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Digital manufacturing startup Bright Machines raises $132 million in new funding

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Bright Machines, a startup which describes itself as “an innovator in software-defined manufacturing”, has raised $132 million in debt and Series B equity funding.

The equity portion of the funding, worth $100 million, was led by Eclipse Ventures. The debt portion of the funding, worth $32 million, was led by Silicon Valley Bank, and Hercules Capital.

Bright Machines intends to use the funds to accelerate the company’s growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio of products. [Read more…] about Digital manufacturing startup Bright Machines raises $132 million in new funding

Addverb and Element Logic agree strategic partnership for synergies in warehouse automation

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Addverb, a robotics company providing warehouse automation solutions, has agreed a strategic partnership with Element Logic, a warehouse optimization provider, and the world’s first and largest AutoStore partner.

Pieter Feenstra, Addverb’s CEO of the EMEA region, says: “We are thrilled to enter into this partnership with Element Logic and are proud to work together with such a prestigious player of the industry renowned across Europe and globally.

“Our ability to serve the market demand will exponentially increase, offering access to a complete automation solution combining AutoStore systems and Addverb’s Mobile Robots. [Read more…] about Addverb and Element Logic agree strategic partnership for synergies in warehouse automation

Worldwide silicon wafer shipments set new record

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Worldwide silicon wafer shipments reached a new record of 3,741 million square inches (MSI) in the third quarter of 2022, according to industry association SEMI.

This is an increase of 1 percent quarter-over-quarter and growth of 2.5 percent from the 3,649 MSI recorded during the same quarter last year, the SEMI Silicon Manufacturers Group (SMG) reports in its quarterly analysis of the silicon wafer industry.

Anna-Riikka Vuorikari-Antikainen, chairman of SEMI SMG and chief commercial officer at Okmetic, says: “While the semiconductor industry has faced macroeconomic headwinds, the silicon industry continues to show quarter-over-quarter shipment increases. [Read more…] about Worldwide silicon wafer shipments set new record

Numurus secures $2 million to grow its open-source robotic applications software business

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Numurus, a robotic solutions company and developer of NEPI, a commercial open-source software solution for robotic and smart sensing applications, has secured $2 million in funding led by Tokusui Corporation of America.

The startup says the funds will help it to establish its position in the rapidly growing robotics and smart sensing markets.

Combined with previous funding, this investment fortifies Numurus’ first-to-market entrance with its fully-developed NEPI software suite that focuses on edge artificial intelligence (Edge AI), sensor and data abstraction, and system interfacing. [Read more…] about Numurus secures $2 million to grow its open-source robotic applications software business

How CNC machining helps the robotics industry

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The industry is in a state of constant evolution and the need for robots is gradually increasing day by day.

Now, before you start thinking about the Terminator 2 scenario, you need to realize that it is no longer some distant future. It is our reality. And they are not here to bring us the Judgment Day, they are here to help our industry grow.

Robots are everywhere today and their production costs less compared to manual labor. So making sure that robots remain operational and that you have effective servicing covered is beneficial for the robotics industry. [Read more…] about How CNC machining helps the robotics industry

Edson to debut new robotic cell at Pack Expo

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Edson, a ProMach brand, is debuting its new KDF Stack Prep System, a robotic cell that automates the infeed area of a case packer, in booth N-5348 at Pack Expo 2022, October 23-26, at McCormick Place in Chicago.

Edson is a manufacturer of case and tray packing solutions for the converted paper, diaper, and nonwoven markets.

After stacks are loaded onto the case packer’s infeed conveyors, the KDF (knocked down flat) Stack Prep System prepares the cases by cutting bands and removing dunnage and other cardboard or paper materials used during transportation. The stacks are then straightened, squared, and presented to the case packer. [Read more…] about Edson to debut new robotic cell at Pack Expo

How investfox connects traders with the best possible brokers with the help of filters?

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Getting your feet wet in the investment industry is a bit of a complicated process. The first thing you need to do to make your trading process more efficient and beneficial is to find a financial service provider that will furnish you with proper tools, charts, trading platforms, accounts, and so forth.

As the demand for brokers increases as time goes by so does the competition between the financial companies. All of this makes it hard to find the most suitable brokerage for you. On top of that, as the investment space expands more and more scum and fraud cases are skyrocketing.

Investfox.com – a newly launched European startup – comes with solutions. This is a platform that aims to make the investment industry more transparent with the use of both experts and user-generated reviews and in addition to that, the process of choosing the right broker for you can become quite simple for both novice or seasoned traders. [Read more…] about How investfox connects traders with the best possible brokers with the help of filters?

6 Best Electric Car Charger Manufacturers

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It is not news anymore that electric cars are not just the future but are fast becoming the mainstay of the present transportation industry for many countries worldwide. But as it’s often the case with emerging technology, many companies that deal with supporting infrastructure are usually not prepared for the sharp increase in demand.

The electric car charging manufacturing industry is facing this challenge with new EV charger manufacturers springing up regularly. However, some of these manufacturers do not meet industry requirements of quality.

Still, top-rated China EV charger manufacturers have kept their commitment to high-quality standards. Here are the top 6 in this industry. [Read more…] about 6 Best Electric Car Charger Manufacturers

Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022

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Global fabrication equipment spending for front-end facilities is expected to increase approximately 9 percent year-over-year to a new “all-time high” of $99 billion in 2022, according to SEMI.

The industry association revealed its prediction in its latest quarterly World Fab Forecast report. The report also shows the global fab equipment industry increasing capacity this year and again in 2023.

Ajit Manocha, SEMI president and CEO, says: “After achieving a record level in 2022, the global fab equipment market is projected to remain healthy next year driven by new fabs and upgrade activity.” [Read more…] about Global spending on semiconductor fabrication equipment forecast to reach ‘all-time high’ of almost $100 billion in 2022

The future of fleet management: Trends in system design

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Though the use of technology and prevalence of businesses converting online has skyrocketed across most industries – few sectors rival how indispensable fleet management software has become within the automotive space.

For companies dedicated to managing fleets that can number in the hundreds, it’s proving crucial. The ability to customize and control things like equipment tracking, vehicle diagnostics, maintenance, fuel consumption and driver management not only helps these companies win business, but allows them to thrive in an industry that’s expected to be worth $11.4 million by 2027. [Read more…] about The future of fleet management: Trends in system design