Robotics & Automation News

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Employee management software provider Rippling raises $500 million in Series E financing

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By Parker Conrad, CEO, Rippling

Rippling, a provider of automated software for employee management, has raised $500 million in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022.

This was an unusual round, raised in record time and for a purpose that ultimately resolved on its own. It all started on Friday, March 10th at 5.30 am PST.

Rippling’s primary banking partner, Silicon Valley Bank (SVB), collapsed with dizzying speed on Thursday, March 9, and entered FDIC receivership on Friday, March 10. [Read more…] about Employee management software provider Rippling raises $500 million in Series E financing

Why Include Cryptocurrencies in Your Investment Portfolio?

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Without question, the value of digital currencies has increased significantly. The cryptocurrency market has expanded thanks to bitcoin and Ethereum’s (ETH) remarkable surge.

The emergence of decentralized financial and non-fungible tokens is only one of the numerous unique blockchain trading commodities, notably initial coin offers (ICOs).

Numerous virtual currency supporters believe that these activities could lead to the emergence of a rising generation of billionaires who will use cryptocurrencies (or billionaires). [Read more…] about Why Include Cryptocurrencies in Your Investment Portfolio?

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

Doosan Robotics breaks South Korean record with annual sales of more than 1,000 collaborative robots

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Doosan Robotics announced it has become South Korea’s first to achieve an annual sales record of 1,000 units for collaborative robots, also known as “cobots”.

Established in 2015, Doosan Robotics has manufactured cobots using proprietary technology and has maintained the position of number one market share holder in Korea since 2018.

Doosan Robotics has also performed remarkably in global markets, becoming the first Korean company to be named as one of world’s top five cobot manufacturers. [Read more…] about Doosan Robotics breaks South Korean record with annual sales of more than 1,000 collaborative robots

Apex.AI raises $56.5 million in Series B fundraising round

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Apex.AI, a company developing breakthrough safety-certified software for mobility and autonomous applications, has raised $56.5 million in a Series B fundraising round, bringing the total raised to date to $74 million.

The Series B round was led by Orillion, and included new participation from ZF, Continental, AGCO, Canaan, Lightspeed Venture Partners, Airbus Ventures, Jaguar Land Rover’s InMotion Ventures and others.

Other investments previously announced include Volvo Group Venture Capital, Toyota Ventures and HELLA Ventures, which further form Apex.AI’s world-class group of investors. [Read more…] about Apex.AI raises $56.5 million in Series B fundraising round

5 Ways Automating the Manufacturing Process can Save you Money

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When technological advancements began, the global population worried that it would eliminate the need for employees. That being true, it also brought along easy ways of production and reduction of operational costs.

Manufacturing is an industry that is growing fast and becoming more competitive. Manufacturers keep an eye out for methods that accelerate production, lower costs, and maintain quality.

Automating the manufacturing process can save you business funds in the following ways. [Read more…] about 5 Ways Automating the Manufacturing Process can Save you Money

Top robotics companies to invest in right now

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Given the current global climate, there has never been a better time to invest in robotic and artificial intelligence stocks.

Robotics and the increasing use of automation represent some of the most exciting invest opportunities for traders in the coming years.

The makers of robotics understand this and know there is a need to improve the efficiency of production in several sectors of the overall economy. [Read more…] about Top robotics companies to invest in right now