Found in Robotics News & Content, with a score of 57.94
December 28, 2023
SoftBank Robotics America recently announced a strategic partnership with Formant, a leading robot management system. The partnership will drive deeper integration across the portfolio of solutions SoftBank Robotics offers to help businesses transform the way they get work done. SoftBank chose Formant as a strategic technology partner to help lay the foundation for integrating advanced business intelligence, additional software services and artificial intelligence, the company announced. The partnership aims to help its customers maximize their investments in robotics and work transformation. The company's continued investment in building and integrating new hardware and software technology solutions demonstrates SoftBank's commitment to enabling…
Found in Robotics News & Content, with a score of 10.55
October 17, 2023
…of Aldebaran, to distribute the NAO and Pepper humanoids. SoftBank Group previously owned Aldebaran. RobotLAB said it has deployed nearly 7,000 NAO educational robots and 600 Pepper service robots since 2009. The company has integrated NAO into K-12 schools and universities across the U.S. It is also deploying more than 150 STEM (science, technology, engineering, and mathematics) carts, which include NAO robots, to every public school in American Samoa. The company also developed the exclusive NAO AI-Edition, which uses chatbots and other tools to make AI accessible through robots. RobotLAB also signed its second franchise deal in North Carolina with…
Found in Robotics News & Content, with a score of 4.83
October 14, 2023
…robots. Sybmotic recently announced that it is partnering with SoftBank Group on a joint venture called GreenBox to build out a network of automated, multi-tenant distribution centers (DCs). This introduced the concept of “warehouse as a service,” which is more than RaaS in that GreenBox would manage and run these automated DCs for multiple clients as a service. While many vendors see growing momentum for RaaS, traditional capital purchase has by no means gone away. “RaaS is definitely emerging, but the majority [of new customer wins] have continued to be capex deals,” said Noah Maynard, vice president of solutions architects…
Found in Robotics News & Content, with a score of 8.88
September 14, 2023
…May 2022 FRED Automation Barcoding Jan. 2023 Berkshire Grey SoftBank Group March 2023 6 River Systems Ocado Group May 2023 Magazino Jungheinrich Aug. 2023 In March, Fast Company named OTTO Motors as one of the Most Innovative Companies for 2023. In May, Mitsubishi Electric Corp. invested an unspecified amount in Clearpath. Partners build advanced materials handling portfolio The companies said the combination of Rockwell’s partnerships in fixed robotic arms, systems such as Independent Cart Technology, and leadership in PLCs with OTTO Motors’ AMR capabilities will create a portfolio of advanced material handling offerings. Data from Rockwell’s offerings and OTTO Motors’…
Found in Robotics News & Content, with a score of 30.43
September 08, 2023
…well as the commitment from our long-term partner in SoftBank, we are confident we will revolutionize the trucking and freight industries by driving improvements in efficiency and safety and alleviating supply chain constraints for our customers, helping them reach their goals and advance their missions.” In addition to Salesky, Peter Rander, president of Stack AV, and Brett Browning, chief technology officer of Stack AV, have a total of more than seven decades of experience in artificial intelligence, robotics, and autononous vehicle development. Salesky and Rander were co-founders of autonomous trucking company Argo AI LLC, which partners Ford Motor Co. and…
Found in Robotics News & Content, with a score of 11.46
August 08, 2023
…by Google X (now part of Alphabet Inc.) and SoftBank Robotics. Already well-known for videos of its Atlas humanoid robots, Boston Dynamics has focused on commercial applications of its robots since the Hyundai acquisition. The Spot quadruped has been used for security and infrastructure inspection, and the company has developed the Stretch mobile manipulator to unload truck trailers and shipping containers. In 2021, Hyundai deployed Spot robots for safety inspections at a factory in Gwangmyeong, South Korea. DHL Supply Chain deployed Stretch in February 2023. In June, Boston Dynamics announced new capabilities for Spot and a partnership with artificial intelligence…
Found in Robotics News & Content, with a score of 28.47
July 25, 2023
SoftBank Group Corp. and Symbotic Inc. yesterday announced that they have established GreenBox Systems LLC, a joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity. Symbotic also announced a customer contract worth about $7.5 billion with GreenBox, which will be the exclusive provider of its systems and supply chain services to that market. “We are pleased to partner with SoftBank in this venture that accelerates our shared vision to transform the supply chain,” said Rick Cohen, chairman and CEO of Symbotic, in a press release. “GreenBox enables Symbotic to bring the benefits of our technology to…
Found in Robotics News & Content, with a score of 34.20
July 07, 2023
…TX has also secured funding from new investors including SoftBank Group Corp, or SBG, to promote their business collaboration globally, with a focus on accelerating commercialization in North America. TX has also entered into a strategic business partnership agreement with SoftBank Robotic Group Corp. (“SBRG”), a subsidiary of SBG, to promote their business collaboration globally, with a focus on accelerating commercialization in North America. Additionally, TX will initiate its collaboration with Foxconn to establish production technology, carrying out mass production for its next-generation model, “GHOST.” With this funding, Kenichi “Kent” Yoshida (SBRG) and Ryohei Nomoto (GCP) will be newly appointed…
Found in Robotics News & Content, with a score of 14.42
April 19, 2023
…and that it has initiated first-in-human trials at Macquarie University Hospital in Sydney, Australia. The funding was led by Softbank Vision Fund, and co-led by Prosperity7 Ventures, the oversubscribed round also included investments from Tiger Global, and existing investors including Hillhouse, Sequoia China, Shangbay Capital, Uphonest Capital, Sunmed Capital, Lyfe Capital, 1955 Capital, AME cloud ventures, as well as undisclosed strategic investors.
Found in Robotics News & Content, with a score of 9.90
April 15, 2023
…advantage of a mix of automated and manual procedures. SoftBank's humanoid robots Pepper and NAO attracted and served consumers in commercial facilities with voice communication technology. Many educational institutions also embraced them as teaching tools. SoftBank sold those service robots to United Robotics Group last year. Servi and Keenbot are delivery and transportation robots that assist the food and beverage industry by cutting labor costs or improving service quality. Whiz I, Scrubber 50, and RS26 are used in autonomous cleaning applications and to overcome labor shortages. Samsung Electronics recently invested 59 billion won ($45.2 million) in Rainbow Robotics, a regional…
Found in Robotics News & Content, with a score of 8.08
April 07, 2023
…the economy. The most visible and public example is SoftBank’s announcement that it will take Berkshire Grey private, paying $1.40 a share for the shares it does not already own. Remember that BG went public at $10 a share. I’ve had more than one venture capital firm tell me privately that it's no longer investing in robotics hardware companies. More than one robotics company told me that 2023 is the year their VCs expect them to become cash-flow positive. All in all, 2023 remains one of the most exciting times in our industry, and remember that we’re only a year…
Found in Robotics News & Content, with a score of 39.97
March 29, 2023
…it has entered into a definitive merger agreement with SoftBank Group Corp. and its affiliate. SoftBank has been an investor in Berkshire Grey since 2019. “After a thoughtful review of value-creation opportunities available to Berkshire Grey, we are pleased to have reached this agreement with SoftBank, which we believe offers significant value to our stockholders,” said Tom Wagner, CEO of Berkshire Grey. “SoftBank is a great partner, and this merger will strengthen our ability to serve customers with our disruptive AI robotics technology as they seek to become more efficient in their operations and maintain a competitive edge.” Bedford, Mass.-based…
