Found in Robotics News & Content, with a score of 19.60
March 29, 2022
…material handlings processes,” added Nikam. Vecna also collaborated with Quanergy Systems on the lidar technology used by the CPJ to enable mass-market adoption and democratize access to automation. “The time to democratize automation in material handling is now,” said Enzo Signore, chief marketing officer at Quanergy. “This technology has long been exclusive to early adopters or those in select industries with large budgets for innovation.” “In collaboration with Vecna Robotics, we have a unique opportunity to deliver a true co-bot solution to help companies overcome dire labor shortage issues with technology that can be immediately deployed, virtually out of the…
Found in Robotics News & Content, with a score of 15.62
January 31, 2022
…Aeva Technologies, Arbe Robotics, AEye, Innoviz, Luminar Technologies, Ouster, Quanergy, and Velodyne Lidar. In the race to autonomous vehicles, such deals provide an injection of capital with the expectation of high valuations being validated by automaker demand. The definitive proxy statement and other relevant documents were mailed to Growth Capital’s stockholders of record as of the close of business on or about Jan. 25, 2022. Growth Capital has engaged Advantage Proxy Inc. as its proxy solicitor in connection with the special meeting. Stockholders who need additional copies of proxy materials, need to obtain proxy cards, or have questions regarding the…
Found in Robotics News & Content, with a score of 14.29
January 14, 2022
…than many expected. Other noteworthy shutdowns include lidar provider Quanergy Systems in 2018 and autonomous truck developer Starsky Robotics in 2020. Also in 2020, Uber sold its Advanced Technologies Group (ATG) to Aurora Innovation, and Amazon acquired Zoox after it laid off 120 contractors. Last year, Lyft sold its self-driving division to Toyota, and delivery robot firm Nuro acquired self-driving trucking firm Ike. Waymo, which is owned by Google parent Alphabet, and Cruise, which spun out of General Motors, have pumped billions of dollars into self-driving car research and development. Cruise acquired Voyage in March 2021. Also this week, Magna…
Found in Robotics News & Content, with a score of 55.16
November 16, 2021
Quanergy Systems Inc. today announced the new M1 Edge 2D lidar sensors paired with its QORTEX Aware perception software. The company said M1 Edge is an integrated software and hardware product designed to automatically collect, analyze, and interpret point-cloud data for a wide variety of industrial applications without additional programming. “Lidar has become instrumental in increasing efficiency by solving tough sensing challenges faced by industrial customers, thanks to unmatched reliability and accuracy,” said Tony Rigoni, director of industrial market development and alliances at Quanergy. “It's quick to set up, delivers unmatched performance, and [is] competitively priced.” Founded in 2012, Quanergy…
Found in Robotics News & Content, with a score of 63.25
August 03, 2021
Quanergy Systems Inc. today said that it has successfully demonstrated its S3 Series lidar, a solid-state sensor with 100-meter range. The comany partnered with Zero Electric Vehicles Inc. for the driving demonstration. Sunnyvale, Calif.-based Quanergy claimed that it provides the only 100% solid-state complementary metal-oxide-semiconductor (CMOS) lidars built on optical phased array (OPA) technology to the automotive and Internet of Things (IoT) markets. It said this enables low-cost, highly reliable 3D perception for a variety of industries. Quanergy said it has more than 350 customers worldwide. “Quanergy’s CMOS-based OPA technology has demonstrated significant improvement towards its adoption in long-range automotive…
Found in Robotics News & Content, with a score of 47.57
June 22, 2021
Quanergy Systems Inc., which provides solid-state lidar sensors, and CITIC Capital Acquisition Corp. today announced that they have entered into a definitive merger agreement that will result in Quanergy being listed on the New York Stock Exchange. Sunnyvale, Calif.-based Quanergy said it plans to use the $278 million in funding to continue its growth strategy, including accelerating research and development, providing working capital, paying down all debt, and establishing funds for potential acquisitions. Quanergy supplies optical phased array (OPA) technology focused on the automotive and Internet of Things (IoT) markets. The company has over 350 customers and 40 partnerships worldwide.…
