Robotics & Automation News

Market trends and business perspectives

funding

Attabotics secures $72 million to automate legacy fulfillment centers

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Attabotics, a robotics-led supply chain company, has raised $71.7 million in Series C-1 funding led by Export Development Canada (EDC) with participation from Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through Teachers’ Venture Growth (TVG).

The round brings Attabotics’ total funding to $165.1 million to date and will be used to further accelerate the commercialization of its 3D robotics warehousing solution in the wake of growing post-Covid-19 demand.

Attabotics is the world’s first supply chain solution for modern commerce. The company’s all-in-one automated fulfillment system condenses a typical warehouse by creating a single, vertical storage structure. [Read more…] about Attabotics secures $72 million to automate legacy fulfillment centers

Civ Robotics raises $5 million seed funding round

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Civ Robotics has closed a $5 million seed funding round led by ff Venture Capital and Alley Robotics Ventures, with participation from Trimble Ventures.

Civ Robotics’ autonomous surveying solution, CivDot, is an unmanned ground vehicle (UGV), designed for civil engineering and infrastructure projects, such as solar farms, roadways, data centers and power plants to name a few.

Tom Yeshurun, co-founder and CEO of Civ Robotics, says: “The construction industry faces worker shortage challenges, and CivDot is empowering efficiency and safety on the job, while driving projects forward from the start. [Read more…] about Civ Robotics raises $5 million seed funding round

Digital manufacturing startup Bright Machines raises $132 million in new funding

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Bright Machines, a startup which describes itself as “an innovator in software-defined manufacturing”, has raised $132 million in debt and Series B equity funding.

The equity portion of the funding, worth $100 million, was led by Eclipse Ventures. The debt portion of the funding, worth $32 million, was led by Silicon Valley Bank, and Hercules Capital.

Bright Machines intends to use the funds to accelerate the company’s growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio of products. [Read more…] about Digital manufacturing startup Bright Machines raises $132 million in new funding

Galen Robotics closes oversubscribed $15 Million Series A funding round

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Galen Robotics, which describes itself as a “digital-surgery-as-a-service pioneer”, has completed the first close for an oversubscribed Series A round with $15 million in funding, including investment from Ambix Healthcare Partners, from Menlo Park, California.

Galen Robotics has submitted a new collaborative soft tissue surgical robot, intended to address unmet needs in the market, to FDA for consideration.

Galen plans to level the surgical playing field by erasing large capital expenditures associated with today’s surgical robots. Galen Robotics will be the first surgical robotics company to launch as “as-a-service” using the per-usage disposable model. [Read more…] about Galen Robotics closes oversubscribed $15 Million Series A funding round

Plymouth State University receives $1 million funding for new robotics lab

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The National Institute of Standards and Technology (NIST) is sending $1 million in federal funding to Plymouth State University (PSU) to aid in the construction of a new robotics laboratory to be located on the fourth floor of the Draper & Maynard Building at the Plymouth campus.

In fall 2021, PSU became the first New Hampshire institution to offer a Bachelor of Science in Robotics degree program.

PSU President Donald L. Birx, PhD says the university plans to use the funds to develop the next generation robotics workforce and machine-learning manufacturers with a new, state-of-the-art robotics lab. [Read more…] about Plymouth State University receives $1 million funding for new robotics lab

Numurus secures $2 million to grow its open-source robotic applications software business

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Numurus, a robotic solutions company and developer of NEPI, a commercial open-source software solution for robotic and smart sensing applications, has secured $2 million in funding led by Tokusui Corporation of America.

The startup says the funds will help it to establish its position in the rapidly growing robotics and smart sensing markets.

Combined with previous funding, this investment fortifies Numurus’ first-to-market entrance with its fully-developed NEPI software suite that focuses on edge artificial intelligence (Edge AI), sensor and data abstraction, and system interfacing. [Read more…] about Numurus secures $2 million to grow its open-source robotic applications software business

How investfox connects traders with the best possible brokers with the help of filters?

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Getting your feet wet in the investment industry is a bit of a complicated process. The first thing you need to do to make your trading process more efficient and beneficial is to find a financial service provider that will furnish you with proper tools, charts, trading platforms, accounts, and so forth.

As the demand for brokers increases as time goes by so does the competition between the financial companies. All of this makes it hard to find the most suitable brokerage for you. On top of that, as the investment space expands more and more scum and fraud cases are skyrocketing.

Investfox.com – a newly launched European startup – comes with solutions. This is a platform that aims to make the investment industry more transparent with the use of both experts and user-generated reviews and in addition to that, the process of choosing the right broker for you can become quite simple for both novice or seasoned traders. [Read more…] about How investfox connects traders with the best possible brokers with the help of filters?

Avidbots raises $70 million in latest funding round

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Avidbots, one of the world’s leading robotics companies, today announced it has raised $70 million in Series C funding.

The financing was led by Jeneration Capital, with strong participation from existing investors True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, and Kensington Capital Partners.

New investors – BMO Capital Partners, Golden Vision Capital and Nicola Wealth – also joined in the latest funding round. With this financing, Avidbots has raised more than $107 million to date. [Read more…] about Avidbots raises $70 million in latest funding round

Ottonomy closes $3.3 million seed funding round

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Ottonomy has closed its seed funding round of $3.3 million, bringing its total funding to date to $4.9 million.

The funding is planned to support the scale of Ottobots for fully autonomous airport, retail and restaurant deliveries with its robots.

The funding round is led by Pi Ventures who back deep tech startups. Connetic Ventures and Branded Hospitality Ventures and the Founder & CEO of Addverb Technologies, Sangeet Kumar, also joined this round; making the group a dynamic mix from retail, food and robotics industry investors for Ottonomy’s seed round. [Read more…] about Ottonomy closes $3.3 million seed funding round

Intelligent City raises $30 million to bring robotics and automation to prefabricated construction sector

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With pressure mounting for cities to address affordable housing needs, decarbonize buildings, and meet sustainability goals, housing technology company Intelligent City raised CAD 22 million ($17 million), bringing the total capital invested in the company to CAD 30 million ($23 million).

As one of the first companies in North America to apply automation and robotics to the design and manufacturing of prefabricated mass timber buildings, Intelligent City will use the funding to scale operations, commercialize its Platforms for Life (P4L) building solution, grow factory automation, and expand its footprint across and beyond Canada.

Earlier this year, the company completed testing of its building systems and is now verified to work within the new mass timber high-rise building codes in Canada and the US. [Read more…] about Intelligent City raises $30 million to bring robotics and automation to prefabricated construction sector