Robotics & Automation News

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investment

Advanced Farm Technologies completes $25 million Series B funding round

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Advanced Farm Technologies, developers of robotic technology for farmers, has completed a series B investment round raising $25 million to support the company’s growth in strawberry harvesting and the adaptation of its technology to apple harvesting.

The Series B funding round was led by Catapult Ventures and included all the Series A investors Kubota Corporation, Yamaha Motor Corporation, and Impact Ventures.

Kyle Cobb, president, and co-founder of Advanced Farm Technologies, says: “It is gratifying to have the ongoing support and commitment from our early investors in this funding round. It reflects all of our team’s hard work to develop and bring our TX Strawberry Harvester to the market. [Read more…] about Advanced Farm Technologies completes $25 million Series B funding round

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

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

Ranpak makes ‘strategic investment’ in Pickle Robot Company

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Ranpak, a provider of paper-based packaging solutions for e-commerce and industrial supply chains, has made a “strategic investment” in Pickle Robot Company, a developer of robotic systems for automated sorting, loading and unloading of packaged goods within logistical lines.

Pickle Robot has developed a low cost, collaborative package-handling robot that automates several key tasks along the e-commerce supply chain.

Ranpak Automation’s investment in Pickle is highly strategic, and complements and expands Ranpak’s existing portfolio of automated solutions. [Read more…] about Ranpak makes ‘strategic investment’ in Pickle Robot Company

Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

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Woven Capital, a venture capital unit of Toyota, has made an investment in Ridecell, a platform powering digital transformations and IoT automation for fleet-driven businesses.

Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities.

It is the investment arm of the Woven Planet Group, a Toyota subsidiary which says it is “dedicated to building the safest mobility in the world”. [Read more…] about Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

Bridgestone invests in autonomous truck developer Kodiak Robotics

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Bridgestone Americas has made a minority investment in Kodiak Robotics, a US-based self-driving trucking company.

The partnership will allow Bridgestone to integrate its smart-sensing tire technologies and fleet solutions into Kodiak’s level 4 autonomous trucks.

The companies will also pilot future autonomous and smart tire technologies to further enhance vehicle intelligence and advance toward a safer, more efficient, and more sustainable mobility future. [Read more…] about Bridgestone invests in autonomous truck developer Kodiak Robotics

Realtime Robotics raises $31.4 million in Series A funding round

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Realtime Robotics, a developer of motion planning software for industrial robots, has completed its $31.4 million Series A round.

New strategic investors including HAHN Automation and SAIC Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures, join existing investors SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures and Duke Angels in concluding this round.

Realtime Robotics says it was founded to transform automation with flexible robot control capabilities, built on its innovative, real-time collision-free motion planning technology. [Read more…] about Realtime Robotics raises $31.4 million in Series A funding round

What is Digital Transformation and What’s the Importance of it for Modern Businesses

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We were eventually going to fully rely on technology, it has been a long time coming, but the pandemic was the tipping point. It simply highlighted how essential technology is to keep a business afloat.

Nowadays, more and more businesses are trying to use software wherever possible, so they’d have more time and effort to advance. It’s the growing culture of digital transformation, and this is what you need to know about it. [Read more…] about What is Digital Transformation and What’s the Importance of it for Modern Businesses

Robotic 3D metal printing startup MX3D raises €2.25 million in new funding

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Innovative robotic 3D metal printing company MX3D has raised €2.25 million to scale up and launch its M1 Metal Additive Manufacturing System.

DOEN Participaties, PDENH and the Netherlands Enterprise Agency took part in the investment round in MX3D, which is based in Holland and is famous for building a 3D printed bridge across a canal.

The funds will be used to launch the M1, a complete robotic metal AM system, including a welding robot, software and control system to 3D print metal parts in-house. [Read more…] about Robotic 3D metal printing startup MX3D raises €2.25 million in new funding

Toyota-backed investment fund Woven Capital buys stake in Nuro

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Woven Capital, an $800 million global investment fund established by the Toyota Research Institute, has made an equity investment in Nuro, a robotics company developing autonomous delivery vehicles.

The investment is part of Nuro’s Series C round of funding, advancing its work in designing and engineering self-driving road vehicles to transform local commerce through autonomous delivery.

The exact amount of the investment has not been made public. [Read more…] about Toyota-backed investment fund Woven Capital buys stake in Nuro

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