Robotics & Automation News

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Renowned futurist Ray Kurzweil reportedly raising $100 million to build humanoid robots

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Beyond Imagination, a humanoid robot startup co-founded by acclaimed inventor and futurist Dr Ray Kurzweil, is reportedly in discussions to secure a significant $100 million investment, according to a report on the Reuters website.

The news agency, citing sources familiar with the matter, indicated that these talks are for a Series B funding round.

While the specific investors have not been publicly disclosed in the initial Reuters report, such a substantial investment would mark a significant step forward for the company operating in the burgeoning field of advanced robotics. [Read more…] about Renowned futurist Ray Kurzweil reportedly raising $100 million to build humanoid robots

Clarapath closes $36 million Series B investment round to ‘transform 150-year old laboratory processes’

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Clarapath, a medical robotics company modernizing and transforming how pathology laboratories process tissue, has raised $36 million in its Series B-1 funding round, which was led by Northwell Ventures.

Additional new strategic investors participated in the financing, including CU Healthcare Innovation Fund, Mayo Clinic, and Ochsner Ventures, bringing the company’s total funding to $75 million.

Eric Feinstein, CEO of Clarapath, says: “Our strategic investors share in our mission to significantly overhaul this critical aspect of patient care that has long been overlooked. [Read more…] about Clarapath closes $36 million Series B investment round to ‘transform 150-year old laboratory processes’

Standard Bots secures $63 million in funding

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Standard Bots has raised $63 million in total funding, with its recent Series B round led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next.

The company has already successfully launched its RO1 robotic arm and is now preparing to bring its new AI-powered robots to market, unlocking use cases and industries untouched by traditional robotics, such as complex assembly, food preparation, or dishwashing.

Standard Bots designs and assembles collaborative robotic arms in the United States to transform industrial sectors such as manufacturing. The company is also developing a transformer-based model that leverages the power of AI to enhance robotic capabilities. [Read more…] about Standard Bots secures $63 million in funding

GrayMatter Robotics raises $45 million in Series B funding

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GrayMatter Robotics, an AI-powered robotics developer that claims to provide systems that offer “instant return on investment”, has raised $45 million in Series B funding.

Wellington Management led the round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

The $2.5 trillion US manufacturing industry is grappling with a growing backlog of unfilled orders due to a severe labor shortage. Many of these roles are hazardous and demand extensive training, leading to a critical gap of 3.8 million unfilled jobs. [Read more…] about GrayMatter Robotics raises $45 million in Series B funding

Collaborative Robotics raises $100 million in Series B funding

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Collaborative Robotics, (or Cobot), a leader in the development of practical collaborative robots (cobots), today announced it has raised $100 million in Series B funding led by General Catalyst and joined by Bison Ventures, Industry Ventures and Lux Capital.

Existing investors Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures and Calibrate Ventures participated as well, bringing the total funding raised to over $140 million in less than two years.

Cobot also announced that industry leader Teresa Carlson has joined the company as an Advisor. [Read more…] about Collaborative Robotics raises $100 million in Series B funding

RIOS Intelligent Machines completes $13 million Series B funding round

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RIOS Intelligent Machines, a provider of AI-powered robotics for the manufacturing industry, has successfully completed a $13 million Series B funding round.

This significant milestone was co-led by Yamaha Motor Corporation and IAG Capital Partners, marking a continued and strengthened partnership in advancing manufacturing and automation technologies.

Since 2020, Yamaha Motor Corporation has been a steadfast investor in RIOS. Their decision to co-lead this round alongside IAG Capital Partners highlights their confidence in RIOS’s technology, team, and growing customer attraction. [Read more…] about RIOS Intelligent Machines completes $13 million Series B funding round

Android maker 1X raises $100 million in Series B investment round

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1X, an AI and robotics company producing androids to “meet the world’s labor demand”, has raised $100 million in Series B funding with participation from EQT Ventures and other notable global investors.

The company intends to utilize the new capital to bring to market its second generation android NEO. Designed as a bipedal humanoid, NEO is tailored for everyday home assistance, offering versatile support for a wide range of domestic tasks in the consumer market.

The funds will also support 1X’s existing enterprise clients in logistics and guarding. With 1X offering an android safe to work among people and a new approach to embodied learning for data collection, the company stands at the forefront of AI robotics. [Read more…] about Android maker 1X raises $100 million in Series B investment round