Robotics & Automation News

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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

DB Schenker invests in Volocopter as drone startup builds funds up to €87 million

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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

AI for robotics developer Covariant raises $40 million in funding

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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

TypingDNA Aims to Increase the Adoption of Behavioral Biometrics Worldwide

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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

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