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Intretech to open new Mexico factory following $60 million investment

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Global smart manufacturing company Intretech has opened a new manufacturing facility in Monterrey, Mexico, following $60 million investment. The project, which is set to create 2,000 jobs over the next five years, represents a significant milestone in the company’s global expansion.

The grand opening event was attended by several notable dignitaries, including the governor of Nuevo León state, the secretary of economy, and Intretech’s chairman, Linden Lin.

Located in the Mirador Industrial Park. The facility is designed to strengthen Intretech’s manufacturing capabilities, support its global growth strategy, and provide robust nearshoring solutions. [Read more…] about Intretech to open new Mexico factory following $60 million investment

Pickommerce secures $3.4 million investment to advance robotic piece-picking technology

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Pickommerce, a warehouse automation startup, has secured $3.4 million in funding to advance the development, production and marketing of its “innovative PickoBot piece-picking robot”.

Pickommerce’s technology is poised to disrupt the warehouse automation market, which is projected to grow at a compound annual growth rate of 53.4 percent and reach nearly $9 billion by 2029, according to research firm Mordor Intelligence.

The funding round was led by IL Ventures, a fund focused on disruptive technologies for legacy industries, and includes InNegev, Fusion VC, the Israel Innovation Authority and strategic investor ZIM Ventures, the corporate venture arm of maritime shipping company ZIM Integrated Shipping Services. [Read more…] about Pickommerce secures $3.4 million investment to advance robotic piece-picking technology

Seegrid closes $50 million funding round as market adoption of its autonomous lift truck ‘exceeds expectations’

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Seegrid Corporation, a provider of autonomous mobile robots (AMRs) for pallet material handling, has successfully closed its $50 million Series D investment round, funded by its existing lead investors Giant Eagle Incorporated and G2 Venture Partners, as well as smaller investments from other existing shareholders.

Seegrid says the new investment allows the company to accelerate its autonomous lift truck market initiatives, which are “currently generating more growth than expected”.

Joe Pajer, Seegrid’s CEO and president, says: “We are thrilled to have secured this additional funding from our investors. It enables us to drive our innovative AMR technology and solutions into the market faster, delivering even more value to our customers sooner.

[Read more…] about Seegrid closes $50 million funding round as market adoption of its autonomous lift truck ‘exceeds expectations’

Toyota makes strategic investment in Gideon

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Toyota Industries Corporation (TICO), which includes Toyota Material Handling Group and Toyota Automated Logistics Group, and Gideon, have signed an investment agreement with immediate effect.

The technology company Gideon develops and offers technologies for autonomous mobile robotics (AMR) behaviour and application stack for automating specific processes in warehouse and manufacturing environments.

For TICO, this strategic partnership and investment creates possibilities to simplify automated vehicle systems through standardization, reduced deployment times and increasing flexibility, adaptability and scalability.

[Read more…] about Toyota makes strategic investment in Gideon

Clarapath closes $36 million Series B investment round to ‘transform 150-year old laboratory processes’

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Clarapath, a medical robotics company modernizing and transforming how pathology laboratories process tissue, has raised $36 million in its Series B-1 funding round, which was led by Northwell Ventures.

Additional new strategic investors participated in the financing, including CU Healthcare Innovation Fund, Mayo Clinic, and Ochsner Ventures, bringing the company’s total funding to $75 million.

Eric Feinstein, CEO of Clarapath, says: “Our strategic investors share in our mission to significantly overhaul this critical aspect of patient care that has long been overlooked. [Read more…] about Clarapath closes $36 million Series B investment round to ‘transform 150-year old laboratory processes’

One Equity Partners buys controlling stake in Comau

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One Equity Partners, a middle market private equity firm, has signed a binding agreement to make a majority investment in Comau, a global technology company specializing in industrial automation and advanced robotics.

The spinoff of Comau is part of the strategic agreement set during the merger between former FCA and Groupe PSA in January 2021 that formed Stellantis.

Financial terms of the private transaction were not disclosed. [Read more…] about One Equity Partners buys controlling stake in Comau

Empower Your Investment Journey: Oil Profit’s Tailored Learning Solutions

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Investing in financial markets may be both thrilling and daunting. The allure of potential profits is tempered by the complexity and risks involved.

Recognizing the need for accessible and comprehensive education, systems like Oil Profit have emerged, supplying tailor-made study answers to empower investors at every level of their adventure.

In this text, we will explore how Oil Profit’s customized technique for gaining knowledge can help people navigate the intricacies of investing and obtain their economic goals, ushering them into just Visit https://oil-pro-profit.com/ of investment empowerment and understanding. [Read more…] about Empower Your Investment Journey: Oil Profit’s Tailored Learning Solutions

Strategies for Setting Goals: Navigate Your Finances

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In the vast sea of personal finance, setting clear and achievable goals serves as the compass guiding individuals toward financial success.

Whether it’s saving for retirement, purchasing a home, or paying off debt, establishing financial goals provides a roadmap for effective money management.

https://bitcoin-bankbreaker.com is an Investment education firm that can provide valuable insights and guidance on setting and achieving your financial goals. In this article, we delve into the strategies for setting goals that align with your financial aspirations, ensuring a stable and prosperous future. [Read more…] about Strategies for Setting Goals: Navigate Your Finances

Nexperia to invest $200 million in Hamburg chip-making facility

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Semiconductor manufacturer Nexperia plans to invest $200 million to develop the next generation of wide bandgap semiconductors (WBG) such as silicon carbide (SiC) and gallium nitride (GaN), and to establish production infrastructure at the Hamburg site.

At the same time, wafer fab capacity for silicon (Si) diodes and transistors will be increased. The investments were jointly announced with Hamburg’s Minister for Economic Affairs, Dr Melanie Leonhard, on the occasion of the 100-year anniversary of the production site.

To meet the growing long-term demand for efficient power semiconductors, all three technologies (SiC, GaN, and Si) will be developed and produced in Germany starting in June 2024. This means Nexperia is supporting key technologies in the fields of electrification and digitalization. [Read more…] about Nexperia to invest $200 million in Hamburg chip-making facility

GrayMatter Robotics raises $45 million in Series B funding

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GrayMatter Robotics, an AI-powered robotics developer that claims to provide systems that offer “instant return on investment”, has raised $45 million in Series B funding.

Wellington Management led the round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

The $2.5 trillion US manufacturing industry is grappling with a growing backlog of unfilled orders due to a severe labor shortage. Many of these roles are hazardous and demand extensive training, leading to a critical gap of 3.8 million unfilled jobs. [Read more…] about GrayMatter Robotics raises $45 million in Series B funding