Robotics & Automation News

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funding

ForwardX Robotics raises $38 million in new funding, bringing total to $74 million

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ForwardX Robotics, a developer of autonomous mobile robots for warehousing and manufacturing environments, has closed its Series B funding by raising another round of more than $38 million led by CDH Investments’s VGC, Eastern Bell Capital, and Dohold Capital. Other investors include Angel Around and ZGC Group.

This funding brings ForwardX’s total Series B funding to over $63 million after an initial round of $10 million in March 2019 and an extension of $15 million in April 2020. Since its founding in 2016, ForwardX has now raised close to $74 million in venture capital.

Nicolas Chee, founder and CEO of ForwardX Robotics, says: “Our customers in the warehousing and manufacturing industries come to us to transform their operations and help them unlock new levels of efficiency that were previously unattainable. [Read more…] about ForwardX Robotics raises $38 million in new funding, bringing total to $74 million

ANYbotics raises $23 million in Series A funding

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ANYbotics, a maker of four-legged robots, has raised CHF20 million ($23 million) in its Series A financing round led by Swisscom Ventures.

The startup says the funding will serve to accelerate the commercialization of its autonomous robots for industrial inspection applications.

ANYbotics enhances safety and productivity in industrial operations through autonomous mobile robots capable of navigating complex environments. [Read more…] about ANYbotics raises $23 million in Series A funding

Oqton raises over $40 million investment for its digital manufacturing platform

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Oqton, an American-Belgian software company specialising in artificial intelligence-powered solutions for the manufacturing industry, has raised more than $40 million in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.

The founding team – Samir Hanna and Ben Schrauwen – and several angel investors, including Carl Bass, who is the former CEO Autodesk, Dries Buytaert, of Drupal and Acquia, and Peter Mercelis, of Layerwise, also participated in the round.

The financing will be used to further develop its platform, while expanding its commercial partnerships in multiple domains and verticals, including additive manufacturing, robotic welding, and CNC machining. [Read more…] about Oqton raises over $40 million investment for its digital manufacturing platform

Sarcos Robotics raises $40 million in Series C funding

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Sarcos Robotics, a global leader in the production of robots that augment humans to enhance productivity and safety, announced that it has raised $40 million in an oversubscribed Series C financing round.

The Series C round was led by Rotor Capital, with most of the company’s existing investors participating in the financing.

The Series C funding will be used to begin commercial production of the company’s Guardian XO industrial exoskeleton – the world’s first full-body, battery-powered wearable industrial robot designed to increase strength and endurance – scheduled for commercial release in 2021. [Read more…] about Sarcos Robotics raises $40 million in Series C funding

Robotic and Automation News Review: OnRobot updates software, drones fly through deep mines, Toyota partners with Ridecell, and much more…

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Robotic and Automation News Review Monday 24 August 2020

This is a new, weekly column which rounds up all the most interesting news from the robotics and automation industry in the past seven days, in brief form.

Usually, we try to publish the review on Fridays, but because of technical problems last week, it has been delayed until today. Apologies for that.

This Robotics and Automation News Review is also available to view on our YouTube channel. (See video below.)

Please support our website by subscribing to our YouTube channel, by sharing the stories we publish on social media, and by purchasing premium subscriptions to RoboticsAndAutomationNews.com, as well as through corporate sponsorships and advertising.

[Read more…] about Robotic and Automation News Review: OnRobot updates software, drones fly through deep mines, Toyota partners with Ridecell, and much more…

Warehouse automation company Attabotics raises $50 million in new funding

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Attabotics, a warehouse automation company, has raised $50 million in Series C funding.

The investment round was led by Ontario Teachers’ Pension Plan Board through its Teachers’ Innovation Platform, along with existing investor Honeywell, and brings Attabotics’ total funding to $82.7 million,

Attabotics says the new money will be used to “further accelerate its commercialization, invest in new technologies, scale manufacturing operations, and more”. [Read more…] about Warehouse automation company Attabotics raises $50 million in new funding

New AppHarvest funding round brings total to $150 million

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Indoor farming startup AppHarvest has raised $28 million in its latest funding round, bringing the total to $150 million.

As Bloomberg reports, AppHarvest is building “the world’s largest greenhouse” in Morehead, Kentucky in the US.

AppHarvest uses similar indoor farming techniques to those used by so-called “vertical farming” companies in that it can irrigate its crops using 90 percent less water than traditional farming techniques. [Read more…] about New AppHarvest funding round brings total to $150 million

AImotive becomes ‘most-funded’ automated driving software supplier in Europe

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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 raises $40 million in new Investment to bring total to $105 million

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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 raises $29 million in new funding for its autonomous mobile robots business

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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

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