Robotics & Automation News

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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

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

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

Ambi Robotics raises $26 million in Series A funding led by Tiger Global

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Ambi Robotics, a developer of AI for highly-dexterous robotics, has closed a $26 million Series A funding round. The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund.

The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth.

The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations. [Read more…] about Ambi Robotics raises $26 million in Series A funding led by Tiger Global

Gatik raises $85 million in Series B funding for its autonomous delivery trucks

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Gatik has raised investment of $85 million in Series B funding to “significantly expand North America’s first autonomous middle mile logistics network”.

The company says the round was “heavily oversubscribed” and brings the total amount raised by Gatik to $114.5 million.

The round was led by new investor Koch Disruptive Technologies (KDT), renowned for supporting high-growth companies that disrupt current market alternatives with demonstrated technology. [Read more…] about Gatik raises $85 million in Series B funding for its autonomous delivery trucks

Innodisk releases industrial-grade solid-state disks with ‘world’s highest capacity’

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Innodisk, a provider of industrial flash and memory solutions, has released its industrial-grade 112-Layer 3D TLC SSDs along with “the world’s highest capacity up to 8TB”.

The 112-layer SSDs introduces a complete product line including the SATA 3TG6-P and 3TE7 series, as well as the PCIe Gen3x4 and Gen4x4 series.

The new TLC SSD Series marks Innodisk’s continued development with 3D NAND design, bringing better efficiency, faster performance, and increased capacity. [Read more…] about Innodisk releases industrial-grade solid-state disks with ‘world’s highest capacity’

Quest Industrial launches new version of its Box Bot

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Quest Industrial has launched a new version of its palletizing robot, Box Bot.

The company says it is bringing robotic palletizing to more customers and markets with the launch of its new standardized Box Bot, the QB300 series, which is debuting at the ongoing Pack Expo.

The Box Box, a space-saving robotic palletizer with a small footprint, starting at just 8’x10’, allows an operator to design and produce exact pallet patterns quickly and easily from bags to boxes and other product types. [Read more…] about Quest Industrial launches new version of its Box Bot

Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round

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Gideon Brothers, a robotics and AI solutions company, has received a new investment from Deutsche Bahn Digital Ventures, the venture capital arm of Deutsche Bahn Group, as part of the recent Series A financing round led by Koch Disruptive Technologies valued at $32 million.

The Series A investment will accelerate the development and commercialization of Gideon Brothers’ AI and 3D vision-based autonomous mobile robots that automate horizontal and vertical material handling operations.

The company is also expanding its manufacturing, sales, customer success, and marketing operations across key markets of the EU and United States, by opening offices in Munich, Germany and Boston, Massachusetts. [Read more…] about Deutsche Bahn invests in Gideon Brothers 
in $32 million financing round