Market trends and business perspectives
Exotec, a warehouse robotics startup, has raised $335 million in Series D funding, and is now valued at $2 billion.
The Growth Equity business within Goldman Sachs Asset Management led the round with follow-on investments from 83North and Dell Technologies Capital.
Exotec says it will use the funds to continue to launch large-scale deployments in North America, Europe, and Asia for global brands. [Read more…] about Exotec raises $335 million in Series D funding for its warehouse robots
Sesto Robotics, a Singapore-based autonomous mobile robotics company, has raised $5.7 million funding from institutional investors Trive, Germany-based World Trading Inovation, and the Singapore government-backed Seeds Capital.
Chor Chen Ang, CEO of Sesto Robotics, says: “Having WTI as a strategic investor at this stage of our company’s development helps us to expand into the important European and German market that is the home of Industry 4.0.
“WTI has a strict investment policy and the investors are entrepreneurs who have built and scaled businesses themselves and believe in investing in the right management team to create successful businesses. [Read more…] about Sesto Robotics raises $5.7 million for its autonomous mobile robots
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
Powermat Technologies, a wireless power technology startup, says Foxconn has made a “significant investment” as part of a $25 million Series B round.
Foxconn Interconnect Technology, the contract manufacturing giant’s connectivity solutions developer,took part in the funding round along with Hudson Sustainable Group, a founding shareholder of Powermat.
Powermat’s innovative wireless power technology is a critical enabler of the smart mobility, autonomous robotics, industrial drones, medical devices, telecom, and internet of things industries, where Powermat is experiencing exponential growth. [Read more…] about Foxconn invests in wireless power startup’s $25 million Series B funding round
The global market for Advanced Driver Assistance Systems (ADAS) is projected to be valued $63 billion by 2024, according to a report by Accurize Market Research.
The sector is expected to see a compound annual growth rate of 10.7 percent from 2017 to 2025.
Advanced driver assistance systems, or ADAS, are systems developed to automate, adapt, and enhance vehicle systems for safety and improved driving to assist the driver in the driving procedure. [Read more…] about Advanced Driver Assistance Systems predicted to grow to $63 billion by 2024
Brain Corp, which provides an operating system for commercial floor-cleaning robots, says its BrainOS-powered fleet of autonomous mobile robots has hit a new milestone of 500 million square feet covered (46.45 million square meters) autonomously in Europe during 2021.
Coming off the back of significant year-on-year growth, Brain Corp has seen momentum build throughout 2021 with the company recording 226 percent growth in floor area covered autonomously between April and October, 2021 alone.
While increases in robot deployments were seen across all industry sectors, the most significant growth came within retail outlets, shopping malls and logistics facilities. [Read more…] about Brain Corp’s European robotic cleaning fleet reaches 500 million square feet covered autonomously in 2021
Brain Corp, a developer of software for robotics, especially industrial robotic floor cleaners, says its BrainOS-powered fleet of autonomous mobile robots has reached 100 billion square feet of coverage.
In doing so, claims Brain Corp, “6.8 million hours have been given back to employees and operations managers, allowing them to focus on customer experience and other high-value tasks”.
Eugene Izhikevich, CEO and founder of Brain Corp, says: “We are thrilled to celebrate reaching 100 billion square feet of coverage with our fleet which represents the square footage of the entire commercial space in the United States. [Read more…] about Brain Corp’s robotic fleet covers 100 billion square feet
Collaborative industrial robot maker Universal Robots’ latest results are “a strong indication” of future growth, says its president, Kim Poylsen.
Universal Robots, which has just released its Q3 results for 2021, has reported record quarterly revenue of $78 million, up 46 percent on last year’s Q3 revenue and 31 percent up from its pre-pandemic Q3 revenue of 2019.
Since creating the world’s first commercially viable collaborative robot in 2008, the Danish company has gone on to sell over 50,000 of its ‘cobots’ for use across a range of industrial uses, primarily in the manufacturing sector. [Read more…] about Universal Robots’ latest results are ‘a strong indication of growth to come’, says president
Berkshire Grey, a provider of AI-enabled robotic solutions that automate supply chain processes, has launched its Robotic Shuttle Product Sortation (RSPS) solution for order fulfillment.
The system supports filling e-commerce orders through stores and in-person shopping by automating store replenishment, allocation order processing, split-case cross docking, sortation, and packing.
RSPS increases processing capacity and throughput for existing operations without adding labor, helps right-size store inventories, and enables e-commerce fulfillment from stores to scale. Following a series of successful installations at major US retailers, the solution is now generally available for global deployments. [Read more…] about Berkshire Grey launches new robotic shuttle solution
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
