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Digital manufacturing startup Bright Machines raises $132 million in new funding

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Bright Machines, a startup which describes itself as “an innovator in software-defined manufacturing”, has raised $132 million in debt and Series B equity funding.

The equity portion of the funding, worth $100 million, was led by Eclipse Ventures. The debt portion of the funding, worth $32 million, was led by Silicon Valley Bank, and Hercules Capital.

Bright Machines intends to use the funds to accelerate the company’s growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio of products. [Read more…] about Digital manufacturing startup Bright Machines raises $132 million in new funding

Lattice Semiconductor and MassRobotics partner to boost development of ‘next-gen robotics’

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MassRobotics and Lattice Semiconductor have agreed a partnership to a“dvance next-generation robotics application development” in the innovation, startup and global robotics ecosystems.

Because of Lattice Semiconductor’s strategic leadership in the development of low-latency, lower-power, lower-size devices, this partnership targets to serve as a transformative catalyst to the startup and academic robotics ecosystems.

Based in the Boston area, MassRobotics is the first and largest independent nonprofit robotics startup escalator in the world whose mission is to grow and support robotics innovators and entrepreneurs. [Read more…] about Lattice Semiconductor and MassRobotics partner to boost development of ‘next-gen robotics’

MassRobotics, Festo, Mitsubishi, MITRE and Novanta join efforts to support healthcare robotics startups

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MassRobotics, Festo, Mitsubishi Electric Automation, MITRE and Novanta are calling on startups in the healthcare robotics space to apply to the second Healthcare Robotics Startup Catalyst program.

The objective of the program is to advance healthcare robotics companies by providing the connections, guidance, and resources they need to grow and succeed.

The selected startups will be guided by senior-level mentors from organizing companies and supported to connect with potential customers, investors, suppliers, marketing and more. [Read more…] about MassRobotics, Festo, Mitsubishi, MITRE and Novanta join efforts to support healthcare robotics startups

The Ambitious Entrepreneur: How to Elevate Your Startup

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New company owners are at the precipice of something great – or something that could potentially cause them grief for months, if not years to come. It’s not the kind that offers a comfortable in-between, which is why startup management is typically associated with stress and anxiety.

While that all sounds pretty gloomy, remember that failure is one of the stepping stones to success, and that rings true with startup management. The good news is you have plenty of examples from other successful businesses to help you succeed.

Here’s how ambitious entrepreneurs can elevate their startups. [Read more…] about The Ambitious Entrepreneur: How to Elevate Your Startup

Bosch makes $250 million available for startups

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Despite the challenging business environment, the Bosch Group is raising its venture-capital funding for the current business year: its subsidiary Robert Bosch Venture Capital (RBVC) is setting up a new fund for startups; the fund has a volume of 250 million euros (approximately $250 million).

As a provider of venture capital, Bosch supports startups around the world whose technologies have the potential to improve quality of life and conserve natural resources.

“Our investments in startups promote technological progress in business and society,” says Dr Stefan Hartung, chairman of the board of management of Robert Bosch. “And we ourselves also benefit from this collaboration, since solutions to ever more complex tasks can frequently be found faster, more efficiently, and better in partnership with others.” [Read more…] about Bosch makes $250 million available for startups

Shortcut Robotics’ telepresence robot enters beta testing phase

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Shortcut Robotics, a Los Angeles-based startup, has begun beta testing its first telepresence robot.

The beta tests will be conducted in two phases in order to make updates in between each phase.

The robot operates as a driveable video call, giving users the ability to maneuver around a remote environment and interact naturally with the people there. [Read more…] about Shortcut Robotics’ telepresence robot enters beta testing phase

Autonomous vehicle simulation startup MorAI raises $20 million funding

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MorAI, a developer of autonomous vehicle simulation technology, has secured a $20 million Series B funding round.

The round includes investment from new investors Korea Investment Partners, KB Investment, and the state-run Korea Development Bank, as well as from existing investors Naver’s D2 Startup Factory, Hyundai Motor Group’s Zero1ne, Kakao Ventures, and Atinum Investment, bringing MorAI’s total funding to date to $25 million.

MorAI was co-founded in 2018 by three autonomous driving researchers from the Korea Advanced Institute of Science and Technology. Ever since, the company has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. [Read more…] about Autonomous vehicle simulation startup MorAI raises $20 million funding

Auto systems giant Magna acquires autonomous shuttle startup Optimus Ride

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Magna, one of the world’s largest producers of automotive components and systems, has acquired autonomous shuttle startup Optimus Ride for an undisclosed amount.

Magna says the agreement has resulted in the company adding more than 120 employees of Optimus Ride to its books.

Optimus Ride is a provider of autonomous vehicle and mobility solutions located in Boston. [Read more…] about Auto systems giant Magna acquires autonomous shuttle startup Optimus Ride

Latest Car Technologies Which Are Expected to Reshape the Automobile Industry in Days to Come

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There was a time when the viability of a car was determined by what was present under the hood.  [Read more…] about Latest Car Technologies Which Are Expected to Reshape the Automobile Industry in Days to Come

MassRobotics launches new robotics startup accelerator program in partnership with Amazon

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Boston-based business advice and support provider MassRobotics has launched a new robotics startup accelerator program in partnership with Amazon.

MassRobotics says the new Amazon Web Services Robotics Startup Accelerator will “address the biggest challenges in the automation, robotics, and industrial internet-of-things industries”.

MassRobotics is helping to create and scale the next generation of successful robotics and connected devices companies by providing entrepreneurs and innovative robotics startups with the workspace and resources they need to develop, prototype, test, and commercialize their products and solutions. [Read more…] about MassRobotics launches new robotics startup accelerator program in partnership with Amazon