Robotics & Automation News

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Vecna Robotics raises $65 million in Series C funding

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Vecna Robotics, a provider of robotic material handling automation, has raised $65 million in its Series C funding round led by Tiger Global Management, along with additional funding from new investors Lineage Logistics, Proficio Capital Partners, and Impulse.

The new financing will help fund the company’s technology roadmap with new autonomous mobile robots (AMR) and software, and will accelerate fulfillment of new orders and expanded operations to address the $165 billion market opportunity for pallet-moving autonomy.

Craig Malloy, CEO of Vecna Robotics, says: “There is huge headroom for growth in automated material handling with over 5 billion pallets in the world being moved by more than 5 million forklifts and nearly 5 million manual operators. [Read more…] about Vecna Robotics raises $65 million in Series C funding

Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

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Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital.

Financial terms of the transaction were not disclosed.

Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at critical points in the automation value chain. [Read more…] about Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

Mercedes-Benz partners with Luminar to develop automated driving systems

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Mercedes-Benz and Luminar Technologies has agreed a partnership to accelerate development of future automated driving technologies for passenger cars.

A central component of this is the optimal access to new technologies and global competencies.

The new partnership with Luminar underlines Mercedes-Benz’s policy of continuously expanding its network of top-flight tech partners and suppliers for passenger cars. [Read more…] about Mercedes-Benz partners with Luminar to develop automated driving systems

Doosan Robotics breaks South Korean record with annual sales of more than 1,000 collaborative robots

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Doosan Robotics announced it has become South Korea’s first to achieve an annual sales record of 1,000 units for collaborative robots, also known as “cobots”.

Established in 2015, Doosan Robotics has manufactured cobots using proprietary technology and has maintained the position of number one market share holder in Korea since 2018.

Doosan Robotics has also performed remarkably in global markets, becoming the first Korean company to be named as one of world’s top five cobot manufacturers. [Read more…] about Doosan Robotics breaks South Korean record with annual sales of more than 1,000 collaborative robots

Evocargo to exhibit autonomous logistics vehicle technology at CES

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Evocargo will showcase its cutting-edge services in cargo transportation based on their own electric unmanned vehicle in the Vehicle Tech category at the Consumer Electronics Show 2022, being held in Las Vegas from January 5-8.

Established in 2019, Evocargo will exhibit its Smart Logistic service based on unmanned all-electric platforms. Evocargo’s EVO.1 vehicle (3.5 tons full weight) will be displayed, featuring a payload capacity of 1.5 tons, power reserve of 155 miles and operating time of 20 hours with 40-minute charging time.

Evocargo’s all-electric/hydrogen autonomous vehicles ensure its customers’ operations are always on time, optimized and precisely coordinated through all process cycles. [Read more…] about Evocargo to exhibit autonomous logistics vehicle technology at CES

Mecademic Robotics expands into huge markets with its tiny robot

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Mecademic Robotics, the Canada-based maker of a tiny industrial robot, is expanding into some of the largest robotics markets in the world.

The company has reached strategic agreements with new “value-added partners” which will enable it to grow into reginal markets in the US, Canada, France, Germany, and Australia.

As the global market continues to see increased demand for small industrial robot arms, Mecademic says it has increased its production capacity and regional presence to better serve its customers.

Mecademic describes its new partners – which are Allied Automation (USA), The Knotts Company (USA), Electromate (Canada), Pagès Group (France), LMZ (Germany), and Andrew Donald Design Engineering (Australia) – as “cutting-edge automation solution providers”. [Read more…] about Mecademic Robotics expands into huge markets with its tiny robot

Autonomous driving software startup Helm.ai raises $26 million in new funding

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Helm.ai, creator of next-generation AI software for autonomous driving, today announced it has raised $26 million in series B funding.

This funding will help Helm.ai better serve its rapidly growing customer base, and accelerate product expansion of its highly scalable approach to autonomous driving software.

Additional funding in this round was from JM Partners, Base Capital Funding, and Freeman Group, with additional participation from Nicolas Berggruen, ACVC Partners, OneWay Ventures, Binnacle Partners, Nadia Asoyan, Vlad Tenev, Mark Leslie, Jeff Rothschild, and Neil King. [Read more…] about Autonomous driving software startup Helm.ai raises $26 million in new funding

Flinkster relies on MOQO for the future

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Deutsche Bahn has been operating its own car sharing services for 20 years and currently offers the largest car sharing network in Germany. The service has grown to include 4,500 vehicles that can be booked in more than 400 cities and municipalities.

In order to initiate faster growth and new innovations, Deutsche Bahn will rely on MOQO as its carsharing software in the future with its car sharing service Flinkster. Plans for the technical move next year are already in place. [Read more…] about Flinkster relies on MOQO for the future

Sole Source Capital raises $555 million for second fund

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Sole Source Capital, an industrial-focused private equity firm, has closed its second fund, SSC Partners II or “Fund II”, with aggregate total commitments of $555 million.

Fund II was significantly oversubscribed with an initial target of $400 million and reached its hard cap. With the closing of Fund II, Sole Source Capital now manages in excess of $1 billion just three years after the launch of Fund I.

Since 2016, Sole Source has completed 24 transactions focusing on driving rapid value creation in lower middle market companies. [Read more…] about Sole Source Capital raises $555 million for second fund

MassRobotics partners with Procter & Gamble to develop automation and manufacturing-related applications

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MassRobotics, a hub for entrepreneurs starting robotics and automation companies, has launched a new partnership with consumer goods multinational Procter & Gamble to collaboratively explore technologies around automation and manufacturing-related applications.

The goal of the partnership is to develop ideas to improve productivity, drive increased value for consumers, accelerate agility from more automation, and allow more flexibility in meeting the manufacturing deadlines of customers.

In addition to exploring and accessing innovations from resident startups, MassRobotics’ overall community will help P&G remain on the cutting-edge of the robotics and automation industry and more closely collaborate with existing P&G robotics partners in Massachusetts. [Read more…] about MassRobotics partners with Procter & Gamble to develop automation and manufacturing-related applications

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