realtime

Realtime Robotics raises $18 million Series A funding

Realtime Robotics, a provider of responsive motion planning for industrial robots and autonomous vehicles, says it has raised $11.7 million in Series A funding.

The round was led by Sparx Asset Management, and included participation from Mitsubishi Electric, Hyundai, and Omron Ventures, alongside existing investors Toyota AI Ventures, Scrum Ventures, and the Duke Angel Network.

The new capital will be used to accelerate the development of more commercial product releases and expand the team to support key customers and partners across the globe. [Read more…] about Realtime Robotics raises $18 million Series A funding

Mitsubishi Electric takes a stake in Realtime Robotics

Mitsubishi Electric Corporation has taken an equity stake in Realtime Robotics, Inc. a U.S. technology startup that develops and commercialises motion-planning technologies.

Motion planning is the process of calculating and determining the optimised path that a robot should take to reach a goal without colliding with any obstacle. Realtime Robotics’ motion path planning solution performs the necessary calculations in real time.

Funding by Mitsubishi Electric is expected to accelerate the development of industrial robot systems offering enhanced safety and performance.

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