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…
Found in Robotics News & Content, with a score of 29.49
March 25, 2024
…announced a $3.5M Seed+ fundraising round led by Cybernetix Ventures and KST Invest GmbH, with participation from Yamaha Motor Ventures and Digital Media Professionals (DMP). Cambrian said this investment will propel its AI platform, enabling industrial robot arms to perform vision-based tasks across a variety of industries. “We are incredibly excited about the possibilities that our recent fundraising opens up,” said Miika Satori, CEO of Cambrian Robotics. “Our primary goals are to enhance the scalability of the product and strengthen our sales and operations in our main target markets. In addition, we are bringing new AI-vision-based skills to robot arms,…
Found in Robotics News & Content, with a score of 18.88
January 11, 2024
…Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board. Burro is an autonomy company building the future of work outdoors. The company was founded in 2017 and began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Today, Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and…
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 20.08
September 05, 2023
…led Mujin's Series C round, along with Pegasus Tech Ventures in Silicon Valley, 7 Industries in the Netherlands, corporate investor Accenture, and angel investor Dr. James Kuffner. Kuffner was Diankov's advisor during his Ph.D. program at Carnegie Mellon University and is now CEO of Woven by Toyota. “This Series C funding is a significant milestone for Mujin, a company that has pioneered intelligent automation technology since 2011,” said Kuffner. “Mujin can accelerate and expand its delivery of truly state-of-the-art advanced industrial robotic solutions to customers globally, strengthening its position as the technology market leader.” SBI Investment stated: “We are very…
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 25.95
August 24, 2023
…and Munich, Germany. Lead investors in Recogni include GreatPoint Ventures, Celesta Capital, Mayfield, and DNS Capital. Other investors include automotive OEMs and Tier 1 suppliers such as BMW iVentures, Toyota Ventures, Bosch, Continental, Forvia, and FluxUnit-OSRAM Ventures. “Having been in the automotive and autonomous driving industry for decades, it became clear that autonomous capabilities would only be able to go so far when using existing technology,” said Dr. Yvonne Lutsch, investment principal at Bosch Ventures. Recogni has proven that to move the industry forward, it requires purpose-built technology that is powerful, flexible, and easy to integrate,” she said. “And Recogni…
Found in Robotics News & Content, with a score of 56.60
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 13.03
July 24, 2023
…blog post. He also acknowledged the challenge of obtaining venture capital in the current economic environment. “We’re all living through an uncertain time in the financial markets,” Urmson said. “Despite some thaw, investors continue to be very cautious with their clients’ money, wanting an extra degree of conviction to make a big bet. It’s part of why we’re proud to be able to raise the better part of a billion dollars to continue our mission. Investors see what we see – an incredible and unique opportunity to do something important and valuable in the world.” Aurora Driver stays on track…
Found in Robotics News & Content, with a score of 24.78
June 05, 2023
…“Best of Innovation” award. Investors in the company include Toyota Ventures, Samsung NEXT, iRobot, OurCrowd, and Terra Ventures, as well as venture capital firms from California, Israel, Japan, and Asia. AAABC accepting applications The Broward County initiative is now accepting online applications. Those eligible to get an ElliQ for free are English-speaking adults ages 60 and older, with Wi-Fi in residence and with no significant impairments, said Intuition Robotics. The Area Agency on Aging of Broward County is sponsored by the Areawide Council on Aging of Broward County and the Florida Department of Elder Affairs. It is the nonprofit organization…
Found in Robotics News & Content, with a score of 10.40
April 15, 2023
…Insights. They are continuously focused on new product developments, venture capital investments, and opportunities to obtain market share. WowWee Group's Robosapien X has 67 pre-programmed functions, gestures, and fluid motions and is programmable using the integrated R/C or the RoboRemote app. The robot can be operated independently, with the help of the provided remote control or the new IR dongle, which can be used to control it from a mobile device. Ubtech Robotics' most recent iteration of its humanoid robot is Walker X. The bipedal robot has noteworthy AI and physical performance. Walker X uses 2.5D obstacle-avoidance technology, first-person view…
Found in Robotics News & Content, with a score of 14.37
April 07, 2023
…conversation with Brett Wood, the president and CEO of Toyota Material Handling North America. He noted that if you based your view of the economy on television news, you’d think we’re in the doldrums. Now, the long-predicted recession may be coming – we’ve never had this many consecutive years of growth without a downturn in the past – but the numbers that relate to industry are pretty darn good. In Toyota Material Handling's corner of the industry, these are the best of times. Wood said the materials handling industry sold a combined total of 663,000 units in 2021 and 2022…
