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Top 10 Future Trends in the Robotics Industry

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The Robotics Industry has given us significant innovations. From industrial swarm robots to AI, the continuously flourishing industry continues to reshape our lives.

In a world of continuous advancement and innovations, staying updated about the latest trends in the robotics industry is imperative.

The advent of CoBots, RaaS, and Soft Robotics has changed how our industries achieve excellence by enhancing their accuracy and proficiency. [Read more…] about Top 10 Future Trends in the Robotics Industry

GrayMatter Robotics raises $45 million in Series B funding

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GrayMatter Robotics, an AI-powered robotics developer that claims to provide systems that offer “instant return on investment”, has raised $45 million in Series B funding.

Wellington Management led the round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

The $2.5 trillion US manufacturing industry is grappling with a growing backlog of unfilled orders due to a severe labor shortage. Many of these roles are hazardous and demand extensive training, leading to a critical gap of 3.8 million unfilled jobs. [Read more…] about GrayMatter Robotics raises $45 million in Series B funding

Compliance and Regulation in the Robotics Industry

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From the main characters of science fiction books and movies, robots have suddenly become a part of our everyday reality. They count, write, cook, clean, build, and even perform surgeries.

Though it is too early to speak about the rise of machines, the robotics industry has already implemented some limitations for the robots it creates, including legal ones.

What does compliance mean when it comes to machines with intellect, and what regulations control their actions? Let’s discover! [Read more…] about Compliance and Regulation in the Robotics Industry

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

DHL picks record 500 million items using Locus robots

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DHL Supply, the contract logistics division of DHL, says it has reached the milestone of 500 million picks accomplished using Locus Robotics’ LocusBot autonomous mobile robots.

This achievement underscores the transformative impact of Locus’ AMR technology on productivity and operational efficiency at an unprecedented scale.

The historic 500 millionth pick occurred on May 18, 2024, at DHL’s Toledo, Spain facility, where a LocusBot retrieved a consumer home goods product. [Read more…] about DHL picks record 500 million items using Locus robots

Robot simulation market set to grow to $1.4 billion

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Robotics simulation software is a pivotal technology for expanding automation in reshoring manufacturing initiatives. It provides a streamlined and robust pathway for innovation adoption and future-proofing facilities and workflows across the automation landscape.

Global technology intelligence firm ABI Research found that design and development simulation software revenue will grow at a 21.6 percent compound annual growth rate to the end of the decade.

This growth is primarily driven by the need for rapid prototyping, training, and the testing of robotics products from incumbent robotics companies and emerging disrupters. The entire dedicated robotics simulation software market will reach $1.4 billion by 2030. [Read more…] about Robot simulation market set to grow to $1.4 billion

Space robotics poised to see ‘explosive growth’, says new report

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Five years ago, NASA launched a mission straight out of a sci-fi blockbuster by deploying its robotic system, Astrobees, on the International Space Station (ISS) to assist astronauts with repair and maintenance.

Fast forward to today, and space robotics has taken a giant leap forward, becoming a hotbed of innovation and investment. This burgeoning field is now at a pivotal moment, poised for explosive growth.

The past three years have seen over 40 pioneering companies enter the space robotics arena, attracting more than $200 million in venture capital, according to Technology Foresights, an innovation intelligence platform by GlobalData, a research, data and analytics company. [Read more…] about Space robotics poised to see ‘explosive growth’, says new report

Store robot Tally has had a ‘positive impact’ on retail operations, says Simbe report

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Simbe Robotics, a provider of stock-taking robots for retail stores, has unveiled new data from its first annual Store Team Technology Sentiment Report.

In a recent survey of nearly 200 store managers who use Simbe’s inventory robot, Tally, the majority of respondents cited multiple positive impacts of the technology.

As an increasing majority of retailers invest in automation to strengthen their businesses and improve the in-store experience, these results reinforce the value of deploying technology across store chains and confirm the direct benefits to teams, while positioning Simbe as the only provider with proven results at scale. [Read more…] about Store robot Tally has had a ‘positive impact’ on retail operations, says Simbe report

ABB launches next-generation Robotics control platform OmniCore

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ABB Robotics has launched the latest version of robotics control platform, OmniCore, describing it as “an intelligent automation platform that is faster, more precise and more sustainable, to empower, enhance and futureproof businesses”.

The OmniCore platform, the result of more than $170 million of investment in next generation robotics, is a step change to a modular and futureproof control architecture that will enable the full integration of AI, sensor, cloud and edge computing systems to create “the most advanced and autonomous robotic applications”, according to ABB.

Sami Atiya, president of ABB’s Robotics & Discrete Automation Business Area, says: “For our customers, automation is a strategic requirement as they seek greater flexibility, simplicity and efficiency in response to the global megatrends of labor shortages, uncertainty and the need to operate more sustainably.

[Read more…] about ABB launches next-generation Robotics control platform OmniCore

Revolutionizing Animation and Robotics with Render Farms

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Render farms are high-performance computer systems, often comprising thousands of nodes, dedicated to rendering computer-generated imagery (CGI).

Traditionally, these farms have been instrumental in the production of films, animations, and visual effects, drastically reducing the time needed to produce high-quality visuals by distributing rendering tasks across multiple machines​ (Wikipedia)​​ (SabrePC)​​.

Recently, there has been a burgeoning interest in leveraging render farm technology for robotics, promising to bring significant advancements to this field. [Read more…] about Revolutionizing Animation and Robotics with Render Farms