Robotics & Automation News

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Vecna Robotics closes $100 million in Series C funding

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Vecna Robotics, a provider of flexible material handling automation solutions, has closed its Series C round at $100 million, with $40 million in new funding including equity and debt. This latest investment nearly doubles the company valuation from the previous round.

Tiger Global Management, Proficio Capital Partners, and IMPULSE participated in the round.

The cash infusion will be used to fund new workflow-specific innovations that enable the company to deliver rapid return on investment to cost conscious warehouse operators served by the $165 billion pallet-moving autonomy market. [Read more…] about Vecna Robotics closes $100 million in Series C funding

Seasony raises €1.5 million to bring mobile robot to more vertical farms across Europe and Middle East

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Seasony, a provider of mobile robotics for vertical farming, has closed its latest funding round, securing €1.5 million in investment from a group of high-profile investors.

The round was led by North Ventures and EFIO (Export and Investment Fund of Denmark). Alongside them several prominent and experienced business angels invested including Vagn Ove Soerensen, Torben Wind, Klaus Holse, Barbara Taudorf Andersen, Nicolaj Reffstrup (Look Up Ventures) and many more.

This funding milestone will propel Seasony forward in its mission to make indoor farming more scalable, profitable, and sustainable through cutting-edge mobile robotics technology. The funds allow Seasony to accelerate its product development and expand towards key markets in the Middle East and North America. [Read more…] about Seasony raises €1.5 million to bring mobile robot to more vertical farms across Europe and Middle East

Neura Robotics raises $55 million in fresh capital

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Neura Robotics, an emerging AI and robotics startup, has closed a $55 million funding round, led by European investors Lingotto, an investment management company owned by Exor, Vsquared Ventures, Primepulse and HV Capital.

Neura Robotics has risen to become a global pioneer in cognitive robotics in just three years and claims innovation leadership in the industry.

As the first company to combine AI and robotics, Neura unveiled the world’s first market-ready cognitive cobot shortly after its founding. [Read more…] about Neura Robotics raises $55 million in fresh capital

Agriculture robotics startup Future Acres looking to raise $3 million

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Startup Future Acres is looking to raise $3 million to bring agricultural robotics to the farm industry in order to “optimize workforce efficiency”. 

The initiative to raise up to $3 million in seed capital is being organized through the equity crowdfunding site SeedInvest. The company is producing an autonomous, electric agricultural robotic harvest companion, named Carry, to help farmers gather hand-picked crops faster and with less physical demand.

At a time when farmers are tasked with producing more food than ever before to meet growing global population demands – predicted to get as high as 10 billion people by 2050 – limitations in labor and harvesting tools, in addition to environmental scrutiny, have prevented farmers from staying profitable and scaling their businesses. [Read more…] about Agriculture robotics startup Future Acres looking to raise $3 million

Trump to raise tariffs on China goods to 25 percent

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US President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.

The levies will affect approximately $350 billion worth of Chinese exports to America.

Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.

[Read more…] about Trump to raise tariffs on China goods to 25 percent