Robotics & Automation News

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Locus Robotics acquires Waypoint Robotics

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Locus Robotics, a provider of autonomous mobile robots for fulfillment warehouses, has acquired Waypoint Robotics, a builder of omnidirectional mobile robots. Financial details were not disclosed.

Rick Faulk, CEO of Locus Robotics, says: “Locus is the proven leader in the development of highly productive and innovative AMR technology that efficiently solves our customers’ needs for total warehouse optimization.

“As order fulfillment and labor shortages continue to grow around the world, the acquisition of Waypoint Robotics will accelerate our ability to meet these global needs in just months rather than years, helping us drive the digital transformation of the warehouse.” [Read more…] about Locus Robotics acquires Waypoint Robotics

Advanced Farm Technologies completes $25 million Series B funding round

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Advanced Farm Technologies, developers of robotic technology for farmers, has completed a series B investment round raising $25 million to support the company’s growth in strawberry harvesting and the adaptation of its technology to apple harvesting.

The Series B funding round was led by Catapult Ventures and included all the Series A investors Kubota Corporation, Yamaha Motor Corporation, and Impact Ventures.

Kyle Cobb, president, and co-founder of Advanced Farm Technologies, says: “It is gratifying to have the ongoing support and commitment from our early investors in this funding round. It reflects all of our team’s hard work to develop and bring our TX Strawberry Harvester to the market. [Read more…] about Advanced Farm Technologies completes $25 million Series B funding round

Warehouse robotics startup Hai Robotics raises $200 million in funding

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Hai Robotics, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics system, has secured two new continuous rounds of financing, generating more than $200 million in total.

The new money is to be invested in boosting Hai’s robot fleet with technological upgrades, expanding its global operation networks, optimizing its supply chain management and corporate structure as well as talent.

The C round funding was led by 5Y Capital with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International and Scheme Capital. [Read more…] about Warehouse robotics startup Hai Robotics raises $200 million in funding

EPHJ trade show returns to bring together industrial high precision in Geneva

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After a somewhat “sterile” year in 2020 due to the Covid-related restrictions, the EPHJ Trade Show has done everything to ensure that this 2021 edition, initially postponed for some months, can now be held in the best possible conditions, given the wider public-health backdrop.

This year, the Trade Show will host more than 500 exhibitors at Palexpo. Large numbers of Swiss and international visitors, mainly from neighbouring countries, have already signed up. From small SMEs to sizeable multinationals, no one wants to miss this “return to normal”.

“The convivial and friendly spirit at the EPHJ Trade Show is one of the main factors behind its success”, explains Alexandre Catton, Director of the Trade Show. “Everyone really wants to meet up, reconnect with each other, smile at one other without a screen, have a drink with their clients and do some face to face business.” [Read more…] about EPHJ trade show returns to bring together industrial high precision in Geneva

Advanced driver assistance systems market projected to reach $60 billion by 2026

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The advanced driver assistance system market is likely to exceed a valuation of $60 billion by the end of 2026, according to a research report by Global Market Insights.

Growing number of research and development activities centered on integrating technologies like AI to enhance passenger safety is stimulating the development of new ADAS systems.

The advanced driver assistance systems form an integral and intelligent cog of the automobile interiors. These systems assist the main driver in ample ways by providing them the vital information about traffic, roadblock, congestion levels, suggested routes, and others. [Read more…] about Advanced driver assistance systems market projected to reach $60 billion by 2026

New IDTechEx report outlines future of agricultural robotics industry

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IDTechEx has released Agricultural Robotics Market 2022-2032, a market research report exploring the technical and market factors that are shaping the emerging industry around agricultural robotics.

The agricultural robotics industry has grown quickly in recent years, spurred on by advances in robotics technology and artificial intelligence, and may be set to help alleviate some of the labor issues that are currently threatening global agriculture.

Agricultural robotics, as covered in the new IDTechEx report, can be used to automate a range of agricultural tasks, including weeding, seeding, and harvesting of fresh fruit. [Read more…] about New IDTechEx report outlines future of agricultural robotics industry

Delivery drones market expected to reach $5.6 billion by 2028

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The global market for delivery drones is expected to be valued at $5,586.5 million by 2028, at a compound annual growth rate of 41.3 percent during the forecast period (2021-2028).

The figure are highlighted in a report published by Coherent Market Insights. [Read more…] about Delivery drones market expected to reach $5.6 billion by 2028

South Korea’s top battery makers enjoy steady growth

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South Korea’s Electric Vehicle Battery Trio – LG, Samsung, and SK – enjoyed steady growth in the January to March period, according to a report by SNE Reseach.

Amid intense competition in global EV battery deployment, LG Energy Solution ranked 2nd, while Samsung SDI and SK Innovation captured the 5th and 6th spots respectively.

Global competition for the world’s top spot for the xEV (EV, PHEV, HEV) battery market is getting fiercer, with CATL continued to top for both Mar 2021 and Jan-Mar 2021. LG Energy Solution came in 2nd, while Samsung SDI and SK Innovation ranked 5th and 6th respectively. [Read more…] about South Korea’s top battery makers enjoy steady growth

Noyes Technologies secures $3.8 million to ‘revolutionize’ automation of urban storage areas with robotized nano warehouses

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Noyes Technologies, provider of a flexible robotic warehousing solution designed for urban use, has completed a seed investment round of $3.8 million, led by Vsquared Ventures, and joined by 468 Capital and the Abacon Capital.

The way of consuming is changing rapidly. Customers are requesting ever speedier delivery times but storage spaces close to the customer, especially in the urban landscape, are scarce and costly.

By providing a unique solution ahead of market demand and empowering the delivery and quick commerce market on the journey to profitability, Noyes Technologies is the enabler for urban living and dynamic consumer behavior. [Read more…] about Noyes Technologies secures $3.8 million to ‘revolutionize’ automation of urban storage areas with robotized nano warehouses

Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

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Consumer robotics and smart appliance vendors will continue to benefit from the boost in consumer spending on home technology in 2021, building on the uplift that started in the second half of 2020.

Global tech market advisory firm ABI Research calculates that the consumer robotics and smart appliance market will generate $80 billion in revenues in 2021, up 40 percent on 2020 revenues.

Growth comes as two dynamics combine, says the analyst. [Read more…] about Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

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