Robotics & Automation News

Market trends and business perspectives

investors

Tau invents wire that doubles the power of electric motors and raises €10.25 million

by Leave a Comment

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

Realtime Robotics raises $31.4 million in Series A funding round

by Leave a Comment

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

FORT Robotics raises $13 million in funding

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

by

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

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close