Robotics & Automation News

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Autonomous logistics startup Venti Technologies raises $28.8 million in Series A funding

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Venti Technologies, a provider of autonomous logistics for global supply chain and industrial hubs, has secured $28.8 million in a Series A financing.

The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners.

The funding will be used to accelerate Venti’s growth and meet increasing demand from customers worldwide. [Read more…] about Autonomous logistics startup Venti Technologies raises $28.8 million in Series A funding

Wingtra lands $22 million funding round for its commercial drones

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The business use case and appetite for drone technology is growing rapidly, a marketplace that was worth $29.8 billion in 2022 and is growing 38.6 percent annually.

Serving this demand, Wingtra, which claims to be the world’s largest producer of commercial vertical take-off and landing (VTOL) drones, has closed a $22 million series B funding round as they accelerate their operations globally.

The funding round included DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens (founder of Spring Mountain Capital) and some of the most successful Swiss Entrepreneurs. [Read more…] about Wingtra lands $22 million funding round for its commercial drones

Employee management software provider Rippling raises $500 million in Series E financing

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By Parker Conrad, CEO, Rippling

Rippling, a provider of automated software for employee management, has raised $500 million in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022.

This was an unusual round, raised in record time and for a purpose that ultimately resolved on its own. It all started on Friday, March 10th at 5.30 am PST.

Rippling’s primary banking partner, Silicon Valley Bank (SVB), collapsed with dizzying speed on Thursday, March 9, and entered FDIC receivership on Friday, March 10. [Read more…] about Employee management software provider Rippling raises $500 million in Series E financing

Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

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One of the fastest growing companies in the global robotic and digital surgery space, Ronovo Surgical, recently raised new financing to accelerate its vision of broad, cross-specialty adoption of robotic-assisted surgery.

The latest round of financing arms Ronovo with more than $50 million raised since 2020. Led by LongRiver Investments (LRI), this round garnered continued support from existing investors – Lilly Asia Ventures, Vivo Capital, Matrix Partners China and GGV Capital – with CEC Capital acting as exclusive financial advisor.

Exiting stealth mode, Ronovo unveils its inaugural robotic platform – Carina, an innovative modular system built on proprietary technology to enable configurable robotic assistance for laparoscopic surgeries across multiple specialties. [Read more…] about Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system

Construction robotics company Kewazo raises $10 million in Series A funding

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Kewazo, a construction robotics startup, has closed its $10 million Series A funding round, bringing the total funds raised to date to approximately $20 million.

The round was led by Fifth Wall, with notable participation from Cybernetix Ventures, Unorthodox Ventures as well as the construction software company Nemetschek.

Existing investors True Ventures and MIG Capital also participated in the round. This round comes on the heels of Kewazo’s $5 million Pre-Series A that closed in September 2021. [Read more…] about Construction robotics company Kewazo raises $10 million in Series A funding

Photoneo Brightpick raises additional $19 million to complete $40 million in Series B funding

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Photoneo Brightpick Group, the parent company of Photoneo, a provider of robotic vision sensors and intelligence software, and Brightpick, a provider of warehouse automation solutions for ecommerce and grocery order fulfillment, has raised an additional $19 million to complete a $40 million Series B.

Taiwania Capital led this most recent round, which also included follow-on investments by prior Series B lead investors IPM Group and Alpha Intelligence Capital.

Additional investors in this round include H&D Asset Management, Venture to Future Fund and Kolowrat Group. This round brings the company’s total capital raised since inception to $53 million. [Read more…] about Photoneo Brightpick raises additional $19 million to complete $40 million in Series B funding

Aerones raises $30 million to develop wind turbine maintenance robot

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Aerones, a Latvia-based company specializing in robot-enabled wind turbine maintenance and inspection, has secured $30 million in growth capital to scale its business globally.

The capital will be used to help the Company meet surging demand in a market which is expected to reach $50 billion in value by 2028.

The funding round was co-led by Lightrock, the global growth equity investor, and Haniel, the European family-owned purpose-driven investor. [Read more…] about Aerones raises $30 million to develop wind turbine maintenance robot

Bowe Group leads $8.2 million investment round in robot software company Mov.ai

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Bowe Group, a provider of integrated automation technology, has led an $8.2 million investment round in Mov.ai, a startup specializing in autonomous mobile robots software.

The investment round includes Mov.ai’s existing investors State of Mind Ventures, NFX, and Viola Ventures.

Automation is playing an increasingly important role in the supply chain, specifically in intralogistics, with robots at the forefront of this trend. [Read more…] about Bowe Group leads $8.2 million investment round in robot software company Mov.ai

Civ Robotics raises $5 million seed funding round

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Civ Robotics has closed a $5 million seed funding round led by ff Venture Capital and Alley Robotics Ventures, with participation from Trimble Ventures.

Civ Robotics’ autonomous surveying solution, CivDot, is an unmanned ground vehicle (UGV), designed for civil engineering and infrastructure projects, such as solar farms, roadways, data centers and power plants to name a few.

Tom Yeshurun, co-founder and CEO of Civ Robotics, says: “The construction industry faces worker shortage challenges, and CivDot is empowering efficiency and safety on the job, while driving projects forward from the start. [Read more…] about Civ Robotics raises $5 million seed funding round

Galen Robotics closes oversubscribed $15 Million Series A funding round

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Galen Robotics, which describes itself as a “digital-surgery-as-a-service pioneer”, has completed the first close for an oversubscribed Series A round with $15 million in funding, including investment from Ambix Healthcare Partners, from Menlo Park, California.

Galen Robotics has submitted a new collaborative soft tissue surgical robot, intended to address unmet needs in the market, to FDA for consideration.

Galen plans to level the surgical playing field by erasing large capital expenditures associated with today’s surgical robots. Galen Robotics will be the first surgical robotics company to launch as “as-a-service” using the per-usage disposable model. [Read more…] about Galen Robotics closes oversubscribed $15 Million Series A funding round