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A five-step plan towards a successful robotics startup

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At its core, a robotics business budget is a spending plan for your startup that takes into account both your income and the expenses related to its activities.

It helps you understand how big your financial power is, along with how you can keep your business out of debt and minimize any troubles along the way. The most important components of a financial budget are:

– Estimated Revenue
– Profit
– Fixed Expenses
– Flexible Expenses

However, a financial plan alone won’t help you create a profitable startup. The following five tips are designed to complement it and ultimately lead you to a prosperous and profitable journey. [Read more…] about A five-step plan towards a successful robotics startup

A Brand New Startup Has Managed to Raise $50 Million for Vehicle Holograms

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Envisics might be a little-known company, but what it lacks in recognition, it makes up for in funds that are backing a pioneering sector of the car manufacturing industry.

This small startup has raised $50 million from various investors, including General Motors Ventures and Hyundai Mobis, to use technology that it has developed in future vehicles.

The technology in question is called augmented reality, and it says that it can produce visuals that look like they’re right in front of the car. This technology could be used in future vehicles to see pedestrians, as well as stationary vehicles. It will also help self-driving cars point out specific obstacles and hazards so that a human driver can take control again. [Read more…] about A Brand New Startup Has Managed to Raise $50 Million for Vehicle Holograms

Thai agritech startup to use satellite images and AI for farming

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A startup company in Thailand called Ricult is planning to use satellite imagery and artificial intelligence to provide precision agritech services to farmers.

The company recently raised $2 million in new investment, bringing its total funding to $5 million, according to Nikkei. Among its backers are the Bill and Melinda Gates Foundation, and Bangkok Bank.

Ricult – which takes its name from the middle of the agriculture – says it is particularly targeting small-scale farmers with its services. [Read more…] about Thai agritech startup to use satellite images and AI for farming

HRG Robotics holds its first startup competition

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HRG Robotics has held its first startup competition, attracting more than 50 investment and technology companies and organisations.

The company says it wants to provide a platform to support innovation and startups.

HRG says startup competitions help connect companies of “great potential” within HRG system with top venture capitalists. [Read more…] about HRG Robotics holds its first startup competition

Mitsubishi Electric Automation creates startup program through sponsorship of MassRobotics

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Mitsubishi Electric Automation has created a “Startup Engagement Program” through its sponsorship of MassRobotics.

MassRobotics, based in Boston, Massachusetts, is an independent, non-profit organization that aims to assist startups and existing technology organizations by providing them the workspace and resources they need to develop, prototype, test, and commercialize their products and solutions.

Through the Startup Engagement Program, Mitsubishi Electric Automation is looking to develop proof of concepts and potential investment opportunities. [Read more…] about Mitsubishi Electric Automation creates startup program through sponsorship of MassRobotics

Omron launches simulation software for automated factories

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Omron is making available its Sysmac Studio 3D simulation software available to industrial companies. (See video below.)

The company says it will be the first in the industry to provide such a system, which “can integrate and verify the movements of robots and peripheral devices that make up facilities”.

Omron says its “extensive knowledge and technology of control equipment”, including robots, helped in its development of the software. [Read more…] about Omron launches simulation software for automated factories

Fabric raises $110 million in new investment round backed by Kraft Heinz

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On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.

Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.

Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz

Yamaha looking to invest in vertical farming companies

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Yamaha’s agricultural technology investments leader says he is observing the vertical farming market with a view to backing startups in the sector. (See video below.)

In a wide-ranging interview with Robotics and Automation News, Nolan Paul, partner, global agricultural technology lead at Yamaha Motor Ventures & Laboratory Silicon Valley, says he finds vertical farming

“Vertical farming is one of those technologies which has the ability to transform the way food is grown and consumed,” says Paul. [Read more…] about Yamaha looking to invest in vertical farming companies

Formant acquires Formation to add robot remote control to its fleet management solutions

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Formant, a robot fleet management software company, has acquired Formation, a robot teleoperation startup based in Pittsburgh.

Formant will integrate the startup’s solution to enable customers to remotely control their robots through its browser-based, cloud-enabled robot fleet management system.

According to Formant’s CEO, Jeff Linnell, adding teleoperation to Formant’s offerings will create an end-to-end solution that robots-as-a-service companies can leverage to scale their fleets, enabling them to easily manage thousands of robots. [Read more…] about Formant acquires Formation to add robot remote control to its fleet management solutions

Robotic surgery startup claims to be first to enable laser cutting of bone tissue

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A robotic surgery startup in Switzerland claims to have become the first to enable the laser cutting of bone tissue. 

Bones in humans have been cut using saw for “thousands of years”, says Advanced Osteotomy Tools, adding that the company now offers the “technology reinvent bone surgery”.

The instrument AOT has developed is called “Carlo”, short for “cold ablation robot-guided laser osteotomes”. [Read more…] about Robotic surgery startup claims to be first to enable laser cutting of bone tissue