Robotics & Automation News

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Simbe Robotics raises $28 million in Series B funding

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Simbe Robotics, the company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has closed a Series B equity financing round of $28 million, led by Eclipse.

As one of the premier venture firms specializing in the digital transformation of essential physical industries that impact daily life, Eclipse brings invaluable knowledge and expertise that will propel Simbe through its next phase of growth.

Their investment marks a vote of confidence in emerging retail and grocery technologies, and will enable Simbe to meet rising global customer demand, enter future product areas, expand its team, and continue delivering value to new and existing partners by optimizing both in-store and e-commerce operations. [Read more…] about Simbe Robotics raises $28 million in Series B funding

Autonomous electric truck startup Fernride raises $31 million in Series A funding

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Fernride, a German autonomous, electric trucking company, has secured $31 million in Series A funding to accelerate the transition towards automated and sustainable logistics by creating the world’s leading human-machine collaboration technology.

Fernride’s unique approach has already convinced leading industry players such as Volkswagen, DB Schenker, BSH, and HHLA. The company has integrated automated trucks into the productive operations of these enterprises over the past 12 months.

The latest funding will be used to scale Fernride’s operations with existing and new customers globally and boost the technological development of their unique approach to human-assisted autonomy. [Read more…] about Autonomous electric truck startup Fernride raises $31 million in Series A funding

Deep Robotics unveils new four-legged robot

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Deep Robotics, a developer of quadrupedal robots for industrial applications, has launched the newest version of its dexterous intelligent robot dog, Lite3.

The company says the new four-legged robot “combines advanced mobility and open modular structure” to serve education, research, and innovative entertainment purposes.

The new Lite3 series offers four product models: a basic model designed for technology enthusiasts; and three more advanced versions designed for scientific study purposes. [Read more…] about Deep Robotics unveils new four-legged robot

Techman launches new collaborative robot with ‘longest reach’

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Techman Robot has launched a new robot, giving the first opportunity to see the TM AI Cobot TM25S at the Automate Show.

The company says its “revolutionary” 25 kg payload collaborative robot joins TM Robot’s already impressive lineup and the TM AI Cobot S Series.

These innovative cobots set new benchmarks in the industry with their remarkable features and capabilities – the TM25S will be showcased for the first time at Automate 2023 in Detroit, Michigan, USA, from May 22–25, 2023. [Read more…] about Techman launches new collaborative robot with ‘longest reach’

Drives for speed in intralogistics: Faulhaber explains the importance of drive systems in warehouse robots

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Competitive intralogistics requires extensive automation, something that is inconceivable without micromotors. Drive systems from Faulhaber are used for their ability to perform during sorting, transporting and with robotics solutions.

Suitable transport structures in intralogistics are a prerequisite in all industries in order to be able to withstand competitive pressure in the future.

An increasing number of work steps involved in storing items in warehouses as well as retrieving these items and preparing them for dispatch are being taken over by automatic storage and retrieval machines, driverless transport systems and intelligent logistics robots. [Read more…] about Drives for speed in intralogistics: Faulhaber explains the importance of drive systems in warehouse robots

Noah Medical raises $150 million to scale robotics surgery solutions

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Medical robotics innovator Noah Medical has raised $150 million in Series B funding.

With participation from a number of well-known institutional and strategic investors, Noah Medical says it will use the funds to meet rising demand for the Galaxy System, its next-generation, integrated solution for navigated robotic bronchoscopy.

Co-led by the Softbank Vision Fund and Prosperity7 Ventures, the oversubscribed round also included investments from Tiger Global, Hillhouse, Sequoia China, Shangbay Capital, Uphonest Capital, Sunmed Capital, Lyfe Capital, 1955 Capital, and AME cloud ventures, as well as undisclosed strategic and existing investors. [Read more…] about Noah Medical raises $150 million to scale robotics surgery solutions

Covariant raises $75 million in Series C funding

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Covariant, an AI robotics company, has raised an additional $75 million in Series C funds, bringing its total funding to $222 million.

Returning investors Radical Ventures and Index Ventures co-led the round, which also saw additional funding from returning investors Canada Pension Plan Investment Board and Amplify Partners.

The round also welcomed new investors Gates Frontier Holdings, AIX Ventures, and Northgate Capital. [Read more…] about Covariant raises $75 million in Series C funding

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

Celera Motion unveils ‘world’s smallest’ servo drives

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Celera Motion, a business unit of Novanta, has launched what it says are “the world’s smallest servo drives”.

Named the Denali Series, the new compact, ultra-fast servo drives are perfect for a variety of service robots, surgical robots, industrial grippers and lab automation applications.

Denali is the latest addition to Celera Motion’s line of premium-performance Ingenia servo drives. [Read more…] about Celera Motion unveils ‘world’s smallest’ servo drives

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