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Locus Robotics reaches half-a-billion units picked milestone

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Locus Robotics, a provider of autonomous mobile robots for warehouses, says it has surpassed the half-a-billion-units-picked milestone. This new achievement was attained just 94 days after Locus reached their 400 million level.

Rick Faulk, CEO, Locus Robotics, says: “Reaching our half-billion pick milestone this quickly underscores the critical business value that Locus’s proven technology brings to our customers around the world as they face exploding order volumes and limited labor availability.

“As ecommerce volumes increase, the pace of picking with LocusBots is also increasing exponentially. Locus’s first 100-million milestone took 1,542 days while the most recent 100 million picks took just 94 days. [Read more…] about Locus Robotics reaches half-a-billion units picked milestone

Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

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Consumer robotics and smart appliance vendors will continue to benefit from the boost in consumer spending on home technology in 2021, building on the uplift that started in the second half of 2020.

Global tech market advisory firm ABI Research calculates that the consumer robotics and smart appliance market will generate $80 billion in revenues in 2021, up 40 percent on 2020 revenues.

Growth comes as two dynamics combine, says the analyst. [Read more…] about Pandemic drives smart appliance and consumer robotics market revenues to $80 billion in 2021

Lyro goes global through collaboration with IMI Precision Engineering

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Brisbane, Australia-based Lyro Robotics has been contracted to license their Lyro Machine Intelligence software to US based IMI Precision Engineering.

This technology partnership will deliver smart robots that will replicate the “hands”, “eyes” and “brain” of human capabilities in automation and logistics applications.

The partnership means the two companies will work to deliver a full-stack robotic solution to satisfy the rising global demand for automated bin picking in various industries, such as agriculture, logistics and e-commerce. [Read more…] about Lyro goes global through collaboration with IMI Precision Engineering

Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

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The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.

The ongoing advancement in technologies is propelling the market growth during the forecast period.

The growing adoption of advanced technologies such as automation, artificial intelligence, machine learning, Robot as a Service (RaaS), and many other technologies are expected to drive market growth during the forecast period. [Read more…] about Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

US DoD selects Stratom to migrate robotic systems from ROS-1 to ROS-2

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Stratom, a developer of autonomous ground vehicles and robotic systems for logistics and operational applications, has been selected as part of an exclusive team to deliver the US Department of Defense’s Stage II of the Modular Autonomy and Robotic Software program, which involves the collaborative migration of Robotic Technology Kernel software modules from the first version of the Robot Operating System to ROS 2. 

For nearly a decade, the US government has been developing ROS-M (Robotic Operating System-Military), an ecosystem of software architectures, reusable components and supporting infrastructure to enable rapid development and fielding of robotic and autonomous systems.

Built on ROS 1, ROS-M enables the DoD to benefit from open-source development practices while maintaining tight control over the community-developed code. However, ROS 1’s current revision, Noetic, is set to be the last version, with support ending in 2025. [Read more…] about US DoD selects Stratom to migrate robotic systems from ROS-1 to ROS-2

Monogram Orthopedics attracts 5,000 investors on way to raising $30 million

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Monogram Orthopedics, the startup advancing the future of joint replacement surgery, has attracted 5,000 Series B investors – and almost $1 million – on crowdfunding platform StartEngine.

Aiming to personalize the $19.6 billion joint replacement market through artificial intelligence, robotics, and 3D printing, Monogram Orthopedics is targeting a $34 million raise to scale and bring their technology to market.

The company expects to kick off its unmatched personalized approach with its first Total Knee Arthroplasty implant FDA submission planned for later this year. [Read more…] about Monogram Orthopedics attracts 5,000 investors on way to raising $30 million

Sarcos Robotics signs up Pine Environmental as distribution partner

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Sarcos Robotics, a developer of exoskeletons and other robotic systems, has signed up Pine Environmental Services as an official distributor.

Pine Environmental is a professional services company providing equipment for environmental monitoring, nondestructive testing, visual inspection, and continuous emissions monitoring.

The agreement will see Pine Environmental become an official distributor of the award-winning Guardian S remote visual inspection and surveillance robot. [Read more…] about Sarcos Robotics signs up Pine Environmental as distribution partner

Founder Institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston

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The Founder Institute, the world’s largest pre-seed startup accelerator, is partnering with NASA Ames Research Center and MassRobotics for the upcoming Founder Institute AI & Robotics Accelerator program in Boston.

Founders working on aerospace/space, robotics, artificial intelligence, machine learning, autonomous vehicles, augmented/virtual reality, voice, drones and related technologies can apply to the program here: http://fi.co/join/AIRobotics. [Read more…] about Founder Institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston

Revenues from robotics in warehouses to exceed $51 billion by 2030

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The warehousing industry has ramped up its automation efforts considering the increased order volume and labor shortages fueled by the pandemic.

In addition to technology solutions such as augmented reality powered smart glasses and handheld devices with enhanced capabilities, autonomous, collaborative, and mobile robots are proving to be the most popular and fastest-growing productivity-enhancing solution in the warehouse workspace.

According to ABI Research, a global tech market advisory firm, worldwide commercial robot revenue in warehouses will have a compounded annual growth rate of over 23 percent from 2021 to 2030 and exceed $51 billion by 2030. [Read more…] about Revenues from robotics in warehouses to exceed $51 billion by 2030

ABB to acquire autonomous mobile robot maker ASTI

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ABB says it will acquire ASTI Mobile Robotics Group, an autonomous mobile robot manufacturer with a broad portfolio across all major applications enabled by the company’s software suite.

This will expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for the next generation of flexible automation.

The acquisition, a key part of ABB’s external growth strategy, was signed on July 19 and is expected to close in mid-summer 2021. Both parties agreed not to disclose any details regarding the purchase price. [Read more…] about ABB to acquire autonomous mobile robot maker ASTI