Robotics & Automation News

Market trends and business perspectives

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Kollmorgen launches new generation of robot-ready frameless servo motors

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Kollmorgen, a specialist in motion control systems, has launched the new TBM2G series of frameless servo motors, introducing features that simplify the design of collaborative, surgical, aerospace and defense and other robots while delivering optimal performance in a lighter, more compact package.

These new motors will complement Kollmorgen’s existing TBM and KBM series of frameless motors.

Resulting from several years of research, testing and customer feedback, the TBM2G series offers high-performance torque in an extremely compact electromagnetics package. [Read more…] about Kollmorgen launches new generation of robot-ready frameless servo motors

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

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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

Panasonic launches new factory automation systems

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Panasonic Factory Solutions Europe has introduced its NPM G Series, an integrated range of Surface Mounted Technology production systems designed to respond in real-time to customer supply and demand changes through continuous, autonomous updates – helping to make the autonomous factory a reality.

The Panasonic NPM G Series offers flexibility and customisable options to address production needs and extend automation in manufacturing.

Many production sites still rely on their employee’s knowledge and manpower – the so called 5M (Human, Machine, Material, Method, Measurement) method. The new Panasonic NPM G Series uses Artificial Intelligence (AI) and automated production to improve the process. [Read more…] about Panasonic launches new factory automation systems

Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

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Pony.ai, a developer of autonomous driving technology, has completed its first close of its Series D financing.

The Series D round, which has a significant valuation uplift from the 2020 C and C+ rounds, is a recognition by investors of Pony.ai’s achieved technical milestones and significant progress toward a commercialized robotaxi and robotruck product.

The proceeds from the funding will be used to further augment Pony.ai’s hiring, investment in research and development, global testing of robotaxi and robotrucking on an ever-growing fleet, enter into important strategic partnerships, and accelerate our development toward mass production and mass commercial deployment. [Read more…] about Autonomous driving systems developer Pony.ai valued at $8.5 billion after latest funding round

Fuzzy Logic makes robotics agile at MBDA

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MBDA is a leading European manufacturer in the aerospace and armaments sector, specializing in the design of missiles and missile systems for the operational needs of the three branches of the military (army, navy and air force).

MBDA France’s Bourges site specializes in the manufacture of tactical missile equipment utilising several key technologies: mechanical manufacturing (metal and composite materials) and electromechanical assembly.

The company wanted to robotise certain processes in small series or even single unit production, by allowing an operator with no programming skills to teach the robotic system, in just a few seconds, the process to be carried out, and then to execute the cycle with complete confidence without human supervision. [Read more…] about Fuzzy Logic makes robotics agile at MBDA

RightHand Robotics raises $66 million in Series C funding

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RightHand Robotics, a startup developing autonomous robotic picking solutions for order fulfillment, has secured $66 million in a Series C financing.

The funding round was led by investors Safar Partners, a technology venture fund; Thomas H. Lee Partners, an investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of the SoftBank Group.

Zebra Technologies, Epson and Global Brain also join this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape. Previous rounds were led by Menlo Ventures and Playground Global. [Read more…] about RightHand Robotics raises $66 million in Series C funding

Exotec raises $335 million in Series D funding for its warehouse robots

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Exotec, a warehouse robotics startup, has raised $335 million in Series D funding, and is now valued at $2 billion.

The Growth Equity business within Goldman Sachs Asset Management led the round with follow-on investments from 83North and Dell Technologies Capital.

Exotec says it will use the funds to continue to launch large-scale deployments in North America, Europe, and Asia for global brands. [Read more…] about Exotec raises $335 million in Series D funding for its warehouse robots

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