Robotics & Automation News

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Robotic delivery company Starship Technologies raises $90 million in new funding

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Starship Technologies, the company making science fiction a reality by putting delivery robots on streets in the US and Europe, has raised $90 million in new funding, co-led by Plural and Iconical.

The fresh investment, which brings the total raised by Starship to $230 million since its creation in 2014, will be used to expand globally as Starship looks to take advantage of the unstoppable rise in demand for home deliveries.

Launched in 2014, Starship’s delivery robots have become a common sight on streets across Europe and the US and the company is now the world’s leading autonomous delivery service, making more than six million deliveries and transforming last-mile delivery. [Read more…] about Robotic delivery company Starship Technologies raises $90 million in new funding

PaintJet raises $10 million in Series A funding

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PaintJet, the robotics company bringing automation to industrial painting, has raised $10 million in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages.

The latest round of funding was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures. This brings PaintJet’s total funding to $14.75 million.

Every single commercial building needs to be painted for protection from the natural environment, but the American painting sector is in crisis, lacking 100,000 laborers that are needed to meet today’s project demands. [Read more…] about PaintJet raises $10 million in Series A funding

Exoskeleton company German Bionic receives further funding to scale up

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German Bionic, the leading provider of electrically powered back exoskeletons for industry, logistics, and healthcare, continues to experience strong growth in demand for its smart power suits.

Both the Apogee and the Apogee+, which was specially developed for the care sector, are the world’s first AI-based, fully-connected robotic wearables for the workplace.

The self-learning e-exoskeletons amplify lifting movements, give walking assistance, and prevent poor posture. An integrated ergonomic early warning system also supplies real-time data collected during the course of the working day to simultaneously protect employees’ health, measurably reduce the risk of accidents, and improve work processes. [Read more…] about Exoskeleton company German Bionic receives further funding to scale up

Bota Systems raises $2.5 million in seed round to ‘give robots sense of touch’

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Bota Systems, a pioneer in advancing robotics with force torque sensing solutions, announces the completion of a $2.5 million seed round led by Marathon Venture Capital, along with the participation of angel investors.

As part of the round, Bota Systems will grow the team to address increasing demand by leading research labs and manufacturing companies globally, along with accelerating its ambitious product roadmap towards delivering a superior robotic platform with outstanding sensitivity. [Read more…] about Bota Systems raises $2.5 million in seed round to ‘give robots sense of touch’

Neura Robotics secures $16 million from InterAlpen Partners

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Neura Robotics, an emerging AI and robotics startup based in Germany, has closed a $16 million investment round with American private equity firm InterAlpen Partners.

This comes less than three months after the German company closed a $55 million funding round with leading European investors, garnering recognition from the New York Stock Exchange. InterAlpen’s investment in Neura will bolster its growth and expansion into the US market.

Robots based on the Neura Robotics platform are able to see, hear and perceive touch. Combined with reflexive sensory processing, these capabilities are essential for autonomous and predictive action. [Read more…] about Neura Robotics secures $16 million from InterAlpen Partners

Fernride raises $50 million in Series A funding to scale autonomous yard trucking

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Germany-based autonomous trucking innovator Fernride has closed a further $19 million in its Series A funding, pushing the total round amount to $50 million.

This comes as the company strengthens its focus on advancing the transition towards automated and sustainable logistics by creating the world’s leading human-machine collaboration technology.

The funding increase will further cement Fernride’s position as a leader in autonomous, electric trucking by accelerating its growth. [Read more…] about Fernride raises $50 million in Series A funding to scale autonomous yard trucking

Olis Robotics secures $4 million funding to meet ‘surging demand’ for remote robot management

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Olis Robotics, specialists in remote monitoring, control, and error recovery technology for industrial robots, has raised $4.1 million funding in a round led by PSL Ventures.

Additional investors include Tectonic Ventures, Ubiquity Ventures, as well as several prominent strategic angel investors, including robotics pioneer Daniel Theobald, the president and co-founder of MassRobotics and founder and chairman of Vecna Robotics.

By safely enabling remote monitoring, control, and troubleshooting of industrial robots, Olis Robotics’ unique “Olis Connect” system significantly improves Overall Equipment Effectiveness (OEE), effectively addressing costly robot downtime. [Read more…] about Olis Robotics secures $4 million funding to meet ‘surging demand’ for remote robot management

Neura Robotics raises $55 million in fresh capital

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Neura Robotics, an emerging AI and robotics startup, has closed a $55 million funding round, led by European investors Lingotto, an investment management company owned by Exor, Vsquared Ventures, Primepulse and HV Capital.

Neura Robotics has risen to become a global pioneer in cognitive robotics in just three years and claims innovation leadership in the industry.

As the first company to combine AI and robotics, Neura unveiled the world’s first market-ready cognitive cobot shortly after its founding. [Read more…] about Neura Robotics raises $55 million in fresh capital

Simbe Robotics raises $28 million in Series B funding

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Simbe Robotics, the company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has closed a Series B equity financing round of $28 million, led by Eclipse.

As one of the premier venture firms specializing in the digital transformation of essential physical industries that impact daily life, Eclipse brings invaluable knowledge and expertise that will propel Simbe through its next phase of growth.

Their investment marks a vote of confidence in emerging retail and grocery technologies, and will enable Simbe to meet rising global customer demand, enter future product areas, expand its team, and continue delivering value to new and existing partners by optimizing both in-store and e-commerce operations. [Read more…] about Simbe Robotics raises $28 million in Series B funding

Realtime Robotics raises $9.5 million in additional funding

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Realtime Robotics, a developer of collision-free autonomous motion planning for industrial robots, today announced that it has secured an additional $9.5 million in funding from Shinhan GIB and Kyobo Life Insurance.

Driven by the strong response to its RapidPlan industrial robotics motion control and collision avoidance software, Realtime will use this additional investment to drive further product enhancements, incorporate feedback from customers and partners, and scale to support additional go-to-market efforts.

RapidPlan reduces the annual costs of robotic automation by two-thirds and makes the robot programming process up to 5x faster, all while eliminating collisions and removing the majority of manual, time-consuming adjustments. [Read more…] about Realtime Robotics raises $9.5 million in additional funding