Robotics & Automation News

Market trends and business perspectives

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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

Delivery drones market expected to reach $5.6 billion by 2028

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The global market for delivery drones is expected to be valued at $5,586.5 million by 2028, at a compound annual growth rate of 41.3 percent during the forecast period (2021-2028).

The figure are highlighted in a report published by Coherent Market Insights. [Read more…] about Delivery drones market expected to reach $5.6 billion by 2028

Tas Global commercializes ‘world’s first’ ship hull cleaning robot system

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A startup company called Tas Global is commercializing what it says is the world’s only robot capable of cleaning freely on curved surfaces.

The company has registered more than 30 patents in 16 countries including the US on the journey to bringing the robotic system to market.

Selected as a South Korean government project, Tas started by developing technology for processing organisms attached on a ship’s hull. [Read more…] about Tas Global commercializes ‘world’s first’ ship hull cleaning robot system

Tau invents wire that doubles the power of electric motors and raises €10.25 million

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A startup company called Tau, which specializes in materials science and automotive electrification, says it has delivered a prototype wire that enables electric motors to double their power output without changing their size. 

The technology could mean that electric vehicles and machines of all kinds can keep going for longer on a single charge, and go faster.

Coinciding with the milestone of delivering prototype winding wire to the automotive industry, Tau also concluded its Series A financing round with additional funding from Finindus, a Belgium-based investment company financed by ArcelorMittal and the Flemish Region, and a top-up by German specialty chemicals company Altana. The total raised is said to be €10.25 million. [Read more…] about Tau invents wire that doubles the power of electric motors and raises €10.25 million

Lyro goes global through collaboration with IMI Precision Engineering

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Brisbane, Australia-based Lyro Robotics has been contracted to license their Lyro Machine Intelligence software to US based IMI Precision Engineering.

This technology partnership will deliver smart robots that will replicate the “hands”, “eyes” and “brain” of human capabilities in automation and logistics applications.

The partnership means the two companies will work to deliver a full-stack robotic solution to satisfy the rising global demand for automated bin picking in various industries, such as agriculture, logistics and e-commerce. [Read more…] about Lyro goes global through collaboration with IMI Precision Engineering

Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

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The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.

The ongoing advancement in technologies is propelling the market growth during the forecast period.

The growing adoption of advanced technologies such as automation, artificial intelligence, machine learning, Robot as a Service (RaaS), and many other technologies are expected to drive market growth during the forecast period. [Read more…] about Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

Founder Institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston

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The Founder Institute, the world’s largest pre-seed startup accelerator, is partnering with NASA Ames Research Center and MassRobotics for the upcoming Founder Institute AI & Robotics Accelerator program in Boston.

Founders working on aerospace/space, robotics, artificial intelligence, machine learning, autonomous vehicles, augmented/virtual reality, voice, drones and related technologies can apply to the program here: http://fi.co/join/AIRobotics. [Read more…] about Founder Institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston

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