Robotics & Automation News

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funding

Bossa Nova Robotics raises $29 million in latest funding round

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Bossa Nova Robotics, a provider of real-time, on-shelf product data for the global retail industry, has closed a $29 million funding round led by Cota Capital.

With new participation from China Walden Ventures, LG Electronics, and existing investors, this brings Bossa Nova’s total funding to $70 million.

The company says the funding will support the growth in the number of employees by 50 percent and will further its research and development efforts. Additionally, the company is exploring opening international offices due to high global retailer interest.  [Read more…] about Bossa Nova Robotics raises $29 million in latest funding round

Bossa Nova Robotics raises $29 million for grocery store robot

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Bossa Nova Robotics has raised $29 million in its latest funding round, according to reports in the media. 

Bossa Nove makes mobile robots that can wander along the aisles of a grocery store and check the shelves to see if any product lines need to be replenished.

Its robots are currently used in 50 Walmart stores, according to the Wall Street Journal.

More as and when we get it.

Starship Technologies raises another $25 million in funding and appoints new CEO

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Starship Technologies, the maker of small autonomous vehicles for home deliveries, has raised another $25 million in additional seed funding and has appointed Lex Bayer as chief executive officer.

The round includes follow-on investments from existing investors including Matrix Partners and Morpheus Ventures.

Additional investors include Airbnb co-founder Nathan Blecharczyk, Skype founding engineer Jaan Tallinn, and former chairman and CEO of Metro-Goldwyn-Mayer, Gary Barber.  [Read more…] about Starship Technologies raises another $25 million in funding and appoints new CEO

Soft Robotics raises $20 million in ‘oversubscribed’ funding round

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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 raises $38 million funding for its autonomous driving technology

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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

Lidar developer Ouster backed by Cox Enterprises raises $27 million

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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 raises another $25 million in funding

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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 raises $114 million to develop self-driving technology for robots

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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

BMW and General Electric invest in Xometry manufacturing marketplace

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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