Robotics & Automation News

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Sole Source Capital raises $555 million for second fund

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Sole Source Capital, an industrial-focused private equity firm, has closed its second fund, SSC Partners II or “Fund II”, with aggregate total commitments of $555 million.

Fund II was significantly oversubscribed with an initial target of $400 million and reached its hard cap. With the closing of Fund II, Sole Source Capital now manages in excess of $1 billion just three years after the launch of Fund I.

Since 2016, Sole Source has completed 24 transactions focusing on driving rapid value creation in lower middle market companies. [Read more…] about Sole Source Capital raises $555 million for second fund

InOrbit to support MassRobotics AMR Interoperability Standard

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InOrbit, a provider of a cloud-based robot operations platform, says its technology is now fully compatible with robots that implement the recently announced MassRobotics AMR Interoperability Standard.

The standard for autonomous mobile robots was developed recently by business accelerator MassRobotics and is helping robotics companies become standard-compliant.

The standard allows autonomous vehicles of different types to share information about their robots speed, location, direction, health, tasking and availability and other performance characteristics. [Read more…] about InOrbit to support MassRobotics AMR Interoperability Standard

Sole Source Capital portfolio company Supply Chain Services acquires ISG Technologies

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Sole Source Capital, an industrial-focused private equity firm, says its portfolio company Supply Chain Services, a provider of automatic identification and data capture and factory automation solutions to customers across North America, has acquired ISG Technologies.

The acquisition of ISG Technologies adds to Supply Chain Service’s product line and expands its geographic reach into Texas.

This is the fourth add-on transaction supported by Sole Source Capital, following the purchases of Dasco Label, Miles Data and Coridian since Supply Chain Services was acquired in May 2020. Terms of the ISG Technologies transaction were not disclosed. [Read more…] about Sole Source Capital portfolio company Supply Chain Services acquires ISG Technologies

The Role of Robotics and Automation in Industry 4.0

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As the global manufacturing industry enters its fourth revolution, innovations such as robotics, automation and artificial intelligence (AI) are set to take over. (1)

The number of active industrial robots worldwide is increasing by approximately 14% year on year, and automation continues to create new types of robots with improved utility and function. [Read more…] about The Role of Robotics and Automation in Industry 4.0

Sole Source Capital acquires Peak-Ryzex and Optical Phusion

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Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions.

The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies – all seeking supply-chain logistical support. [Read more…] about Sole Source Capital acquires Peak-Ryzex and Optical Phusion

The mundane revolution: Unexpected innovations in robotics

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By Rhys Davies, product manager at Canonical, publishers of Ubuntu

Today’s headlines tend to focus on the weird and wonderful robots of this world: the Hollywood Terminators or mechanical dogs developed by Boston Dynamics and other Silicon Valley start-ups.

The greatest innovations, however, can often be found in the more mundane corners of our society, within the industries and environments people least expect.

It’s happened with medicine and the discovery of penicillin, for example, while Archimedes had his eureka moment in the bath. [Read more…] about The mundane revolution: Unexpected innovations in robotics

ArtiMinds boosts its robot programming solutions with Wibu-Systems security

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Wibu-Systems, a security technology company, has supported the integration of its comprehensive CodeMeter licensing and security solution into ArtiMinds industrial robot programming software suite.

CodeMeter allows ArtiMinds Robotics, a German provider of sensor-based automation solutions, to protect their intellectual property while enabling them to monetize their software solutions with easy and flexible entitlement management based on different factors, such as user seats or robot-bound licenses.

ArtiMinds Robot Programming Suite combines online and offline programming with a unique approach to create complex robot programs without manually writing a single line of source code. [Read more…] about ArtiMinds boosts its robot programming solutions with Wibu-Systems security

SICK to showcase indoor localization technology that lets you know where all your machines are at all times

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SICK is unveiling indoor localization technology which lets users know where all their machines are at all times.

The sensor supplier is planning to showcase the system at the Pack Expo Las Vegas later this month.

SICK says it has taken another step toward Industry 4.0 by offering a new, comprehensive indoor localization portfolio. [Read more…] about SICK to showcase indoor localization technology that lets you know where all your machines are at all times

Canonical releases new version of Ubuntu operating system

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Canonical has launched a new version of the Ubuntu computer operating system, which is increasingly popular in industrial devices and networks.

The company says the updated version, Ubuntu 19.04, provides the necessary tools for open infrastructure applications, includes a developer desktop, internet of things functionality, and cloud to edge software distribution.

Mark Shuttleworth, CEO of Canonical, says: “The open-source-first on Ubuntu movement in telco, finance, and media has spread to other sectors.

“From the public cloud to the private data center to the edge appliance or cluster, open source has become the reference for efficiency and innovation.

“Ubuntu 19.04 includes the leading projects to underpin that transition, and the developer tooling to accelerate the applications for those domains.”

Endurance Robots launches open source chatbot platform

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formitchev selfiebot chatbot
George Formitchev, CEO of Endurance Robots, demonstrates the company’s new chatbot platform

Endurance Robots has developed an open source platform to enable developers to build their own chatbots. 

CEO George Formitchev says the system is capable of facilitating the development of something like Jibo, Alexa, or Siri – some of the more well known chatbots on the market.

He adds that the SelfieBot Endurance ChatBot allows you to create your own personal assistant to “answer your emails and to communicate with you and on your behalf”.

Formitchev says the applications of the system could be “to help you learn a foreign language and to be a key addition in your everyday life”.

Endurance has a wide range of robotic solutions, including lasers for industrial applications, and like its chatbot most of it is open source and instructions on how to get started are on the company’s website.