capital fund for start-up partners

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On 1 June, Hitachi is to establish a new corporate venture capital (CVC) fund, Hitachi Ventures Fund, and unit, Hitachi Ventures GmbH (HVG), whose responsibility will be to identify and acquire equity interests in fast-growing innovative start-ups globally.

HVG will hire top external talents with experience and capability on CVC activities to invest to and collaborate with start-ups globally.

Stefan Gabriel, former president of 3M New Ventures, is to be CEO of HVG. The unit will start life with $150M.

[Read more…] about Hitachi establishes venture capital fund for start-up partners

Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

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Taxi-sharing app maker Uber has been promised $1 billion in investment from companies including Toyota, Denso, and SoftBank Vision Fund.

The new funds will help accelerate the development and commercialization of its ridesharing services, says Uber in a statement.

Under the terms, Toyota and Denso will together invest $667 million and SVF will invest $333 million, valuing the new “Uber Advanced Technologies Group” entity at $7.25 billion on a post-money basis. [Read more…] about Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

Plenty attracts ‘largest-ever agriculture technology investment’ led by SoftBank to develop indoor farms in city centres

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A company called Plenty claims it has attracted the “largest-ever agriculture technology investment”. 

The company says the investment will drive its development of its global, large-scale indoor farm network to deliver “radically fresher, affordable food to local communities everywhere”.

Plenty describes itself as a “field-scale indoor farming company remaking the global food system”.  [Read more…] about Plenty attracts ‘largest-ever agriculture technology investment’ led by SoftBank to develop indoor farms in city centres

Investing in robotics and automation – part one

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Picture credit: Flickr

Beginning a new series of articles about investing in robotics and automation, Brian Gahsman, managing partner and chief investment officer at GBSfunds.com, explains how his company, Gahsman Branton, approaches the market 

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Source: Gahsman Branton 

Check out realtime stock prices for companies in the robotics, automation and relating computing sectors

Robotics and Automation News: Tell us about GBS Funds and what its aims are. Tell us about the composite and investment fund for the “robotics revolution” as you call it.

Brian Gahsman: GBS Funds is an investment management company which was started by Rob Branton and myself this year. We are launching our first fund, the GBS Global Innovations Fund on October 1st 2016.

The fund’s main focus is investing in companies worldwide which play a critical role in the global robotics and automation revolution. The strategy will also invest in game changing innovations across other diverse industries and sectors.

In early 2014 I began to research the technological evolution of global robotics and automation comparative to capacity and demand which became a sub strategy of a previous fund that I co-managed.  [Read more…] about Investing in robotics and automation – part one