Found in Robotics News & Content, with a score of 19.83
September 06, 2023
…including SBI Investment Co. and James Kuffner, CEO of Woven by Toyota. The global market for just palletizing robots could expand by $1.7 billion at a compound annual growth rate (CAGR) of 6.71% from 2022 to 2027, according to Research and Markets. Similarly, Fact.MR predicted a CAGR of 9.4%, with that market reaching $10.1 billion by 2033. Mujin plans for growth What will Mujin do next in this growing market? Josh Cloer, director of sales at Mujin, replied to the following questions from Robotics 24/7: What are your plans for the capital? Josh Cloer, Mujin Cloer: Our plan is to…
Found in Robotics News & Content, with a score of 15.99
September 05, 2023
…The Tokyo-based company said it plans to use the capital to make its MujinController platform more available to integrators and end users to they can develop innovative automation applications. MujinController works with any industrial robot, enabling users to develop and deploy them for manufacturing, logistics, and supply chain applications at a higher level of performance and reliability than before, said Mujin in a release. “The MujinController introduces a unique approach to creating robotics applications, leveraging a real-time, non-volatile digital twin and offering a suite of perception, planning, and control algorithms to digitize the real world and autonomously move robots and…
Found in Robotics News & Content, with a score of 23.91
August 29, 2023
…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 is also joining the company’s board of directors. “The company is leading the way by providing a…
Found in Robotics News & Content, with a score of 20.14
November 03, 2021
…round. Baillie Gifford, Fidelity Management & Research Co., Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates Inc., Toyota's Woven Capital unit, and other existing investors participated. Nuro raised $500 million in Series C funding a year ago. “The arrival of ubiquitous on-demand e-commerce is changing the way we access goods,” said Griffin Schroeder, partner at Tiger Global. “Demand for local deliveries is exploding. Nuro is the bridge to an era of sustainable, low-cost, autonomous local delivery.” “Kroger launched its partnership with Nuro in 2018 to explore grocery delivery through autonomous vehicles,”…
Found in Robotics News & Content, with a score of 44.57
July 15, 2021
Woven Planet Holdings Inc., a subsidiary of Toyota Motor Corp., yesterday said it is acquiring CARMERA Inc., which specializes in spatial artificial intelligence for automated mobility. CARMERA will join Woven Planet Group as a wholly-owned subsidiary, expanding the company’s footprint beyond its Tokyo headquarters by adding New York and Seattle offices to its planned offices in Silicon Valley and London. Terms were not disclosed. The predecessor to Woven Planet—Toyota Research institute - Advanced Development Inc. (TRI-AD)—previously collaborated with CARMERA on projects from 2018 to 2020. They demonstrated that the companies could successfully develop and update high-definition (HD) maps from commodity,…
Found in Robotics News & Content, with a score of 12.69
June 28, 2021
…funding. Other notable deals included TuSimple's $1.1 billion IPO, Woven Planet's acquisition of Lyft's Level 5 division for $550 million, Momenta's $500 million fundraising, and DiDi Autonomous Driving's $300 million round. Xpeng said it plans to plans to use the net proceeds from its global offering to expand its product portfolio and develop more advanced technologies. It also intends to accelerate its business expansion by enhancing brand recognition, acquiring customers through omni-channel marketing strategies, and expanding its sales and service touch points both domestically and internationally. In addition, Xpeng said it will expand production capacity, upgrade facilities, and development manufacturing…
Found in Robotics News & Content, with a score of 35.43
April 27, 2021
Woven Planet Holdings Inc., a subsidiary of Toyota Motor Corp., said yesterday that it has agreed to acquire Level 5, the self-driving division of ride-hailing company Lyft Inc. This marks the first major deal for the newly established Woven Planet and continuing consolidation in the autonomous vehicle space. Woven Planet Group launched in January 2021 as an expansion of the operations of Toyota Research Institute - Advanced Development Inc. (TRI-AD) with the motto of “Mobility to Love, Safety to Live.” It includes four companies in support of connected and autonomous vehicles, robotics, smart cities, and more. Woven Planet Holdings Inc.…
