Found in Robotics News & Content, with a score of 28.99
July 13, 2023
…and customers Eclipse leads Series B Palo Alto, Calif.-based Eclipse Ventures led Simbe's Series B round. The venture capital firm has more than $4 billion in assets under management and 70-plus portfolio companies. Eclipse said it has “a team of investors with deep operating expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products.” The firm said its leadership team knows how “to create and scale complex operations and make physical industries more efficient, resilient, and profitable.” “As today’s retailers grapple with inaccurate shelf data and antiquated inventory management processes, Simbe is completely revolutionizing the industry through AI and…
Found in Robotics News & Content, with a score of 37.55
November 01, 2022
…a BloombergNEF Partner and World Economic Forum Technology Pioneer Eclipse Ventures leads funding Eclipse Ventures led the equity portion of the funding, worth $100 million. Silicon Valley Bank (SVB) and Hercules Capital Inc. led the debt portion of the funding, worth $32 million. This round of investment brings the total raised by Bright Machines to $330 million. “By offering an intelligent automation platform that is fast, flexible, and cost-effective enough to scale with their customers’ businesses, Bright Machines is uniquely positioned to address a critical gap that has persisted in manufacturing for several decades,” said Greg Reichow, a partner at…
Found in Robotics News & Content, with a score of 29.00
October 18, 2022
…support from existing investors including New Enterprise Associates (NEA), Eclipse Ventures, and EPIQ Capital Group. New investors included FM Capital, OVN Capital, TELUS Ventures, TWM Venture Co., Buckley Ventures, and Schox Venture Capital. To date, the company has raised over $200 million in funding. “We have an amazing group of investors behind us and are honored to see the many customers who are using Swift technology at such incredible scale as they build the future of transportation and automation,” remarked Timothy Harris, CEO of Swift. “Thank you to our loyal partners and investors at NEA, Eclipse, and EPIQ, and we…
Found in Robotics News & Content, with a score of 25.10
July 05, 2022
…manufacturing sector.” Funders seek scalability, innovation VulcanForms’ investors include Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, and the Simkins Family. “There is a fundamental shift in the ways manufacturers need to adapt to global supply chain challenges and the increasing demands for product design flexibility,” said Greg Reichow, partner at Eclipse Ventures and director of VulcanForms. “VulcanForms’ full-stack approach to deliver an engineered solution—combining advanced additive and subtractive technologies merged through a digital thread—will revitalize U.S. manufacturing and hardware innovation.” “The technologies that enable this agile workflow will…
Found in Robotics News & Content, with a score of 15.77
June 24, 2022
…Group Bilal Zubari, partner, Lux Capital Lior Susan, partner, Eclipse Ventures Lidiya Dervisheva, partner, Next47 Michael Feinstein, principal business development manager, AWS Lars Pappe, vice president and head of the Center of Excellence for automation of operations, DP DHL Vijay Somandepalli, chief technology officer and CEO, American Robotics Ben Linville-Engler, director, Massachusetts eHealth AWS Robotics Startup Accelerator requirements, benefits The application period for the second AWS Robotics Startup Accelerator is open from June 23 through Aug. 1, 2022. MassRobotics will provide expertise in venture capital and startup acceleration to help drive a select cohort of robotics startups through an intensive,…
Found in Robotics News & Content, with a score of 34.30
January 18, 2022
…it has reached “unicorn” status, or $1 billion valuation. Eclipse Ventures led Wayve's Series B round, with participation from new investors including D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures LLC, and Linse Capital. Microsoft and Virgin provided additional support, as did early-stage investors Compound and Balderton Capital. They joined strategic investor and online grocer Ocado Group and angel investors including AI and industry leaders such as Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel, and Yann LeCun. “As the industry struggles to solve self-driving with traditional robotics, it is becoming increasingly clear that AV2.0 is the…
Found in Robotics News & Content, with a score of 24.35
October 15, 2021
…C round. It joined past investors Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures, and Pathbreaker Ventures to bring total fundraising over $133 million. “We believe Reliable Robotics is a leader in aircraft automation for commercial aviation,” said Jaimin Rangwalla, a senior managing director at Coatue. “We were impressed by the team's clear vision, measured certification progress and track record of industry achievement. We are proud and excited to support Reliable’s goal to be the first to deliver FAA-certified, remotely piloted systems to market.” Coatue has more than $45 billion in assets under management. Some of its private investments have included…
Found in Robotics News & Content, with a score of 21.46
October 07, 2021
…than $58 million to date and is backed by Eclipse Ventures; Balderton Capital; and prominent technology leaders such as Sir Richard Branson, Rosemary Leith, and Yann LeCun. The company is testing across the U.K. and said it wants to be the first one to deploy autonomous vehicles in 100 cities. In addition, Wayve said its deep learning and camera-first technology can adapt to new, unstructured, highly complex environments, without the need for pre-programming, human-designed rules, or high-definition mapping. Last month, Wayve announced a similar van trial with Asda. Ocado to outfit vans for urban delivery trials Ocado was forced to…
Found in Robotics News & Content, with a score of 32.62
August 06, 2021
…to Norwest Venture Partners, prior investors Innovation Endeavors and Eclipse Ventures participated in Third Wave's pre-emptive Series B round, along with Toyota Ventures. Third Wave has received $59 million in venture capital. “Third Wave's machine learning-first approach to industrial automation has enabled them to develop a solution that has previously been unavailable to the global supply chain,” said Seth Winterroth, who led Third Wave's seed funding for Eclipse. “Since our initial investment in 2018, the team has executed tirelessly to build a product that arms their customers with the operational efficiency and resiliency needed in today's heavily burdened supply chains.”…
Found in Robotics News & Content, with a score of 51.73
October 17, 2016
…iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank. Clearpath will use the funding to grow the company’s industrial division, OTTO Motors. Clearpath launched OTTO Motors in 2015 to focus on self-driving vehicles for material transport inside manufacturing and warehouse operations. “Factories operate like small indoor cities, complete with roads, traffic, intersections and pedestrians,” said Matt Rendall, CEO and co-founder of Clearpath. “Unlike city streets, a factory floor is a controlled environment, which makes it an ideal place to introduce self-driving vehicles at scale. Companies like Google, Tesla and Uber are still…
