Robotics & Automation News

Market trends and business perspectives

sarcos

Exoskeleton market projected to grow to $6 billion

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The current robotics limelight tends to focus on the ability of new innovations to automate tasks, but a less publicized development is taking place whereby passive exoskeletons have been slowly deployed and adopted to help augment the capability of human workers.

Exoskeleton popularization through passive suits will provide a base for increased resources for powered suits, which will eventually provide significant augmentative capability to the industrial workforce.

By 2028, global Exoskeleton revenues will reach $5 billion with hundreds of thousands of active exoskeletons being deployed, according to ABI Research. The research consultancy’s findings are on its report, Exoskeletons for Industrial Use Cases.

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Sarcos teams up with leading industrial innovators on exoskeletons

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Sarcos Robotics has formed an industry focused Exoskeleton Technical Advisory Group (“X-TAG”) comprised of executives from leading companies in industrial manufacturing, automotive, aviation and aerospace, construction, oil & gas, and utilities.

The X-TAG is working with Sarcos and industry groups to identify key performance and safety requirements necessary to bring powered and quasi-passive, full-body industrial exoskeleton systems to the work force.

Sarcos specializes in the production of robots that combine human intelligence and dexterity with the strength, endurance and precision of machines to improve efficiency and reduce occupational injuries for complex or non-repetitive tasks.

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Sarcos Robotics raises $25 million in funding from the likes of Microsoft and General Electric

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Startup company Sarcos Robotics has raised another $15.625 million in financing, bringing its total funding to $25 million.

The company’s investors include Caterpillar, Microsoft and GE Ventures.

Sarcos is developing an exoskeleton which the company describes as a “dexterous robotic system for unstructured environments”.  [Read more…] about Sarcos Robotics raises $25 million in funding from the likes of Microsoft and General Electric

Caterpillar, GE and Microsoft invest in Sarcos Robotics exoskeleton

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sarcos guardian exoskeleton

Sarcos Robotics says its Guardian exoskeleton (pictured) will be capable of lifting hundreds of pounds when it is commercially available

Sarcos Robotics, a developer of dexterous industrial robots for use in unstructured environments, has secured $10.5 million in funding from a group of top-tier strategic investors including Caterpillar Ventures, GE Ventures, and Microsoft.

Additionally, Cottonwood Technology Fund and two other private investment firms, together with the company’s three co-founders, Ben Wolff, Dr Fraser Smith and Dr Marc Olivier, invested in the financing round.

The company says the infusion of capital will be used to expand the Sarcos team and to accelerate the production and deployment of Sarcos’ Guardian line of robots that are significantly reducing the risk of injury and the cost of performing many of the world’s most dangerous and difficult tasks.  [Read more…] about Caterpillar, GE and Microsoft invest in Sarcos Robotics exoskeleton