Robotics & Automation News

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ABB and Zume to accelerate transition away from single use plastics

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ABB Robotics has signed an agreement to collaborate with California-based Zume, a global provider of innovative, compostable packaging.

ABB will supply robotic cells that will enable Zume’s production of sustainable packaging on a global scale, helping to reduce reliance on single-use plastics.

ABB will integrate and install more than 1,000 molded fiber manufacturing cells (MFC) – including up to 2,000 robots at Zume customer’s sites worldwide over the next five years. [Read more…] about ABB and Zume to accelerate transition away from single use plastics

SVT Robotics raises $25 million in Series A funding round led by Tiger Global

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SVT Robotics, whose software accelerates and simplifies the integration and implementation of robotics, has closed a $25 Million Series A funding round.

The investment was led by Tiger Global, with participation from Prologis Ventures.

Griffin Schroeder, partner at Tiger Global, says: “With no ‘plug-and-play’ integration solution for industrial robotics, warehouses and manufacturers have been prevented from quickly deploying the automation they need to keep pace with the dramatic shifts in labor dynamics we’ve seen over the past year. [Read more…] about SVT Robotics raises $25 million in Series A funding round led by Tiger Global

Geek+ and DHL showcase ‘the future of robotics automation’ in DHL’s Asia Pacific Innovation Center

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Geek+, a manufacturer of autonomous mobile robots, is partnering with DHL’s Asia Pacific Innovation Center. Located in Singapore, the center will be home to a new exhibit that showcases a cutting-edge, automated, and completely integrated e-commerce solution.

Named the “Warehouse of the Future”, the exhibit integrates RoboShuttle tote-picking robot and robot-arm technology for full-scale automation.

The project represents the shared values and commitments of both Geek+ and DHL to accelerate innovation and educate supply chain leaders on the opportunities that come with robotics automation. [Read more…] about Geek+ and DHL showcase ‘the future of robotics automation’ in DHL’s Asia Pacific Innovation Center

Agtonomy launches out of stealth to address farm labor crisis with $4 million

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Agtonomy, a hybrid autonomy and tele-assist service platform, has launched out of stealth and has announced a $4 million seed round from Grit Ventures, GV (formerly Google Ventures), and Village Global, the venture firm backed by some of the world’s most successful entrepreneurs including Bill Gates, Jeff Bezos, and Michael Dell.

The Agtonomy mission is to address the massive labor crisis gripping local farm and land maintenance operations. The executive team consists of veterans from the AI, EV, cloud service and agriculture industries, with extensive experience at tech companies like Apple, Microsoft, Google, Dell, Uber and Cruise, as well as lifelong farming experience at Northern California agriculture operations such as Trattore Farms.

By 2050, the United Nations Food and Agriculture Organization predicts that we will need to produce 60 percent more food on a smaller amount of land just to feed a growing global population of 9.3 billion. [Read more…] about Agtonomy launches out of stealth to address farm labor crisis with $4 million

Pittsburgh set to become ‘major player globally’ in autonomous vehicles sector

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The Pittsburgh autonomy sector has reached critical mass and has the potential to become a major player in the global market, according to a new study. It adds, however, that “urgent action is needed” to compete more effectively against other regions and to encourage autonomy companies to locate and remain in Southwestern Pennsylvania as they mature and grow.

The report – Forefront: Securing Pittsburgh’s Break-out Position in Autonomous Mobile Systems – was issued by Regional Industrial Development Corporation (RIDC) and the Greater Pittsburgh Chamber of Commerce with research conducted by TEConomy Partners.

The culmination of a nine-month long study, the report finds that the Pittsburgh region is one of the top centers for autonomous mobile systems – a sector predicted to grow to a $1 trillion+ global market by 2026, with an estimated 5,000 jobs and a $10 billion impact for a region that captures 1 percent of that global market growth. [Read more…] about Pittsburgh set to become ‘major player globally’ in autonomous vehicles sector

Retail robots market expected to reach $55.8 billion by 2028

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The global market for retail robots was valued at $7.1 billion in 2020 and is expected to surpass $55.8 billion by 2028, registering an annual growth rate of 30.1 percent during the forecast period (2021-2028), according to Coherent Market Insights.

Retail service robots bring the intelligence of big-data knowledge of consumers to provide useful and smart in-store customer service. Retail robots can handle scenarios from repetitive customer service inquiries to complex product recommendation.

Companies often have an opportunity to convey real-time data about their company and products whichexplains what they do, why their products are the right fit, and others. [Read more…] about Retail robots market expected to reach $55.8 billion by 2028

Warehouse robotics startup Hai Robotics raises $200 million in funding

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Hai Robotics, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics system, has secured two new continuous rounds of financing, generating more than $200 million in total.

The new money is to be invested in boosting Hai’s robot fleet with technological upgrades, expanding its global operation networks, optimizing its supply chain management and corporate structure as well as talent.

The C round funding was led by 5Y Capital with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International and Scheme Capital. [Read more…] about Warehouse robotics startup Hai Robotics raises $200 million in funding

Locus Robotics secures $50 million in additional funding 
to accelerate global expansion

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Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, has secured $50 million in additional funding from existing investor Tiger Global Management.

The funds will be used to facilitate continued growth and expansion into new markets around the globe, and more effectively meet the needs of its growing customer and partner ecosystem.

Rick Faulk, CEO of Locus Robotics, says: “At a time of increasing volumes and ongoing labor shortages, this new round of funding underscores how critical flexible, scalable, intelligent robotics automation has become to the warehouse and the supply chain. [Read more…] about Locus Robotics secures $50 million in additional funding 
to accelerate global expansion

Ambi Robotics raises $26 million in Series A funding led by Tiger Global

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Ambi Robotics, a developer of AI for highly-dexterous robotics, has closed a $26 million Series A funding round. The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund.

The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth.

The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations. [Read more…] about Ambi Robotics raises $26 million in Series A funding led by Tiger Global

Hardinge acquires Ohio Tool Works

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Hardinge and Ohio Tool Works have completed a definitive agreement under which Hardinge has acquired OTW.

Hardinge says the deal enhances its machine tool and workholding portfolio with “an attractive platform of high precision honing machines, tooling and abrasives”.

OTW designs and builds both standard and custom honing technology for a diverse and growing base of global customers across the industrial, aerospace, defense, and metal working industries. [Read more…] about Hardinge acquires Ohio Tool Works

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