Robotics & Automation News

Market trends and business perspectives

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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

5 manufacturing trends to look forward to in 2021

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The past year has highlighted the need for sweeping and immediate changes across the manufacturing industry. It has been facing several evolving challenges accelerated by the pandemic.

To improve efficiency and productivity, here are five manufacturing trends you should look forward to in 2021:

Continued Focus On the Development of IoT
IoT (the internet of things) remains a buzzword in manufacturing owing to its adaptability and disruptive nature. As companies and their equipment continue to be digitized, IoT can help companies in multiple ways. [Read more…] about 5 manufacturing trends to look forward to in 2021

Agricultural technology startup Carbon Robotics raises $27 million in new funding

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Carbon Robotics, an agriculture robotics company, has secured $27 million in Series B financing from Anthos Capital, Ignition Capital, Fuse Venture Partners and Voyager Capital to accelerate the company’s growth.

The funding will be used to scale production of the company’s products, including the Autonomous Weeder, grow its engineering team, establish regional support for customers across the US and invest in the innovation of new products and technology.

This latest round of financing brings the company’s overall funding to $36 million. [Read more…] about Agricultural technology startup Carbon Robotics raises $27 million in new funding

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

South Korea’s top battery makers enjoy steady growth

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South Korea’s Electric Vehicle Battery Trio – LG, Samsung, and SK – enjoyed steady growth in the January to March period, according to a report by SNE Reseach.

Amid intense competition in global EV battery deployment, LG Energy Solution ranked 2nd, while Samsung SDI and SK Innovation captured the 5th and 6th spots respectively.

Global competition for the world’s top spot for the xEV (EV, PHEV, HEV) battery market is getting fiercer, with CATL continued to top for both Mar 2021 and Jan-Mar 2021. LG Energy Solution came in 2nd, while Samsung SDI and SK Innovation ranked 5th and 6th respectively. [Read more…] about South Korea’s top battery makers enjoy steady growth

IDS sees high levels of orders for its industrial cameras

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IDS with above-average sales growth in the first half-year

The south German industrial camera manufacturer IDS Imaging Development Systems was able to exceed industry expectations in the first half of 2021.

Instead of the 7 percent increase in turnover forecast by the VDMA for the machine vision industry, the company has so far generated more than double this growth.

The camera manufacturer from Obersulm expects consistently high growth until the end of 2021. The positive order situation and the strong development of foreign business give the camera manufacturer every reason to do so, despite the challenging procurement situation. [Read more…] about IDS sees high levels of orders for its industrial cameras

Hardinge to acquire J.G. Weisser

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Hardinge and J.G. Weisser have entered into a definitive agreement under which Hardinge will acquire Weisser, enhancing Hardinge’s Turning and Milling platform with an attractive portfolio of products and technologies.

Weisser is a German manufacturer and solution provider of high precision, multifunctional turning machines and turning centers as well as automation solutions.

Weisser is based in Germany with sales of approximately $90 million. [Read more…] about Hardinge to acquire J.G. Weisser

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

ABB to acquire autonomous mobile robot maker ASTI

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ABB says it will acquire ASTI Mobile Robotics Group, an autonomous mobile robot manufacturer with a broad portfolio across all major applications enabled by the company’s software suite.

This will expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for the next generation of flexible automation.

The acquisition, a key part of ABB’s external growth strategy, was signed on July 19 and is expected to close in mid-summer 2021. Both parties agreed not to disclose any details regarding the purchase price. [Read more…] about ABB to acquire autonomous mobile robot maker ASTI

Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round

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Gideon Brothers, a robotics and AI solutions company, has received a new investment from Deutsche Bahn Digital Ventures, the venture capital arm of Deutsche Bahn Group, as part of the recent Series A financing round led by Koch Disruptive Technologies valued at $32 million.

The Series A investment will accelerate the development and commercialization of Gideon Brothers’ AI and 3D vision-based autonomous mobile robots that automate horizontal and vertical material handling operations.

The company is also expanding its manufacturing, sales, customer success, and marketing operations across key markets of the EU and United States, by opening offices in Munich, Germany and Boston, Massachusetts. [Read more…] about Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round