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Foxconn to partner with Robust.AI to develop warehouse automation robots

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Robust.AI, a developer of AI-driven warehouse automation, has agreed a strategic manufacturing partnership with Hon Hai Technology Group, also known as Foxconn, the world’s largest electronics manufacturing services provider, to expand production of its flagship Carter multi-function collaborative robotics platform.

The partnership will enable Robust.AI to rapidly fulfill increasing demand from its growing international customer base and strengthen the resilience of its supply chain and manufacturing operations.

According to a recent Global Market Insights report, the warehouse automation market is forecasted to grow from $26.5 billion in 2024 to $115.8 billion by 2034 – a compound annual growth rate of 15.9 percent. [Read more…] about Foxconn to partner with Robust.AI to develop warehouse automation robots

Robust AI raises $22.5 million to build ‘world’s first’ industrial-grade cognitive engine for robotics

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Robust.ai, the company pioneering an industrial grade cognitive engine for robots, announced today the close of a $15 million Series A investment round, taking the company’s total funding to date to $22.5 million.

JAZZ Venture Partners led the Series A round and was joined by previous investors Playground Global, Liquid2, Fontinalis, Jaan Tallinn and Mark Leslie. Esther Dyson, Steve Blank and Tim O’Reilly are also angel investors in Robust.ai.

Historically, robots have largely been confined to highly predictable environments; Robust aims to change that by creating a new cognitively-driven AI platform that gives robots the problem-solving capabilities they need to work alongside humans in dynamic, open-ended environments, vastly increasing their potential in complex public spaces. [Read more…] about Robust AI raises $22.5 million to build ‘world’s first’ industrial-grade cognitive engine for robotics