Robotics & Automation News

Market trends and business perspectives

round

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

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

Ottonomy closes $3.3 million seed funding round

by Leave a Comment

Ottonomy has closed its seed funding round of $3.3 million, bringing its total funding to date to $4.9 million.

The funding is planned to support the scale of Ottobots for fully autonomous airport, retail and restaurant deliveries with its robots.

The funding round is led by Pi Ventures who back deep tech startups. Connetic Ventures and Branded Hospitality Ventures and the Founder & CEO of Addverb Technologies, Sangeet Kumar, also joined this round; making the group a dynamic mix from retail, food and robotics industry investors for Ottonomy’s seed round. [Read more…] about Ottonomy closes $3.3 million seed funding round

Medical Microinstruments secures $75 million to advance robotic microsurgery

by Leave a Comment

Medical Microinstruments, a robotics company dedicated to improving clinical outcomes for patients undergoing microsurgery, says it has raised $75 million in Series B financing.

Deerfield Management led the round with participation from new investors, RA Capital Management and Biostar Capital, as well as existing investors, Andera Partners, Fountain Healthcare Partners, Panakès Partners and Sambatech.

The company also announced the addition of three new members to its board of directors. [Read more…] about Medical Microinstruments secures $75 million to advance robotic microsurgery

Industrial inspection startup Gecko Robotics raises $73 million

by 1 Comment

Gecko Robotics, a leader in robotics and industrial asset management software, has revealed details of its Series C funding round of $73 million, led by XN with participation from Founders Fund, XYZ, Drive Capital, Snowpoint Ventures, Joe Lonsdale, Mark Cuban, Gokul Rajaram, and others.

The company says this latest funding round accelerates Gecko’s stated mission, “To protect today’s critical infrastructure, and give form to tomorrow’s”.

Co-founded by Jake Loosararian, CEO, and Troy Demmer, chief product officer, Gecko focuses on essential industries such as power generation, oil and gas, heavy manufacturing, and defense. [Read more…] about Industrial inspection startup Gecko Robotics raises $73 million

FarmWise raises $45 million to expand AI-powered farm equipment

by Leave a Comment

Farm automation startup FarmWise Labs has completed an oversubscribed $45 million Series B funding round, led by leading ag-tech venture firms Fall Line Capital and Middleland Capital, with participation from GV and Taylor Farms, a grower and processor of leafy greens and fresh vegetables.

Existing investors Calibrate Ventures, Playground Global, SVG Ventures and the venture arm of Wilbur Ellis also participated in the round. To date, FarmWise has raised $65 million in equity.

With this round, Clay Mitchell, co-founder and managing director of Fall Line Capital and a fifth-generation Iowa farmer joins the FarmWise board of directors. [Read more…] about FarmWise raises $45 million to expand AI-powered farm equipment

Hai Robotics raises more than $100 million in D+ financing round

by Leave a Comment

Hai Robotics, the developer of its own Autonomous Case-handling Robot (ACR) systems for warehouse logistics, has raised more than $100 million in a D+ round of financing.

The lead investor is Capital Today, and co-investors include a top US dollar fund and existing shareholders including 5Y Capital, Source Code Capital, Sequoia Capital and 01VC.

This is the third round of financing it has obtained within the past 12 months. [Read more…] about Hai Robotics raises more than $100 million in D+ financing round

Yamaha Motor Ventures leads $7.5 million funding round for Verge Ag

by Leave a Comment

Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor, has led a $7.5 million Series A funding round for Verge Ag, a precision agriculture company.

Verge claims to be the developer of the world’s first AI-powered interactive software that enables farmers to plan, simulate, and validate the movement of equipment in the field and execute field operations efficiently.

Nolan Paul, partner and Global Ag Tech lead for Yamaha Motor Ventures, says: “This investment in Verge Ag underlines our thesis that precision farming technologies are mission critical to a sustainable future for agriculture. [Read more…] about Yamaha Motor Ventures leads $7.5 million funding round for Verge Ag

Miso Robotics opens Series E funding round after already raising $50 million

by Leave a Comment

Miso Robotics, the robotics company specialising in the restaurant industry with, is opening its Series E funding round after raising more than $50 million through equity crowdfunding in its Series C and D.

The company is aiming to raise $40 million this round and plans to use the new capital to more rapidly satisfy the product demand it is facing in the marketplace, as well as grow its workforce, which has more than tripled in size in the past year.

It is currently accepting investment reservations in this round while it undergoes the SEC review process.  [Read more…] about Miso Robotics opens Series E funding round after already raising $50 million