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Ottonomy secures investment for its delivery robot from Rome airport

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Aeroporti di Roma Ventures (ADR Ventures), which is the new Corporate Venture Capital arm of Aeroporti di Roma, has made an “initial venture investment” with Ottonomy, a startup providing contactless deliveries using fully autonomous robots.

After a successful proof of concept (PoC) established during the accelerator program in the Innovation Hub in Fiumicino airport, the autonomous delivery project became part of ADR’s long-term strategy aimed at maintaining the highest levels of service and enhancing passengers’ experience using cutting edge technology and innovation.

Emanuele Calà, president and CEO of ADR Ventures, says: “Our first investment is an additional step towards building the airport of the future, which will be more autonomous and passenger-centric. [Read more…] about Ottonomy secures investment for its delivery robot from Rome airport

Accelerating Revenue Growth through A/B Testing for Paywalls

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The digital world is ever-evolving, and publishers are always on the lookout for ways to maximize revenue. Paywalls have become a sought-after solution, as they lock away premium content behind a payment barrier.

Yet, rushing into implementing paywalls without careful testing can result in missed chances and financial setbacks. This is where A/B testing enters the scene. You can learn more on the Adapty website.

By conducting A/B tests, publishers gain the freedom to experiment with various paywall setups and pricing models, allowing them to make informed choices rooted in data that will pave the way for greater revenue growth. [Read more…] about Accelerating Revenue Growth through A/B Testing for Paywalls

Building Your Brand with Technology Couldn’t Be Easier as an Entrepreneur

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As an entrepreneur, you won’t always know what will get your business to where you want it to be in the future. But this doesn’t mean that you have to stay exactly where you are.

If you’re hungry for progression and success, you can totally have that – it’s all about knowing how. After all, you have goals, so it’s a great idea for you to be able to achieve them in the best way possible. And quickly.

While success won’t always come overnight, it doesn’t have to be something that takes years or feels stressful – it’s all about making sure that you know what can make it happen. [Read more…] about Building Your Brand with Technology Couldn’t Be Easier as an Entrepreneur

Swiss agritech startup Ecorobotix raises $52 million in new funding

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Ecorobotix, the Swiss manufacturer of ARA, an AI powered plant-by-plant recognition and a precision smart sprayer system, has completed a $52 million (CHF 46 million) funding round.

The round was jointly led by AQTON Private Equity and Cibus Capital, with additional investments from Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, and from existing investors including Swisscom Ventures, BASF Venture Capital, 4FOX Ventures, and Verve Ventures.

The funding will accelerate Ecorobotix’s geographic expansion across new and existing markets and accelerate new product development. [Read more…] about Swiss agritech startup Ecorobotix raises $52 million in new funding

Internet of robotic things market is likely to surpass $210 billion

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The Internet of Robotic Things (IoRT) market is likely to surpass $210 billion amid demand for automation in the manufacturing and service sector, according to Future Market Insights.

The IoRT market revenue was estimated at $21.4 billion in 2022 and is anticipated to grow at a compound annual growth rate of 25.6 percent from 2022 to 2032.

By the end of 2032, the IoRT market is expected to reach a valuation of $210 billion. The service sector segment will dominate the market at a projected CAGR of 25.4 percent from 2022 to 2032. [Read more…] about Internet of robotic things market is likely to surpass $210 billion

Recycling company EverestLabs raises $16 million and reports 200 percent growth

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EverestLabs, developer of RecycleOSSM, which it claims is “the first AI-enabled operating system for material recycling facilities” (MRFs), has reported its key milestones accomplished in 2022.

Successes included rapid customer growth with key recycling facilities, such as North America’s largest commingled recycling facility, more than 200 percent deployment growth for the second year in a row, and the closing of Series A funding that will fuel expansion.

JD Ambati, founder and CEO of EverestLabs, says: “2022 was a year of tremendous growth for EverestLabs, thanks in large part to our customers, partners and employees. [Read more…] about Recycling company EverestLabs raises $16 million and reports 200 percent growth

Logistics robots market set to grow to almost $40 billion by 2033

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The logistics robots market is expected to expand at a strong compound annual growth rate of 16.5 percent between 2023 and 2033. This is according to a new report by Future Market Insights.

The market is anticipated to cross a market share of $38.13 billion by 2033, while it is likely to be valued at $8.28 billion in 2023.

The proliferated e-commerce sector, along with the integration of advanced technology like artificial intelligence and machine learning, is fueling market growth. Furthermore, small-sized businesses and advanced delivery options are also propelling the sales of logistics robots. [Read more…] about Logistics robots market set to grow to almost $40 billion by 2033

Thomson moves Swedish manufacturing operations to larger facility to ‘make room for continued business growth’

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Thomson Industries, a provider of linear motion control solutions, is moving its Kristianstad, Sweden, operations into a larger space to meet what it says is “growing demand” for its motion control technology.

The Kristianstad plant has been a steadily growing supplier of Thomson electric linear actuators and linear motion systems to European customers and is on track for further growth. The new facility is larger, more advanced and will effectively support future business growth.

Peter Swahn, site manager, Thomson Industries, says: “Strict adherence to safety, quality, delivery, inventory management and productivity excellence has fuelled our success, so much so that we have outgrown our facilities. [Read more…] about Thomson moves Swedish manufacturing operations to larger facility to ‘make room for continued business growth’

Global semiconductor manufacturing equipment sales reach all-time record $108 billion

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Worldwide sales of semiconductor manufacturing equipment increased 5 percent from $102.6 billion in 2021 to an all-time record of $107.6 billion last year, SEMI, the industry association representing the global electronics design and manufacturing supply chain.

The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report.

For the third consecutive year, China remained the largest semiconductor equipment market in 2022 despite a 5 percent slowdown in the pace of investments in the region year over year, accounting for $28.3 billion in billings. [Read more…] about Global semiconductor manufacturing equipment sales reach all-time record $108 billion

Non-industrial robots market expected to grow 19 percent a year

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The market for non-industrial robots is expected to reach $83.4 billion in 2023 and $465.5 billion by the end of 2033, growing at a compound annual growth rate of 18.8 percent, according to a report by Fact.MR.

Robotics is gradually changing how routine tasks are carried out; their adoption simplifies work, saves time, and increases overall productivity.

Every industry, including the commercial and domestic sectors, uses robots for all jobs, simple or complex. Due to the growing demand from end-use sectors like healthcare, the military, research and development, and other industries, non-industrial robots are expected to experience rapid growth. [Read more…] about Non-industrial robots market expected to grow 19 percent a year