Tag: softbank
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SoftBank and Symbotic establish new ‘warehouse-as-a-service’ joint venture
SoftBank, the telecommunications group which has wideranging interests in robotics, and Symbotic, a developer of AI-powered automation technology for the supply chain, have established a new joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity. The newly created company is called GreenBox Systems LLC. Concurrently, Symbotic also announced an approximately $7.5…
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Berkshire Grey confirms acquisition interest from SoftBank
Berkshire Grey, a provider of AI-enabled robotic solutions that automate supply chain processes, has confirmed that it has received a non-binding indication of interest from SoftBank Group to acquire all of the outstanding capital stock of the company for $1.30 per share in cash. Given that Berkshire Grey has more than 230 million shares outstanding,…
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SoftBank Robotics and Gausium partner to expand robotic solutions across US market
SoftBank Robotics America (SBRA) and Gausium, an autonomous cleaning and service robots provider, have agreed a partnership to deploy indoor automated robotic solutions to the US market. The partnership will focus on helping companies successfully adopt, integrate, and scale robotic solutions within their organizations. X1 and the Scrubber 50 Pro (S50) are the first two…
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SoftBank Robotics America partners with Autonomous Solutions Inc
SoftBank Robotics America (SBRA), the North American arm of the global leader in collaborative robotics (collaborative robotics), has formed a strategic development and equity partnership with Autonomous Solutions Inc (ASI), a leader in industrial ground vehicle automation. The partnership will expedite the development and deployment of a wide range of autonomous commercial service vehicles. As…
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RightHand Robotics raises $66 million in Series C funding
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…
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Robotic Research raises $228 million in Series A funding round
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,…
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SoftBank to halt production of Pepper and reduce its robotics business, says Reuters
SoftBank, the Japanese telecommunications giant which has in the past few years become a huge force in the robotics market, is set to halt production of Pepper, the humanoid robot, according to a report by Reuters. The news agency cites sources and documents to say that “production of the humanoid Pepper… was stopped last year”,…
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Canon to offer SoftBank’s robotic vacuum cleaner Whiz to offices
Canon Solutions America has formed a new strategic collaboration with SoftBank Robotics America and will provide the Whiz robotic vacuum cleaner to offices as part of the agreement. The alliance initiates a new focus on commercializing robotics and integrated automation as part of Canon Solutions America’s larger Workplace Health Solutions portfolio, starting with Whiz, which…
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SoftBank to acquire 40 percent of AutoStore
SoftBank, the telecommunications giant which has huge investments in the robotics sector, is to acquire a large stake in AutoStore, a robotics and software company that specialises in automated storage and retrieval systems for warehouses. SoftBank has entered into a definitive agreement to acquire 40 percent of AutoStore from funds affiliated with Thomas H. Lee…
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Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData
Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn. The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and…