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Geek+ raises more than $200 million in latest funding round

June 18, 2020 by Mai Tao Leave a Comment

Geek+, a global provider of advanced robotics for logistics, has closed its Series C funding round at over $200 million in early 2020.

Geek+ continues to lead the industry with the largest fundraising to date, following a $150 million B series in November 2018, already the largest in the industry.

C1 was led by GGV Capital, D1 Capital Partners along with Warburg Pincus in Summer 2019, while C2, finalized earlier this year, was led by V Fund, along with Redview Capital and Vertex Ventures. [Read more…] about Geek+ raises more than $200 million in latest funding round

Hitachi awarded its ‘largest order’ to install 300 lifts at Singapore apartments

June 4, 2020 by Mai Tao Leave a Comment

Hitachi Elevator Asia has been awarded the contract for the supply and installation of 300 lifts by the Housing & Development Board of Singapore.

This is the largest single order for the Hitachi group’s lifts and escalators business in Singapore.

Hitachi Elevator Asia will see the supply, delivery and installation of the 300 lifts at HDB blocks. [Read more…] about Hitachi awarded its ‘largest order’ to install 300 lifts at Singapore apartments

Denso invests in automated greenhouse provider Certhon Group

April 27, 2020 by Mai Tao Leave a Comment

Denso, one of the world’s largest advanced automotive technology suppliers, has invested in Certhon Group, a developer and builder of automated greenshouses.

Certhon operated mainly in Europe and the United States and will collaborate with Denso to expand its horticulture business in the global market, specifically by developing and providing automated greenhouse solutions.

While food demand increases as the global population continues to grow, the number of the agricultural population is decreasing due to demographic aging, unstable wages, and strict work environment. [Read more…] about Denso invests in automated greenhouse provider Certhon Group

Fabric raises $110 million in new investment round backed by Kraft Heinz

February 26, 2020 by Sam Francis Leave a Comment

On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.

Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.

Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz

Teradyne to build ‘world’s largest’ collaborative robotics hub at a cost of $36 million

February 4, 2020 by Sam Francis Leave a Comment

Teradyne has embarked on a project to build what it says will be “the world’s largest collaborative robotics hub” when it is finished.

The facility (main illustration) is located in Denmark and its eventual cost is estimated at approximately $36 million.

Denmark’s minister of industry, business and financial affairs, Simon Kollerup, unveiled what will become the new home of Teradyne’s robotics business units, Mobile Industrial Robots and Universal Robots, both of which it acquired in the past year or so. [Read more…] about Teradyne to build ‘world’s largest’ collaborative robotics hub at a cost of $36 million

Kuka launches new industrial robot range

January 20, 2020 by Sam Francis Leave a Comment

Industrial automation giant Kuka is launching a new industrial robot range, the KR IonTec, which the company says is “a robot for any task in the 30 to 70 kg payload category”.

Kuka is market-launching the new product series, which it says is the successor to the KR 60-3.

Kuka says the KR IonTec “sets standards in terms of flexibility in the medium payload category”. [Read more…] about Kuka launches new industrial robot range

Velo3D ships seventh Sapphire printer to aerospace production customer

December 7, 2019 by David Edwards Leave a Comment

Velo3D, a manufacturer of metal additive manufacturing systems or 3D printers, has delivered its seventh Sapphire printer to its largest production customer, which has already ordered a total of 12 systems in the past year.

All previously installed systems are in full production creating mission-critical parts for aerospace applications. The balance of the systems will ship before the end of Q1 2020.

The combination of 12 systems and their productivity makes this one of the largest concentrations of metal additive-manufacturing capacity in the world. [Read more…] about Velo3D ships seventh Sapphire printer to aerospace production customer

Geek+ smart warehouses break Single’s Day record with 8 million orders delivered in 72 hours

November 22, 2019 by Mai Tao Leave a Comment

Geek+ says it implemented and completed large-scale scheduling of more than 4,000 robots in its smart warehouses during this year’s 11.11 Singles’ Day shopping festival.

China’s largest smart warehouse network processed a record 8 million orders in 72 hours.

Geek+ says “the successful deployment is a fantastic validation of the strength of the robotics-as-a-service business model” and the flexibility and efficiency of smart warehouses during periods of peak orders, including the ultimate challenge of the world’s largest shopping festival. [Read more…] about Geek+ smart warehouses break Single’s Day record with 8 million orders delivered in 72 hours

Volkswagen and NXP in ‘world’s largest’ rollout of V2X technology

November 1, 2019 by Sam Francis 1 Comment

NXP Semiconductors, which claims to be the world’s largest provider of automotive semiconductors, has partnered with Volkswagen to roll out its RoadLINK V2X – vehicle to everything – communication system.

The solution is features in the new Volkswagen Golf, one of the best-selling models of car in the world.

The recently released Golf of the eighth generation is the first volume European car model equipped with V2X, offering a major boost to the deployment of the technology on European roads and beyond. [Read more…] about Volkswagen and NXP in ‘world’s largest’ rollout of V2X technology

Universal Robots ‘future-proofs’ production processes at Vietnamese manufacturer with collaborative robots

October 15, 2019 by Mai Tao

Universal Robots has helped Vietnam-based Vinacomin Motor Industry Joint Stock Company “future-proof” its production processes with collaborative robots.

VMIC is a subsidiary of the Vinacomin Group, a state-owned coal and mining giant.

VMIC, one of the first state-owned manufacturers to deploy cobots, has seen productivity increase two to three times, with improved product quality, leading to a 50 to 60 percent rise in orders. [Read more…] about Universal Robots ‘future-proofs’ production processes at Vietnamese manufacturer with collaborative robots