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Gatik raises $85 million in Series B funding for its autonomous delivery trucks

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Gatik has raised investment of $85 million in Series B funding to “significantly expand North America’s first autonomous middle mile logistics network”.

The company says the round was “heavily oversubscribed” and brings the total amount raised by Gatik to $114.5 million.

The round was led by new investor Koch Disruptive Technologies (KDT), renowned for supporting high-growth companies that disrupt current market alternatives with demonstrated technology. [Read more…] about Gatik raises $85 million in Series B funding for its autonomous delivery trucks

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

Koch Industries’ OnPoint Digital and AWS collaborate to develop industrial engineering platform

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OnPoint Digital Solutions, a subsidiary of Koch Engineered Solutions, has agreed a collaboration with Amazon Web Services to co-develop an intelligent process optimization platform (IPOP).

The platform – designed to enable OnPoint’s solutions – will utilize cloud and edge digital infrastructure to provide advanced machine learning and industrial computing capabilities for OnPoint’s connected ecosystem, enabling industrial operators and their preferred partners to integrate and act upon the best available knowledge anywhere, anytime, at scale.

Manufacturers worldwide are modifying operations to address the Industry 4.0 revolution and the associated infrastructure necessary to integrate smart technologies. This unique collaboration between OnPoint and AWS will leverage and complement AWS’s generally available infrastructure services, IoT, advanced analytics and machine learning. [Read more…] about Koch Industries’ OnPoint Digital and AWS collaborate to develop industrial engineering platform

Gideon Brothers raises $31 million Series A funding for its autonomous mobile robots

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Gideon Brothers, a robotics and AI solutions company, today announced it has raised a $31 million Series A investment to accelerate the development and commercialization of its AI and 3D vision-based autonomous mobile robots (AMRs).

The company will also expand its manufacturing, sales, marketing, and customer success operations across key markets of the European Union and United States by opening offices in Munich, Germany and Boston, Massachusetts, respectively.

The Series A round was led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries, with participation from DB Schenker, Prologis Ventures, and Rite-Hite. [Read more…] about Gideon Brothers raises $31 million Series A funding for its autonomous mobile robots