Robotics & Automation News

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AutoStore wins prestigious prize at the European Business Awards

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Norwegian robotics company AutoStore won Business of the Year with Turnover of €150 million or higher at the European Business Awards presented earlier this week in Warsaw, Poland. 

The Awards are one of the most established business competitions, which recognises Europe’s leading companies each year.

Headquartered in Nedre Vats in Rogaland, AutoStore is one of the world leaders in high-density storage with an existing award-winning robotic cube-based, storage and retrieval system that has transformed the logistics and delivery process for businesses across the globe. [Read more…] about AutoStore wins prestigious prize at the European Business Awards

Retailers expected to buy more than 150,000 robots by 2025

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The retail sector is expected to buy more than 150,000 robots by 2025, according to a study by ABI Research.

The next generation of mobile robots for cleaning, inventory management, and material handling are “passing the test in retail”, says ABI.

Several robotics companies have grown their autonomous mobile robot fleet in 2019 and are poised to scale exponentially over the next five years. [Read more…] about Retailers expected to buy more than 150,000 robots by 2025

Can robots save the e-commerce holiday season?

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It’s getting close to Christmas and that means it’s time for e-commerce fulfillment managers to start getting worried about the availability of labor for the holiday season.

According to a recent article in Supply Chain Dive, “this year’s peak season promises additional challenges in recruiting new hires as the pool of available labor shrinks”.

As the article points out, the US unemployment rate hit a 50-year low in September 2019. [Read more…] about Can robots save the e-commerce holiday season?

Micrologistics startup Takeoff Technologies raises $25 million

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Takeoff Technologies has closed its Series C fundraising with an additional $25 million in investment for 5 percent of the company, with a valuation of $500 million, bringing the total funds raised to $86 million.

The Series C funding was led by Forrestal Capital. This funding is set to propel a rollout scale across North America, Europe and Australia.

Takeoff is at the forefront of microfulfillment as the first and only solution provider with several operating sites in partnership with major grocery retail chains. [Read more…] about Micrologistics startup Takeoff Technologies raises $25 million

Simbe Robotics raises $26 million in Series A funding round

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Simbe Robotics, which specializes in robotics and artificial intelligence for retail, has completed two separate funding deals.

One was a Series A equity financing round, and the other was an inventory financing agreement with SoftBank Robotics.

Simbe says the financing will allow the company to increase efficiencies in production and deployment of its Tally robot. [Read more…] about Simbe Robotics raises $26 million in Series A funding round

AT&T working with Badger Technologies to provide 5G networking for retail robots

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AT&T and Badger Technologies are working together to accelerate retail automation using autonomous robots with 5G wireless networking capabilities.

Badger Technologies’ robots empower retailers to improve operational efficiencies and customer experiences by identifying out-of-stock, mispriced or misplaced inventory as well as store hazards.

These advanced mobile data collection systems can fill major gaps in the collection and sharing of vital in-store data and images, but also can tax a store’s existing Wi-Fi network. [Read more…] about AT&T working with Badger Technologies to provide 5G networking for retail robots

What are the benefits of machine learning in business?

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Machine learning makes our lives so much easier every day. Work that used to take people several hours or even days now can be completed in a blink of an eye by artificial intelligence program.

Due to that, we have less work to do and more spare time.

Also, there are no “human” mistakes involved in the process. [Read more…] about What are the benefits of machine learning in business?

Robert Bosch Venture Capital leads growth funding round in MegaRobo

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Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group, is leading a growth financing round in MegaRobo. 

The Chinese high-tech robotic company with over 100 employees is headquartered in Beijing and integrates cutting-edge machine vision and artificial intelligence (AI) to provide modular automation solutions for lab automation, smart retail and light industrial sectors.

“MegaRobo’s technology increases efficiency in production automation. Already today, robots from MegaRobo are used for special applications in the end-of-line production of household appliances at Bosch”, says RBVC managing director Dr Ingo Ramesohl.

[Read more…] about Robert Bosch Venture Capital leads growth funding round in MegaRobo

FedEx to use Dollar General stores for parcel drop-off and pick-up

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FedEx Corp. and Dollar General announced today a strategic alliance that will offer new, convenient access to FedEx drop-off and pickup services at thousands of Dollar General stores across the USA.

The effort is designed to increase access for all customers, particularly those living in rural communities.

FedEx and Dollar General plan to begin rolling out the service in more than 1,500 Dollar General stores in late summer 2019, building to a total of more than 8,000 stores by the end of 2020.

[Read more…] about FedEx to use Dollar General stores for parcel drop-off and pick-up

Cleveron wins deal with Latin American retail giant Falabella Retail

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Estonian click and collect company Cleveron has begun working with Chile-based Falabella Retail, part of Falabella Group, which is the third largest company in Latin America.

Falabella Retail has installed the Cleveron 402 parcel robot, which dispenses online purchases in shops, in the Los Dominicos Shopping Centre in Chile’s capital city Santiago.

Customers make their purchases online, choose in-store delivery and later receive their parcels from the robot using the order code. Cleveron 402 is also used by the fashion retailer Zara.

[Read more…] about Cleveron wins deal with Latin American retail giant Falabella Retail