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Nuro raises $600 million in Series D funding

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Nuro, a startup that has produced an autonomous delivery vehicle, has raised $600 million in its latest funding round. The company is currently valued at almost $10 billion and is building a manufacturing facility in Nevada.

This latest financing round was led by Tiger Global Management with participation from Baillie Gifford, Fidelity Management & Research Company, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Woven Capital, and other existing investors as part of the company’s Series D funding round.

This $600 million financing will support the development and deployment of Nuro’s autonomous delivery service in communities across the country. [Read more…] about Nuro raises $600 million in Series D funding

Apex.AI raises $56.5 million in Series B fundraising round

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Apex.AI, a company developing breakthrough safety-certified software for mobility and autonomous applications, has raised $56.5 million in a Series B fundraising round, bringing the total raised to date to $74 million.

The Series B round was led by Orillion, and included new participation from ZF, Continental, AGCO, Canaan, Lightspeed Venture Partners, Airbus Ventures, Jaguar Land Rover’s InMotion Ventures and others.

Other investments previously announced include Volvo Group Venture Capital, Toyota Ventures and HELLA Ventures, which further form Apex.AI’s world-class group of investors. [Read more…] about Apex.AI raises $56.5 million in Series B fundraising round

ForwardX Robotics raises $31 million in Series C funding round

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ForwardX Robotics, a Beijing-based developer of autonomous mobile robots for warehousing and manufacturing environments, has completed its initial Series C1 funding round, raising $31 million.

The initial round was led by Taikang Life Insurance, with Qualcomm Ventures and Starlight Capital also contributing to the round.

Only seven months after the close of its $63 million Series B round, the latest round of funding brings ForwardX to approximately $100 million in total investment since its founding in 2016. [Read more…] about ForwardX Robotics raises $31 million in Series C funding round

Foxconn invests in wireless power startup’s $25 million Series B funding round

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Powermat Technologies, a wireless power technology startup, says Foxconn has made a “significant investment” as part of a $25 million Series B round.

Foxconn Interconnect Technology, the contract manufacturing giant’s connectivity solutions developer,took part in the funding round along with Hudson Sustainable Group, a founding shareholder of Powermat.

Powermat’s innovative wireless power technology is a critical enabler of the smart mobility, autonomous robotics, industrial drones, medical devices, telecom, and internet of things industries, where Powermat is experiencing exponential growth. [Read more…] about Foxconn invests in wireless power startup’s $25 million Series B funding round

Robotic Research raises $228 million in Series A funding round

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Robotic Research, a developer of autonomous mobility and robotics solutions, has raised $228 million in its Series A funding round – the first outside capital the company has raised.

This funding will drive further innovation and expansion of Robotic Research’s commercial division, RR.AI, which is focused on delivering comprehensive autonomous driving solutions for commercial truck, bus, drayage and logistics vehicles.

Investors in the Series A round include SoftBank Vision Fund 2, Enlightenment Capital, Crescent Cove Advisors, Henry Crown and Company, and Luminar Technologies. [Read more…] about Robotic Research raises $228 million in Series A funding round

Delivery robot startup Serve Robotics raises $13 million in seed funding round

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Serve Robotics, an autonomous sidewalk delivery robot company, has closed a $13 million expanded seed funding round.

The companies participating were strategic investors Uber Technologies; Delivery Hero backed DX Ventures; 7-Eleven’s corporate venture arm, 7-Ventures; and Wavemaker Partners’ food automation focused venture studio Wavemaker Labs.

The new round extends Serve’s previous seed funding and includes participation by existing seed investors Neo, Western Technology Investment, and Scott Banister among others. [Read more…] about Delivery robot startup Serve Robotics raises $13 million in seed funding round

Activ Surgical secures $45 million in Series B funding led by Cota Capital

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Activ Surgical, a digital surgery pioneer, has raised $45 million in a Series B financing round. The Series B round was led by Cota Capital, a multi-stage investment firm focused on private and public modern enterprise technology companies.

Seven new investors, including BAM Funds, Magnetar Capital, Mint Ventures, Castor Ventures, Dream One Vision and Nvidia, join existing investors DNS Capital,Tao Capital Partners, LRVHealth, Rising Tide VC, GreatPoint Ventures and ARTIS Ventures to close out the Series B round of financing.

To date, Activ Surgical has raised a total of $77 million. [Read more…] about Activ Surgical secures $45 million in Series B funding led by Cota Capital

Construction robotics startup Kewazo raises $5 million

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Kewazo, a construction robotics startup, has closed a $5 million series A funding round, bringing the total amount raised to $9 million.

The round was led by True Ventures. Existing investor MIG AG, a Munich-based venture capital firm and one of the founding investors in BioNTech, also participated in the round.

Kewazo is digitizing construction with robotics and data analytics. The startup offers robotic material hoist LiftBot for construction sites and industrial plants. [Read more…] about Construction robotics startup Kewazo raises $5 million

Advanced Farm Technologies completes $25 million Series B funding round

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Advanced Farm Technologies, developers of robotic technology for farmers, has completed a series B investment round raising $25 million to support the company’s growth in strawberry harvesting and the adaptation of its technology to apple harvesting.

The Series B funding round was led by Catapult Ventures and included all the Series A investors Kubota Corporation, Yamaha Motor Corporation, and Impact Ventures.

Kyle Cobb, president, and co-founder of Advanced Farm Technologies, says: “It is gratifying to have the ongoing support and commitment from our early investors in this funding round. It reflects all of our team’s hard work to develop and bring our TX Strawberry Harvester to the market. [Read more…] about Advanced Farm Technologies completes $25 million Series B funding round

Warehouse robotics startup Hai Robotics raises $200 million in funding

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Hai Robotics, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics system, has secured two new continuous rounds of financing, generating more than $200 million in total.

The new money is to be invested in boosting Hai’s robot fleet with technological upgrades, expanding its global operation networks, optimizing its supply chain management and corporate structure as well as talent.

The C round funding was led by 5Y Capital with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International and Scheme Capital. [Read more…] about Warehouse robotics startup Hai Robotics raises $200 million in funding