Market trends and business perspectives
Refraction AI, the robotics startup and creator of the REV-1 autonomous delivery robot, has raised $4.2 million in new seed funding led by Pillar VC.
The company says the capital will be used for customer acquisition, geographic expansion and product development.
Founded in July 2019, Refraction AI solves last-mile delivery logistics with a practical, economical and sustainable application of mobile robot technology. [Read more…] about Delivery robot company Refraction AI raises $4.2 million
Dematic has completed a new automated distribution centre for the Landmark Group in Dubai, UAE, allowing the multinational retailer to consolidate the logistics activities for part of its five existing manual distribution sites.
Mihin Shah, chief supply chain officer of Landmark Group, says: “The automation solution designed by Dematic allows our supply chain network to now operate with enhanced efficiency, productivity and transparency.
“With this investment, we are advancing technological progress and taking a pioneering position in our region.” [Read more…] about Dematic automates Landmark Group’s main distribution centre
By Mike Mills, Director, Business Consulting, Blue Ridge
2021 is the year when companies need earlier insights into new market opportunities, including what items consumers want, on what channel, how much they should stock, and how much they will pay for these products.
The ability to compete in new areas with this level of agility will be the key to unraveling chaos. As e-commerce continues to threaten the market with competitive products that are available nearly instantly, shifting consumer trends can make stocking shelves even more challenging.
Two-thirds of distributors, retailers, and manufacturers report that transportation, labor, and goods were rising more quickly than in previous years. Automation has become a full imperative; Covid has magnified the need. [Read more…] about Automating Performance Metrics: Start with Demand and Inventory Forecasting
Attabotics, a warehouse automation company, has raised $50 million in Series C funding.
The investment round was led by Ontario Teachers’ Pension Plan Board through its Teachers’ Innovation Platform, along with existing investor Honeywell, and brings Attabotics’ total funding to $82.7 million,
Attabotics says the new money will be used to “further accelerate its commercialization, invest in new technologies, scale manufacturing operations, and more”. [Read more…] about Warehouse automation company Attabotics raises $50 million in new funding
Commercial cleaning robots which run Brain Corp’s operating system have racked up 2 million hours of autonomous operation.
Brain Corp, an artificial intelligence company which provides its “Brain OS” software to commercial cleaning robots, says it now powers “the world’s largest fleet of autonomous commercial mobile robots operating in public indoor spaces”, estimated to be more than 10,000.
The milestone was achieved earlier this month due in part to a recent surge in activity by retailers who are maximizing their use of Brain OS-powered cleaning robots in the wake of the Covid-19 health crisis. [Read more…] about Commercial cleaning robots using Brain OS log 2 million hours of autonomous operation
Brain Corp, a developer of artificial intelligence systems for the robotics industry, has raised $36 million in Series D funding to “help meet the growing demand for autonomous mobile robots”.
The company says the growth is being generated by retail, healthcare, airports, education and other industries now on the front lines of the coronavirus health crisis.
The round was led by returning investor SoftBank Vision Fund 1, and includes new investors ClearBridge Investments, and Satwik Ventures, and an additional investment from Qualcomm Ventures. [Read more…] about Brain Corp raises $36 million to meet ‘growing demand for autonomous robots’
On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.
Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.
Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz
Brain Corp, a San Diego-based robotics and artificial intelligence company, says it achieved “record sales and revenue growth in 2019” as retailers increasingly turn to robotic solutions to reduce costs and enhance in-store experiences.
Brain Corp achieved more than a 300 percent increase in revenue last year, fueled by a surge in interest for BrainOS-powered floor care machines by major retailers, including Walmart.
The company also saw a 760 percent increase in global deployments. It now provides the intelligent backend for one of the largest fleets of its kind in the world – approximately 10,000 robots deployed or enabled. [Read more…] about Brain Corp achieves ‘record sales growth’ in 2019 amid strong demand for autonomous mobile robots
Zebra Technologies has introduced SmartSight, a robot for mass merchants, grocers, and supermarkets and hypermarkets.
The company is showcasing the new machine at NRF 2020, the retail technology show currently being held in Chicago, USA.
SmartSight leverages the computer vision, machine learning, workflow automation and robotic capabilities of Zebra’s EMA50 enterprise mobile automation system to accurately identify out-of-stock conditions, pricing inconsistencies and planogram issues on the shelf. [Read more…] about Zebra Technologies unveils new robot for retail operations
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
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