Robotics & Automation News

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funding

Advanced Farm Technologies completes $25 million Series B funding round

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Advanced Farm Technologies, developers of robotic technology for farmers, has completed a series B investment round raising $25 million to support the company’s growth in strawberry harvesting and the adaptation of its technology to apple harvesting.

The Series B funding round was led by Catapult Ventures and included all the Series A investors Kubota Corporation, Yamaha Motor Corporation, and Impact Ventures.

Kyle Cobb, president, and co-founder of Advanced Farm Technologies, says: “It is gratifying to have the ongoing support and commitment from our early investors in this funding round. It reflects all of our team’s hard work to develop and bring our TX Strawberry Harvester to the market. [Read more…] about Advanced Farm Technologies completes $25 million Series B funding round

Warehouse robotics startup Hai Robotics raises $200 million in funding

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Hai Robotics, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics system, has secured two new continuous rounds of financing, generating more than $200 million in total.

The new money is to be invested in boosting Hai’s robot fleet with technological upgrades, expanding its global operation networks, optimizing its supply chain management and corporate structure as well as talent.

The C round funding was led by 5Y Capital with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International and Scheme Capital. [Read more…] about Warehouse robotics startup Hai Robotics raises $200 million in funding

Locus Robotics secures $50 million in additional funding 
to accelerate global expansion

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Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, has secured $50 million in additional funding from existing investor Tiger Global Management.

The funds will be used to facilitate continued growth and expansion into new markets around the globe, and more effectively meet the needs of its growing customer and partner ecosystem.

Rick Faulk, CEO of Locus Robotics, says: “At a time of increasing volumes and ongoing labor shortages, this new round of funding underscores how critical flexible, scalable, intelligent robotics automation has become to the warehouse and the supply chain. [Read more…] about Locus Robotics secures $50 million in additional funding 
to accelerate global expansion

Ambi Robotics raises $26 million in Series A funding led by Tiger Global

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Ambi Robotics, a developer of AI for highly-dexterous robotics, has closed a $26 million Series A funding round. The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund.

The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth.

The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations. [Read more…] about Ambi Robotics raises $26 million in Series A funding led by Tiger Global

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

Gatik raises $85 million in Series B funding for its autonomous delivery trucks

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Gatik has raised investment of $85 million in Series B funding to “significantly expand North America’s first autonomous middle mile logistics network”.

The company says the round was “heavily oversubscribed” and brings the total amount raised by Gatik to $114.5 million.

The round was led by new investor Koch Disruptive Technologies (KDT), renowned for supporting high-growth companies that disrupt current market alternatives with demonstrated technology. [Read more…] about Gatik raises $85 million in Series B funding for its autonomous delivery trucks

Autonomous vehicles ranked among top 10 innovations attracting investment

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The convergence of automotive and technology industries is accelerating the pace of innovation in the mobility and transportation sectors, leading to a surge in patent grants relevant to autonomous vehicles while also attracting venture capital investors’ interest in the area.

GlobalData, a leading data and analytics company, has ranked autonomous vehicles among the top 10 innovation-led technologies.

GlobalData’s Technology Innovation Intensity framework is a proprietary data-driven model that incorporates key innovation drivers from alternative datasets such as patents and deals to track a technology’s pace of innovation as well as its lifecycle stage. [Read more…] about Autonomous vehicles ranked among top 10 innovations attracting investment

Scythe Robotics launches with $18.6 million funding to ‘transform commercial landscaping with autonomous mower’

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Scythe Robotics, a builder of commercial-grade autonomous robotic solutions for the landscaping industry, has emerged from stealth with its first offering: an all-electric, fully autonomous mower, designed completely in-house to be “the most advanced, reliable, and sustainable commercial-grade mower in the industry”.

Scythe has also completed its $13.8 million in Series A funding led by Inspired Capital with participation from existing investors True Ventures, Zigg Capital, and Lemnos, bringing the company’s total funding to $18.6 million.

The new investment will be used to grow the company’s existing operations in Texas, Florida and Colorado, expand with new customers, and accelerate development of further products to revolutionize how commercial landscape contractors care for outdoor environments. [Read more…] about Scythe Robotics launches with $18.6 million funding to ‘transform commercial landscaping with autonomous mower’

Teradyne leads $20 million funding round for MachineMetrics

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MachineMetrics, an industrial data startup that helps improve manufacturing performance through autonomous machining, has raised $20 million in Series B financing.

The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations.

Bill Bither, co-founder and CEO of MachineMetrics, says: “Manufacturing is on the brink of a digital renaissance. The intersection of software, big data and physical machinery is the next frontier for manufacturing and a proven solution for overcoming the production and labor shortages we are experiencing right now. [Read more…] about Teradyne leads $20 million funding round for MachineMetrics

EasyMile raises €55 million to scale up its autonomous vehicles business

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EasyMile, a developer of driverless vehicle solutions for material handling and shared passenger transport, has closed a €55 million Series B funding round.

Led by Searchlight Capital Partners, a private investment firm, with McWin and NextStage AM, the round saw all EasyMile’s earlier investors, including Alstom, Bpifrance and Continental, also participating.

The funding will facilitate the completion of EasyMile’s product and technology roadmap while accelerating its international expansion and client service. [Read more…] about EasyMile raises €55 million to scale up its autonomous vehicles business

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