Found in Robotics News & Content, with a score of 62.18
September 01, 2021
…technology companies in addition to major automakers. Electronics vendor Xiaomi Corp. today announced its financial results and said it has acquired autonomous vehicle company Deep Motion Technology on Aug. 25. Beijing-based Xiaomi starting to diversify into automotive technologies. Founded in 2010, Xiaomi manufactures consumer electronics and claimed that it was the No. 2 company in global smartphone market share in the second quarter of 2021. The company said its products are in more than 100 countries and regions around the world. Xiaomi also said that 374.5 million smart devices—not including smartphones and laptops—were connected to its artificial intelligence plus Internet…
Found in Robotics News & Content, with a score of 46.27
October 09, 2022
…Tesla showed off Optimus, its humanoid robot. In August, Xiaomi showed off its humanoid, CyberOne. Some companies are farther along than other. Boston Dynamics' Atlas can do parkour tricks and dance, while Tesla's and Xiaomi's robots were demoed just walking across a stage. It's a market worth paying attention to as developments in the space continue. The main draw of humanoids is that they could one day be commonly used in warehouses, manufacturing facilities, hospitals, and more. They are already being tested in some of those spaces. The global market for humanoid robot is estimated to reach $9.74 billion by…
Found in Robotics News & Content, with a score of 26.05
June 08, 2021
…D round. Chinese Internet provider Meituan and smartphone maker Xiaomi and also participated, as did Citic Private Equity (CPE) Funds Management. Other investors included Baidu, Bosch, Huatai International Private Equity Fund, and ON Semiconductor. Baidu and Xiaomi are working with partners on electric vehicles, and Meituan is developing robots for indoor and outdoor deliveries. In addition, existing investors Lightspeed China Partners, Lightspeed Venture Partners, and Qiming Venture partners joined the latest round. “As the core sensor of autonomous driving, lidar directly affects the development speed and level of the autonomous driving industry,” said Huang Liming, partner and head of software…
Found in Robotics News & Content, with a score of 18.49
June 02, 2021
…over four rounds, and its latest funding brings its valuation to $11 billion, according to Crunchbase. Smartphone maker Hubei Xiaomi Chanjiang Industrial Investment Fund Management, which recently entered the electric vehicle market, led the Series D3 round. Cowin Capital and Goayuan Capital led the Series D2 round, and Denso Corp. led the first tranche. Other investors included Legend Capital and Qualcomm Ventures. There could be as many as 8 million driverless cars on the roads by 2025, and the global market for autonomous vehicles could reach $677.7 billion by 2026, according to ABI Research.
Found in Robotics News & Content, with a score of 11.56
March 30, 2021
…entrepreneurs, providing not only insight and industry experience, but also operational support. 5Y Capital's investment portfolio includes Ctrip.com, YY, Xiaomi Corp., Kingsoft Office, Agora, Xiaopeng Motors, Kuaishou, We Doctor Group, SenseTime, and Pony.ai.
Found in Robotics News & Content, with a score of 10.44
September 13, 2021
…and Linear Capital, as well as strategic investors including Xiaomi Group, Foxconn Industrial Internet, and Midas. Agile Robots claimed to be the robotics company with highest total financing amount in 2020. With the completion of this financing round, Agile Robots said it will be the first intelligent robotics company in China to receive investment from SoftBank Vision Fund 2 (SVF 2). SoftBank Group added that it has made capital contributions to allow investments by SVF 2 in certain portfolio companies. The announcement does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests…
Found in Robotics News & Content, with a score of 10.36
September 30, 2022
…also recently made announcements, including Beyond Imagination Inc., Figure, Xiaomi, and Engineered Arts. We also can’t forget about Boston Dynamics’ Atlas or Agility Robotics’ Digit. That’s just scratching the service of the developments going on in the humanoid space, a global market that is estimated to reach sales of $17.32 billion by 2028, according to SkyQuest Technology Consulting. What are the best uses for humanoid robots? Nancy Cooke isn’t so convinced that humanoids will take off anytime soon and is generally against the idea. She is the former president of the Human Factors and Ergonomics Society (HFES). She has a…
