Market trends and business perspectives
Industrial robotics company Soft Robotics has raised $20 million in what it says was “an oversubscribed funding round”.
The new investors include Scale Venture Partners, Calibrate Ventures, Honeywell Ventures, Tekfen Ventures, Yamaha Motor, with Hyperplane Venture Capital leading the round.
Existing investors include Material Impact, ABB Technology Ventures, Taylor Farms Ventures and Haiyin Capital. [Read more…] about Soft Robotics raises $20 million in ‘oversubscribed’ funding round
AImotive, a startup developer of autonomous vehicle technology, has closed its $38 million Series C funding round.
The funding round was led by B Capital Group and Prime Ventures, with participation from Cisco Investments, Samsung Catalyst Fund, and Series A and B investors Robert Bosch Venture Capital, Inventure, Draper Associates and Day One Capital.
AImotive will use this new round of funding to continue developing its proprietary autonomous driving technology, which relies primarily on affordable, off-the-shelf camera sensors and artificial intelligence-based vision processing. [Read more…] about AImotive raises $38 million funding for its autonomous driving technology
A startup company called Ouster has raised $27 million in its Series A funding round, led by Cox Enterprises, a diversified company which has a very large automotive business unit.
Ouster is a developer of light detection and radar systems, or lidar, which is said to be a critical component in many new technologies, including autonomous cars. A lidar unit can often be seen on top of self-driving cars, and looks a bit like a siren light.
Ouster’s new product is called OS1 Lidar, which is likely to find wide application as a perception technology for the autonomous vehicle and robotics sectors. [Read more…] about Lidar developer Ouster backed by Cox Enterprises raises $27 million
Locus Robotics has raised $25 million in its latest funding round.
Locus makes autonomous, mobile robots for use in e-commerce fulfillment warehouses, today announced it has secured $25 million in Series B funding led by Scale Venture Partners, a Silicon Valley-based venture capital firm investing in the future of work.
Existing investors also participated in the round. [Read more…] about Locus Robotics raises another $25 million in funding
Brain Corp, an artificial intelligence company specializing in the development of self-driving technology for robots, has raised $114 million in a Series C funding round led by the SoftBank Vision Fund.
Brain has developed AI and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.
The investment will be used to further develop AI technology and create brains for multiple types of commercial and consumer robots. [Read more…] about Brain Corp raises $114 million to develop self-driving technology for robots
An online marketplace which offers custom-manufactured parts using 3D printing and machine learning to generate instant price quotes has raised $15 million in its latest funding round.
Relatively new startup company Xometry – which rhymes with geometry and is pronounced zometry – has raised a total of $38 million since it was established in 2013.
The company already generates approximately $20 million in annual revenue and has hundreds of providers and more than 5,000 customers. [Read more…] about BMW and General Electric invest in Xometry manufacturing marketplace
Rethink Robotics, maker of the Baxter and Sawyer industrial robots, says it has raised new funds for global expansion and new product development
Rethink Robotics has raised $18 million in new funding as part of its Series E financing round.
The new round includes funding from leading asset manager and private equity investment firm, Adveq, as well as contributions from all previous investors, including Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, DFJ, Two Sigma Ventures, GE Ventures and Goldman Sachs.
The funding will support Rethink’s global expansion initiatives and new product development, says the company. [Read more…] about Rethink Robotics raises $18 million in new funding
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