Found in Robotics News & Content, with a score of 13.66
November 13, 2024
…robotics sector,” said Griffin Schroeder, Partner at investment firm Tiger Global. Angel investment made to Vecna by Iagnemma in 2020 While at MIT, Iagnemma met Daniel Theobald, a fellow MIT alumnus and founder of Vecna Robotics. In 2020, Iagnemma made an angel investment in Vecna Robotics, which the company said was based on Vecna’s technology leadership and the potential for robotics to impact the material handling industry. “Automation in logistics today is similar to the current state of robotaxis, in that there is a massive market opportunity but little market penetration,” Iagnemma said. “I join Vecna Robotics at an inflection…
Found in Robotics News & Content, with a score of 13.88
June 21, 2024
…nearly doubles the company valuation from the previous round. Tiger Global Management, Proficio Capital Partners, and IMPULSE participated in the investment round. Vecna said the cash infusion will be used to fund new workflow-specific innovations that can enable it to deliver rapid ROI to cost-conscious warehouse operators served by the $165 billion pallet-moving autonomy market. “Finalizing this capital raise, with the help of our existing investors and a new financing partner is huge validation that we are on the right track,” said Craig Malloy, Vecna Robotics CEO. “With fresh capital secured, we have the balance sheet to help us drive…
Found in Robotics News & Content, with a score of 10.78
October 13, 2023
…to become a major player in the $1 trillion global market for outdoor infrastructure services. Tiger Global and Foundation Capital have provided funding to the company. Mowing with machine learning Electric Sheep said its machine learning models are designed to automate various physical tasks such as mowing and knowledge work like inventory management, customer success, and marketing. The robots can explore, map, navigate, and manipulate the physical world around them, including homeowners associations (HOAs), parks, university campuses, and more, it said. “We started with large machines and then thought about scale for making them inherently safe,” he explained. “If the…
Found in Robotics News & Content, with a score of 13.56
August 21, 2023
…Indxx last week announced the licensing of its Indxx Global Robotics & Artificial Intelligence Thematic Index to Mirae Asset Global Investments. The index is is now the underlying benchmark for the TIGER Global AI & Robotics Indxx ETF (exchange-traded fund; Ticker 464310), which began trading on the Korea Exchange (KRX) on Aug. 17. “Artificial intelligence is poised to define this decade,” stated Rahul Sen Sharma, CEO of Indxx. “We are seeing tremendous adoption of robotics and AI exposure.” “The Global Robotics & Artificial Intelligence Index is one of our most popular indices, with Mirae Asset Global Investments launching the ETF…
Found in Robotics News & Content, with a score of 14.27
May 09, 2023
…raised $30 million in Series A funding led by Tiger Global in February 2022, and it announced its public beta in October 2022. Viam offers easier robot programming Viam is a standard protocol for programming any robot, claimed the company. It said the platform supports development at every step, from prototype to production. It works with any hardware and has a modern architecture, easy developer APIs, and cloud connectivity and tools, according to Viam. The platform also includes enterprise-grade security to give even the leanest teams the power to launch and scale their robotics business, it said. “Viam makes building,…
Found in Robotics News & Content, with a score of 16.24
April 19, 2023
…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 9.09
February 08, 2023
…producing parts, the company said. Rapid Robotics’ investors include Tiger Global, Kleiner Perkins, NEA, Greycroft, Bee Partners, and 468 Capital. Rapid Robotics says RMO to democratize automation Historically, industrial automation be more challenging and time-consuming to deploy than collaborative robots, noted Rapid Robotics. This is especially true outside of mass production environments because of their complexity and the extensive safety measures required, it said. The Rapid Machine Operator (RMO) offers the flexibility of a cobot while meeting all mandatory safety measures with the added payload, speed, and reach of a traditional industrial arm, said Rapid Robotics. The modular approach of…
Found in Robotics News & Content, with a score of 16.00
October 17, 2022
…signed a $23 million deal with Pitney Bowes, a global shipping and mailing company. As part of the deal, AmbiSort systems are being deployed throughout Pitney Bowes facilities across the U.S. The company said it will use the recent funding to help it deploy more systems ahead of the holiday season and throughout 2023. This summer, the company moved to a 33,000 sq. ft. facility to accommodate its growing team. “Consumer shopping behavior is demanding a more modern warehouse. The strains of surging parcel volume shouldn’t rest on the shoulders of the supply chains’ most valued asset – people,” said…
Found in Robotics News & Content, with a score of 13.72
July 14, 2022
…risk for our team.” FORT to invest in engineers Tiger Global led FORT Robotics' Series B round, which included participation from Prologis Ventures, Lemnos, GRIDS Capital, Creative Ventures, Compound, and Funders Club. The investment brings the company's total funding raised to $41.5 million. “Trust in machine communications is vital as the number of autonomous systems deployed in the real world multiplies exponentially,” said Griffin Schroeder, a partner at Tiger Global. “FORT's platform is already being utilized by some of the biggest names in automation, and we are thrilled to be a part of their continued growth.” FORT also announced that…
Found in Robotics News & Content, with a score of 12.95
June 06, 2022
…with a software-as-a-service (SaaS) business model. Its investors include Tiger Global, Kleiner Perkins, NEA, Greycroft, Bee Partners and 468 Capital. Smart Setup addresses work stoppages In addition to easy task-switching, Smart Setup puts an end to work stoppages caused by changes or disruptions to the work environment, said Rapid Robotics. Other robots need to be reset by trained specialists. With Rapid’s Smart Setup, anyone can get an RMO back in action in minutes, noted the company. The Smart Setup process is push-button simple. With one touch in Rapid Robotics’ tablet-based app, the RMO cameras analyze the workspace. With another, it…
Found in Robotics News & Content, with a score of 14.74
April 11, 2022
…sales, and engineering. According to Research and Markets, the global smart hospital market is estimated to be at $27.6 billion in 2021 and is expected to reach $82.89 billion by 2026, compounding at 24.6% annually. “Robotic automation technology will be the key to optimizing efficiency and productivity in health care operations,” said Connie Lee, a partner at Tiger Global. “As a leader in robotic technology, Diligent Robotics has been able to scale to meet demand while developing an impressive product that delivers tremendous value for its customers. We are excited to partner with Diligent Robotics as their positive impact on…
Found in Robotics News & Content, with a score of 24.33
April 07, 2022
…close of a $64 million Series C led by Tiger Global, bringing its total funding to $112 million. Built Robotics' motto is to “build the robots that build the world.” Its ExoSystem product is retrofitted onto excavators to make them autonomous. The company said the system is deployed across the $1 trillion earthmoving industry, building critical infrastructure in energy, telecom, and more. Fast and easy to install The San Francisco-based company said the system can be installed and calibrated on an excavator in less than a day. Contractors can rent Exosystems as standalone units to install on their fleet of…
