Robotics & Automation News

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FORT Robotics raises $13 million in funding

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FORT Robotics, a technology company creating safety-and-security solutions for autonomous machines, has closed on $13 million in funding led by Prime Movers Lab, an investor in breakthrough scientific startups.

With the new investment, FORT will more than double the size of its workforce and expand its product offerings in key markets.

Samuel Reeves, founder and CEO, says: “We’re excited to partner with our new investors to help position FORT at the forefront of this rapidly evolving space. [Read more…] about FORT Robotics raises $13 million in funding

Things you need to know before investing in bitcoin

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Have you ever heard the name of bitcoin and want to know the entire process of bitcoin? If yes, then you must read this post.

Bitcoin is a new-age cryptocurrency that operates in the online world. Bitcoin is also known as one of the most expensive currencies in the world, and which has 2,862,254 in Indian rupees.

If you’re thinking of investing in the bitcoin then investors must keep lots of things in mind regarding how to use it, the price fluctuations etc. [Read more…] about Things you need to know before investing in bitcoin

Oqton raises over $40 million investment for its digital manufacturing platform

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Oqton, an American-Belgian software company specialising in artificial intelligence-powered solutions for the manufacturing industry, has raised more than $40 million in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.

The founding team – Samir Hanna and Ben Schrauwen – and several angel investors, including Carl Bass, who is the former CEO Autodesk, Dries Buytaert, of Drupal and Acquia, and Peter Mercelis, of Layerwise, also participated in the round.

The financing will be used to further develop its platform, while expanding its commercial partnerships in multiple domains and verticals, including additive manufacturing, robotic welding, and CNC machining. [Read more…] about Oqton raises over $40 million investment for its digital manufacturing platform

Outrider raises $65 million in Series B financing round

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Outrider, a provider of autonomous yard operations systems for logistics hubs, has closed $65 million in Series B funding, led by Koch Disruptive Technologies. Other existing investors increased their investments, including NEA, 8VC, and Prologis Ventures.

New investors included Evolv Ventures, the investment arm of Kraft Heinz, and Henry Crown and Company. With $118 million raised to date, Outrider is positioned to scale and support the rapid automation of distribution yards.

In supply-chain-intensive industries, distribution yard operations are necessary for transitioning goods between the road and the warehouse. [Read more…] about Outrider raises $65 million in Series B financing round

Mitsubishi and NTT take 30 per cent stake in HERE Technologies

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HERE Technologies says Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation have completed their joint acquisition of a 30 per cent ownership stake in the company, after receiving regulatory approvals.

HERE welcomes Mitsubishi and NTT as strategic investors. The two companies have co-invested in HERE via their recently established, jointly owned holding company COCO Tech Holding in the Netherlands.

As a result, HERE now has nine direct and indirect shareholders: Audi, Bosch, BMW Group, Continental, Intel Capital, Mitsubishi, Mercedes-Benz, NTT and Pioneer.​ [Read more…] about Mitsubishi and NTT take 30 per cent stake in HERE Technologies

Opinion: Disruption should bring passion into minds of investors

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By Deblieck Tommy, Managing Director / Partner, Zora Robotics

It is absolutely stunning to see how being disruptive makes you barely bankable.

When you become an entrepreneur, you’re first convinced that difference is an asset, that heading for a direction that no one follows is one of the keys. You with me? [Read more…] about Opinion: Disruption should bring passion into minds of investors

May Mobility raises $50 million in funding round led by Toyota

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May Mobility, an autonomous transportation-as-a-service provider, has closed a $50 million Series B funding round led by Toyota.

There was also participation from Sparx Group, alongside return investors Millennium Technology Value Partners, Cyrus Capital Partners, BMW iVentures, and Toyota AI Ventures.

The company says the round will help fund strategic hires across the engineering and operations functions, and expansion of the vehicle fleet to meet growing demand. [Read more…] about May Mobility raises $50 million in funding round led by Toyota

CMR Surgical raises $240 million in Series C financing

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CMR Surgical, the maker of the “Versius” robotic surgery system, has raised $240 million in its latest funding round.

The company says the new money will enable it to fully fund the global commercialisation of the business.

Since the last funding round in May 2018, CMR Surgical has further accelerated its growth in order to achieve its mission of bringing minimal access surgery to patients around the world. [Read more…] about CMR Surgical raises $240 million in Series C financing

Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

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Switzerland-based Teralytics has raised $17.5 million for what is described as “the world’s first intelligent mobility operating system”.

innogy Ventures, the venture capital investment arm of innogy Innovation Hub, has invested in Teralytics as part of a $17.5 million funding round. innogy Ventures and innogy Innovation Hub are backed by innogy SE, a leading German energy company.

The round was led by Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group. Other participants included Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar. [Read more…] about Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

BASF invests in quantum computing startup Zapata

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BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc.

Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as well as specific applications for Global 1000 companies to effectively use a range of emerging quantum computing hardware.

By investing in Zapata, BASF Venture Capital supports BASF’s strategic goal to take advantage of the opportunities that digitalisation offers along the entire value chain.

[Read more…] about BASF invests in quantum computing startup Zapata

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