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funding

Yarbo secures $27+ million Series B funding to accelerate global expansion

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Yarbo, a provider of multipurpose intelligent yard robots, has successfully closed its Series B funding round, raising approximately $27 million.

The round was backed by a group of strategic and financial investors, bolstering Yarbo’s vision of reimagining how the world handles outdoor work – one season at a time.

This fresh injection of capital will turbocharge Yarbo’s ability to scale mass production, enhance supply chain resilience, and deepen investment in R&D, fuelling faster product optimisation and iteration. [Read more…] about Yarbo secures $27+ million Series B funding to accelerate global expansion

Embodied AI startup Sereact raises €25 million to boost AI-powered robotics

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Embodied AI startup Sereact says it is on a “mission to redefine what’s possible with AI-driven robotics”. The company has reached a major milestone by securing €25 million in Series A funding.

The Series A round was led by Creandum, alongside significant participation from existing investors Point Nine and Air Street Capital, as well as prominent business angels, including former Formula 1 World Champion Nico Rosberg, Mehdi Ghissassi (ex Google DeepMind), Ott Kaukver (Skype), Lars Nordwall (ex neo4j), Rubin Ritter (ex Zalando), Torsten Reil, and Niklas Köhler (both Helsing).

The company says this funding represents more than just an investment in Sereact’s technology – it underscores the immense potential of AI in robotics and the trust that industry leaders place in the company’s vision. [Read more…] about Embodied AI startup Sereact raises €25 million to boost AI-powered robotics

Cornerstone Robotics raises over $70 million to commercialize robotic surgery system

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Cornerstone Robotics, a developer of surgical robotics, has successfully raised over $70 million in Series C financing led by EQT with participation from Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC, Long-Z Capital, and others.

This funding will accelerate the company’s efforts in advancing the commercialization process, developing new surgical robotics products, conducting clinical trials, obtaining regulatory approvals, and promoting global adoption of advanced robotic surgical solutions.

In addition to receiving funding from a group of prominent investors, the Company headquartered in Hong Kong and the Greater Bay Area, also received investment from the Innovation and Technology Venture Fund under the Innovation and Technology Commission of the Hong Kong Special Administrative Region Government. [Read more…] about Cornerstone Robotics raises over $70 million to commercialize robotic surgery system

Deus Robotics secures $3 million investment to enable robot interoperability for warehouses

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Deus Robotics, a provider of warehouse robotic automation, has closed a $3 million seed funding round led by U.Ventures, with participation from 1991 Ventures, SID Venture Partners, Sigma Software Labs, and SD Capital.

The company offers an end-to-end robotic automation solution consisting of a unique AI platform that enables seamless integration, management, and optimization of robots from any manufacturer, and an advanced fleet of AI-enhanced robots from a variety of manufacturers to meet the majority of warehouse automation needs.

Deus Robotics seeks to leverage the funding to fine-tune its product and fuel robotic adoption across the warehouse industry, primarily in the UK. [Read more…] about Deus Robotics secures $3 million investment to enable robot interoperability for warehouses

RoboForce raises $10 million to build robots for solar and space industries

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RoboForce, the world’s most advanced “Robo-Labor” provider, today announced it has raised $10 million early stage funding with support from investors such as Nobel Laureate Myron Scholes, co-founder of Softbank VC (SBVC) Gary Rieschel, and Carnegie Mellon University.

With this funding, RoboForce is emerging from stealth as it prepares to deploy its Robo-Labor this year for early customers, for whom robots can fulfill labor shortages in harsh outdoor conditions, complete the most hazardous tasks in dangerous work environments, and maximize project efficiency and cost savings.

With 1mm accuracy in performing fine motor skills like picking, placing, pressing, twisting and connecting, the Robo-Labor has all-terrain mobility, precise manipulation, learning, communication, and safety compliance capabilities. RoboForce’s robots are unparalleled in the emerging field of AI robotics. [Read more…] about RoboForce raises $10 million to build robots for solar and space industries

Embotech receives $27 million in funding to expand its autonomous tow truck business

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Embotech, an innovator in autonomous driving solutions for industrial logistics, has received CHF23.5 million (approximately $27 million) in Series B funding to help the company scale its autonomous tow truck business.

The company calls its solutions “Automated Vehicle Marshalling” (AVM) and “Autonomous Terminal Tractor” (ATT). The plan is to expand in Europe initially, and then in the United States, Middle East, and Asia.

The funding round is led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC and existing investors.

Embotech, short for embedded optimization technologies, has already secured landmark multi-year rollout contracts for its AVM solution in finished vehicle logistics and its ATT solution for port and yard logistics applications. [Read more…] about Embotech receives $27 million in funding to expand its autonomous tow truck business

Surgical robotics startup Capstan Medical raises $110 million in new funding

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Capstan Medical, a developer of robotic enabled minimally invasive solutions to address heart valve disease, announced today its $110 million Series C to further advance its mission of bringing its innovative structural heart solution to patients.

The round was led by Eclipse, with participation from existing investors Yu Galaxy and Intuitive Ventures, and new investment from Gideon Strategic Partners.

Heart disease has remained the leading cause of death in America for over 100 years, claiming a life every 33 seconds. Today, there are more than 7 million people in the US with heart valve disease, a complex condition made up primarily of mitral and tricuspid valve disease. [Read more…] about Surgical robotics startup Capstan Medical raises $110 million in new funding

Vecna Robotics raises additional $14.5 million and appoints new CEO

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Vecna Robotics, a specialist in robotic material handling, has raised $14.5 million in additional funding from existing investors.

Proceeds of the funding round are earmarked to accelerate technology and product enhancements to address the automation needs of operators in automotive, general manufacturing, and high-volume warehousing.

Vecna has also appointed Karl Iagnemma as its new CEO. Iagnemma is a robotics expert and entrepreneur with a distinguished career blending academic research and industry leadership. [Read more…] about Vecna Robotics raises additional $14.5 million and appoints new CEO

Indian robotics startup CynLr raises $10 million Series A funding

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Cybernetics Laboratory (CynLr), which describes itself as an “Indian deeptech robotics startup”, has raised $10 million in a fresh round of Series A funding led by Pavestone and Athera Venture Partners (formerly Inventus India).

This new investment brings its total funding to $15.2 million. Existing investors Speciale Invest, Infoedge (Redstart) and others also participated in this round of fundraising.

CynLr will now expand its 60-member core team to a 120-member global team. Along with expanding its research and software-development team, CynLr will be hiring business and operational leaders, marketing and sales teams across India, US and Switzerland. [Read more…] about Indian robotics startup CynLr raises $10 million Series A funding

Third Wave Automation closes $27 million Series C funding to scale autonomous forklifts

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Third Wave Automation, a provider of autonomous high-reach forklifts, has closed a $27 million Series C round led by Woven Capital, Toyota’s growth fund.

Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures joined the round, bringing total capital raised to $97 million.

The funding will enable Third Wave to scale its “Shared Autonomy Platform”, expand manufacturing of its multimode TWA Reach forklifts, and support future technology development that advances the use of autonomous forklifts in and around warehouse environments. [Read more…] about Third Wave Automation closes $27 million Series C funding to scale autonomous forklifts