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SoftBank to acquire 40 percent of AutoStore

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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 Partners and EQT Private Equity, among other shareholders.

THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will each have representatives on AutoStore’s board of directors. [Read more…] about SoftBank to acquire 40 percent of AutoStore

Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

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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 advanced intelligence, says data and analytics company GlobalData.

Venkata Naveen, senior disruptive tech analyst at GlobalData, says: “Hyundai’s move to acquire major stake in Boston Dynamics polarizes with many automakers competing to add their name to the me-too stack of autonomous carmakers by purchasing self-driving tech startups. [Read more…] about Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

Nvidia to acquire Arm for $40 billion

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Nvidia and SoftBank Group have reached a definitive agreement under which Nvidia will acquire Arm Limited from SBG and the SoftBank Vision Fund (together, “SoftBank”) in a transaction valued at $40 billion.

The transaction is expected to be immediately accretive to Nvidia’s non-GAAP gross margin and non-GAAP earnings per share.

The combination brings together Nvidia’s leading AI computing platform with Arm’s vast ecosystem to create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets. [Read more…] about Nvidia to acquire Arm for $40 billion

SoftBank Robotics sells 10,000 units of its commercial vacuum cleaning robot

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SoftBank Robotics says it has sold 10,000 units of its industrial or commercial vacuum cleaning robot, Whiz, making it “the global number-one in autonomous professional cleaning robots by sales”, according to Grand View Research.

SoftBank Robotics says that, as of the end of June 2020, it recorded global cumulative sales of more than 10,000 units of Whiz, which is an AI-enabled vacuum-cleaning robot.

Following SoftBank Robotics’ launch of the humanoid robot Pepper, the company launched Whiz as its second robot in November 2018, and it began providing Whiz commercially from May 2019 in Japan. [Read more…] about SoftBank Robotics sells 10,000 units of its commercial vacuum cleaning robot

SoftBank Robotics launches educational IDE for Pepper robot

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SoftBank Robotics Americas has launched an integrated development environment for its humanoid Pepper robot.

SoftBank calls the IDE “Tethys”, and says it has been created to teach students how to code.

The standalone visual programming software can connect to their humanoid robot, Pepper, to program full functionality of the robot in real time.

SBRA’s first commercially available software tool is the latest milestone in their longstanding education initiative spanning Nao, Pepper, and their partnership with the SoftBank Group. [Read more…] about SoftBank Robotics launches educational IDE for Pepper robot

Simbe Robotics raises $26 million in Series A funding round

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Simbe Robotics, which specializes in robotics and artificial intelligence for retail, has completed two separate funding deals.

One was a Series A equity financing round, and the other was an inventory financing agreement with SoftBank Robotics.

Simbe says the financing will allow the company to increase efficiencies in production and deployment of its Tally robot. [Read more…] about Simbe Robotics raises $26 million in Series A funding round

GM’s autonomous driving business Cruise raises another $1.15 billion

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The autonomous driving business which General Motors acquired three years ago, Cruise, has raised more than $1 billion in its latest funding round, bringing total capital raised to approximately $7 billion.

Cruise says the equity investment of $1.15 billion is from a group comprising institutional investors, including funds and accounts advised by T. Rowe Price Associates, and existing partners GM, SoftBank Vision Fund and Honda.

Dan Ammann, Cruise CEO, says: “Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation.

[Read more…] about GM’s autonomous driving business Cruise raises another $1.15 billion

Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

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Taxi-sharing app maker Uber has been promised $1 billion in investment from companies including Toyota, Denso, and SoftBank Vision Fund.

The new funds will help accelerate the development and commercialization of its ridesharing services, says Uber in a statement.

Under the terms, Toyota and Denso will together invest $667 million and SVF will invest $333 million, valuing the new “Uber Advanced Technologies Group” entity at $7.25 billion on a post-money basis. [Read more…] about Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber

Toyota and SoftBank joint venture starts operations

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Toyota and SoftBank Corp. have completed investment in their joint venture, MONET Technologies Inc., and full-scale operations have begun.

MONET has three main business domains: on-demand mobility services;  data-analysis services; and Autono-MaaS (Mobility as a Service). The joint venture will first roll out on-demand mobility services.

On-demand transportation through regional partnerships and corporate shuttles will begin in fiscal year 2018 through cooperation with local public agencies and private companies.

[Read more…] about Toyota and SoftBank joint venture starts operations

Kyocera to participate in self-driving bus test in Japan involving several other companies

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Kyocera will participate in a self-driving bus test project organized by the Mobility Innovation Consortium, an organization to promote autonomous driving led by East Japan Railway Company.

Other corporations participating in the test project will include Advanced Smart Mobility Company, Aichi Steel Corporation, SoftBank, Nippon Signal Company, and NEC Corporation.

Project tests, which will occur between December 2018 and March 2019, are designated to evaluate self-driving technologies for bus transit applications, including automated lane-maintenance control, speed control, parking assist, and alternating passage tests on JR East’s Bus Rapid Transit lines.  [Read more…] about Kyocera to participate in self-driving bus test in Japan involving several other companies