Found in Robotics News & Content, with a score of 66.56
March 18, 2022
Toyota Ventures yesterday launched its third global “call for innovation” to search for early-stage companies that can help make the “factory of the future” a reality sooner. Qualified entrepreneurs can apply for an opportunity to receive between $500,000 and $2 million in funding from Toyota Ventures. “We take a founder-first approach to investing, partnering with entrepreneurs to help them bring disruptive technologies and business models to market more quickly,” said Jim Adler, founding managing director of Toyota Ventures. “With the 2022 call for innovation, we are looking to support talented startup teams that are developing smarter and more sustainable factories…
Found in Robotics News & Content, with a score of 66.56
June 04, 2021
Toyota Motor Corp.'s first standalone, early-stage venture capital firm, Toyota AI Ventures, yesterday said it will change its name to Toyota Ventures and grow its total assets under management to more than $500 million. The addition of two $150 million early-stage funds—the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund—reflect its commitment to partnering with entrepreneurs and innovators, as well as its support of environmental sustainability, said the company. “Startups are tackling the world's challenges, and at Toyota Ventures we want to open even more paths to investing in them,” stated Jim Adler, founding managing director of Toyota…
Found in Robotics News & Content, with a score of 56.59
August 07, 2023
…in Asia. Last week, Pony.ai Inc. held a joint venture signing ceremony today with Toyota Motor (China) Investment Co. and GAC Toyota Motor Co. The three parties said they will work together toward mass production and large-scale deployment of fully self-driving robotaxis. Founded in 2016, Pony.ai said its goal is “to bring safe, sustainable, and accessible mobility to the entire world.” The Fremont, Calif.-based company, which raised Series D funding last year, has been rapidly extending its autonomous vehicle technologies at multiple sites. Pony.ai said its systems have driven more than 24 million km (14.9 million mi.) in autonomous testing…
Found in Robotics News & Content, with a score of 44.00
July 13, 2022
…said it plans to continue deployment programs using the Toyota Sienna Autono-MaaS platform, named for autonomous mobility as a service. May Mobility also plans to begin development of the Toyota e-Palette vehicle. “With the close of this latest investment round, May Mobility will continue to accelerate growth in our technology, business development, and platforms, all with a global reach,” said Edwin Olson, CEO of May Mobility. “Our additional investors, as well as our continued strategic collaboration with Toyota and others, will enable us to march toward driver-out commercial operations in 2023 and enable our expansion into new markets as we…
Found in Robotics News & Content, with a score of 41.62
August 06, 2021
…$40 million in Series B funding led by Norwest Venture Partners. The Union City, Calif.-based “shared autonomy” startup said it plans to use the investment to accelerate growth and commercialization efforts. “I've been tracking Arshan [Poursohi, CEO] and the team at Third Wave for some time and have been consistently impressed,” said Matt Howard, general partner at Norwest Venture Partners, who will join Third Wave's board of directors. “When I last visited the Third Wave facility and saw its forklifts easily completing picks and places, my jaw dropped, and I knew Norwest needed to be a part of this journey.…
Found in Robotics News & Content, with a score of 38.76
January 21, 2022
…Agtonomy Funding the future of local farming Strategic and venture investors Toyota Ventures, Flybridge, Hampton VC (founded by Sam Parr and Joe Speiser), E²JDJ, and Momenta contributed to Agtonomy's Seed II round. Existing investors GV (formerly Google Ventures) and Grit Ventures also participated in the new round. “Our commitment to sustainability and the future of autonomy, battery and EV technology makes Agtonomy a perfectly aligned investment for our growing portfolio,” stated Jim Adler, the founding managing director of Toyota Ventures. “We see huge potential in agtech and are making investments accordingly—fully autonomous vehicles will become a reality on farms, where…
Found in Robotics News & Content, with a score of 35.55
May 06, 2022
…2, the latest version of the open-source Robot Operating System. Daimler Truck has joined previously announced strategic investors, including Toyota Ventures, Volvo Group Venture Capital, Jaguar Land Rover’s InMotion Ventures, Airbus Ventures, Continental AG, ZF, AGCO, and HELLA Ventures. Robotics 24/7 has tracked more than $2.6 billion in autonomous vehicle transactions to date in 2022. The global market for self-driving trucks alone could surpass $2.5 billion by 2028, according to Global Market Insights Inc.
Found in Robotics News & Content, with a score of 34.27
May 19, 2021
Third Wave Automation Inc. and Toyota Industries Corp. today announced a strategic partnership to produce the next generation of intelligent, fully autonomous material handling vehicles. The global materials handling equipment market will expand from $211.8 billion (U.S.) in 2019 to $320.9 billion by 2027, at a compound annual growth rate of 5.4%, predicted Fortune Business Insights. It cited the rapid growth of e-commerce, with consumer spending at nearly $3.5 trillion in 2019 and a year-over-year growth rate of 17.9%. Businesses are turning to automation to meet this demand while keeping production and logistics costs down. “Our strategic development efforts with…
Found in Robotics News & Content, with a score of 34.03
September 18, 2023
…Playground Global led Boxbot's Series A investment. Maersk Growth, Toyota Ventures, Pear Ventures, and Artiman Ventures also participated in the round. Richard Peretz, former chief financial officer of UPS and a venture partner at Playground Global, will join the company’s board of directors. “Boxbot is modernizing conveyor belts for smarter dispatch,” he said. “I’ve seen firsthand that there is a massive opportunity to shift manual processes to machine-enabled smart and efficient solutions leveraging software and hardware. Boxbot’s one-stop solution is a versatile and integrated system that works across a variety of areas in the supply chain.” Founded in 2015, Playground…
Found in Robotics News & Content, with a score of 32.66
August 29, 2023
…more U.S. government and aging agency partnerships this year.” Toyota, others continue to invest in Intuition Robotics Intuition Robotics' latest financing includes $20 million in venture capital and $5 million in venture debt. Woven Capital, the growth fund of Toyota, led the funding, with participation from Toyota Ventures, OurCrowd, Western Technology Investment, and additional investors. Past investors also include Samsung NEXT, iRobot, and Terra Ventures. “Intuition Robotics is advancing the future of mobility for aging populations by offering human connection and access to goods and services that they couldn’t obtain otherwise,” said Nicole LeBlanc, a partner at Woven Capital who…
Found in Robotics News & Content, with a score of 32.28
September 29, 2021
…to do increasingly complex work outdoors,” the company said. Toyota co-leads farming tech funding S2G Ventures and Toyota Ventures led Burro's Series A round. It is Toyota Ventures' first investment in agricultural robotics. F-Prime Capital and the Cibus Enterprise Fund joined the round along with existing investors including Radicle Growth and ffVC. “Charlie and the Burro team have big plans to drive their product roadmap from a growing customer base, harden their technology through real-world use, and offer extended platform services that farmers need every day,” said Jim Adler, founding managing director at Toyota Ventures. “Burro is already gaining traction…
Found in Robotics News & Content, with a score of 32.27
November 20, 2024
…funding with participation from a strategic customer, Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, Catapult Ventures and others. Additionally, Pickle announced that it received orders from six customers in the third quarter of 2024 for over 30 production robots. The company expects these robots to deploy in the first half of 2025. Funding will be used on current, new technology The new orders include pilot conversions, existing customer expansions and new customer adoption. The funding will accelerate the development of new feature sets and build out the company’s commercial teams to unlock new…
