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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

Investment in agricultural automation increases as farmers look to offset labor shortages

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Total investment in agricultural robot startups has increased significantly as farmers look to offset labor shortages partly caused by the coronavirus pandemic, according to a report on the Financial Times website.

Citing data collated by DealRoom.co, the news website says investment in vertical and indoor farming startups has grown by more than 40 percent this year compared with last year.

Indoor farming is basically the process of growing inside large buildings, some of which are like greenhouses and use natural light coming through transparent roofs, while others use artificial lights if their roofs are opaque. [Read more…] about Investment in agricultural automation increases as farmers look to offset labor shortages

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

Scania teams up with Combient network to tap into ‘huge potential’ of automation and AI

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Scania says its partnership with the Combient Foundry is intended to tap into the “huge potential” of automation and artificial intelligence in the transportation industry.

The Combient network, which Scania is part of, is a cross-Nordic industry collaboration that aims to accelerate transformation in areas like automation, artificial intelligence, analytics and open innovation.

A part of Combient is the Foundry which connects startups with Nordic industry leaders, enabling the co-creation of new services and solutions. [Read more…] about Scania teams up with Combient network to tap into ‘huge potential’ of automation and AI

Sensor giant SICK partners with MassRobotics

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SICK, a leading manufacturer of sensor solutions for industrial applications, is partnering with MassRobotics.

With this partnership, local and global robotics startups and corporations will have better access to innovative sensor and safety solutions from SICK.

MassRobotics is a nonprofit organization located in Boston, Mass. After seeing the massive growth in the robotics and automation industry, MassRobotics was created to provide an innovation hub and startup cluster focused on the needs of the robotics community. [Read more…] about Sensor giant SICK partners with MassRobotics

BMW establishes its ‘Startup Garage’ to gain early access to pioneering innovations

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The BMW Startup Garage – part of the company’s Research, New Technologies and Innovations unit – has been tracking down the most innovative startups in the business for four years now, allowing the BMW Group to tap into their potential quickly and directly.

So far, more than 50 up-and-coming technology companies have completed its startup programme.

The BMW Startup Garage talks with over 1,500 startups from all over the world every year.

[Read more…] about BMW establishes its ‘Startup Garage’ to gain early access to pioneering innovations

Mitsubishi Electric to sponsor MassRobotics in the USA

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Mitsubishi Electric Automation Inc. has announced a sponsorship deal with MassRobotics.

MassRobotics is an independent, non-profit organisation serving as an innovation hub for robotics and connected devices.

Through this sponsorship, Mitsubishi aims to enhance MassRobotics’ prototyping space so startups can accelerate testing and support startup initiatives to develop the next generation of advanced manufacturing solutions that use cutting-edge technology and robots for factory automation customers worldwide.

[Read more…] about Mitsubishi Electric to sponsor MassRobotics in the USA

Denso invests nearly $100 million over four years in startups to advance mobility

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Denso has invested nearly $100 million over a four-year period in startup companies around the world as part of its long-term vision to provide software-based solutions focused on electrification, automated driving, connectivity and shared economy.

From cyber security to semiconductors and sensors, Denso is investing in startup companies working on key technologies that will play a major role in advancing mobility services that are safe, secure and efficient.

“Denso has traditionally been self-sufficient with its R&D efforts,” said said Tony Cannestra, Director of Corporate Ventures at Denso.

[Read more…] about Denso invests nearly $100 million over four years in startups to advance mobility

Volvo Financial Services launches iLabX innovation lab for technology entrepreneurs

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Volvo Financial Services (VFS) has launched ‘iLabX’, an accelerator program that will provide entrepreneurial companies from around the world in fintech and other fields with the opportunity to collaborate with VFS to develop and implement new innovative solutions and technologies.

iLabX will be run in collaboration with L Marks, a corporate innovation specialist. The program accepts entries in four categories:

[Read more…] about Volvo Financial Services launches iLabX innovation lab for technology entrepreneurs

Toyota looking to give $2 million to robotics startups

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Silicon Valley-based venture capital firm Toyota AI Ventures is participating in a series of events across the United States to meet promising entrepreneurs that are looking for funding.

As part of the “call for innovation” initiative that it unveiled this summer in partnership with the robotics group at the Toyota Research Institute (TRI), the Toyota AI Ventures team will go on the road beginning this week to take part in several startup events.

The series kicked off at RoboBusiness 2018 in Silicon Valley where the firm’s managing director Jim Adler gave a presentation on the main stage on 26 September.

[Read more…] about Toyota looking to give $2 million to robotics startups

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