Market trends and business perspectives
AImotive claims it has become “the most-funded automated driving software supplier in Europe” after its latest investment round.
AImotive, an automated driving technology company, says the new funding round has raised $20 million, and comes despite amid the global coronavirus pandemic.
The round was led by Lead Ventures, a Budapest based scale-up investor. [Read more…] about AImotive becomes ‘most-funded’ automated driving software supplier in Europe
Locus Robotics, a manufacturer of autonomous mobile robots for fulfillment warehouses, has raised more than $40 million in new investment.
The Series D funding was led by Zebra Ventures, the strategic investment arm of Zebra Technologies. Existing investors, including Scale Venture Partners, also participated in the round.
The new funding brings Locus Robotics’ total funding to more than $105 million. [Read more…] about Locus Robotics raises $40 million in new Investment to bring total to $105 million
Otto Motors, a division of Clearpath Robotics, has raised $29 million in Series C funding. The company says the new funds will be used for the continued expansion of its autonomous mobile robot platform.
The investment, which follows years of rapid growth, was led by Kensington Private Equity Fund with participation from BMO Capital Partners, Export Development Canada, and previous investors iNovia Capital and RRE Ventures.
Including this Series C round, Otto Motors has now raised a total of $83 million in funding. [Read more…] about Otto Motors raises $29 million in new funding for its autonomous mobile robots business
DB Schenker, a global logistics company, has invested in Volocopter, a startup developing a new type of passenger-carrying drone which can also be used for good distribution.
DB Schenker says its investment shows that it is “a pioneer of urban air mobility”. With the new investment, Volocopter has extended its Series C funding to now a total of €87 million.
Besides DB Schenker, Mitsui Sumitomo Insurance Group, MS&AD Ventures, and TransLink Capital (Japan Airlines and Sompo Japan Insurance) join the round as new investors, existing investors Lukasz Gadowski and btov also invested. [Read more…] about DB Schenker invests in Volocopter as drone startup builds funds up to €87 million
The robotics industry received record investment in 2019, totaling $46 billion.
According to recent figures published by global tech advisory firm ABI Research, a total of $17.8 billion went to acquisitions and a further $29 billion went into investments.
Most of the funding was focused on autonomous passenger vehicles, surgical robotics, and warehouse automation, with significant growth for field robotics and drone services. [Read more…] about Robotics industry raised $46 billion funding last year
Covariant, a developer of artificial intelligence for robotics, has raised $40 million in Series B funding, bringing its total funding to $67 million.
The round was led by Index Ventures, along with AI-focused Radical Ventures and participation from existing investor Amplify Partners and others.
Covariant will use the funding to accelerate its partnerships, introduce AI Robotics to new industries, and grow its research, engineering and commercial teams. [Read more…] about AI for robotics developer Covariant raises $40 million in funding
Behavioral biometrics company TypingDNA has announced a successful funding round, capping at $7,000,000.
TypingDNA was founded in Romania in 2016. Since 2018 they have a branch in New York and have raised around $8.8 million to date. Google’s AI-focused venture fund, Gradient Ventures, and EU-based fund GapMinde led the latest funding round.
With their funding secured, TypingDNA hopes to expand the adoption of behavioral biometrics worldwide. They will start by increasing the number of platforms their API can integrate with. [Read more…] about TypingDNA Aims to Increase the Adoption of Behavioral Biometrics Worldwide
Startup company Naïo Technologies has raised €14 million in a new funding round to develop and expand its farming robots business.
After a first round of €3 million in 2015, the French start-up Naïo Technologies specialized in agricultural robots, announces the closing of a €14 million funding round led by Bpifrance.
Impact investor Pymwymic and Codema and its historical shareholders, Demeter and Capagro, flanked Bpifrance in this investment round. [Read more…] about Naïo Technologies raises €14 million for farm robot business
May Mobility, an autonomous transportation-as-a-service provider, has closed a $50 million Series B funding round led by Toyota.
There was also participation from Sparx Group, alongside return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures.
The company says the round will help fund strategic hires across the engineering and operations functions, and expansion of the vehicle fleet to meet growing demand. [Read more…] about May Mobility raises $50 million in funding round led by Toyota
Gecko Robotics has raised $40 million in funding to develop its energy infrastructure inspection robots.
A Y-Combinator alum, Gecko Robotics raised the $40 million in its Series B round, which was led by Drive Capital.
Gecko already partners with the largest brands in power, oil and gas and manufacturing industries. [Read more…] about Gecko Robotics raises $40 million in funding for energy infrastructure inspection robots
Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.
Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.
Thank you.
This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.
If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.
We’d be happy to hear from you, and will always reply as soon as possible.
We support the principles of net neutrality and equal opportunities.
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
