Found in Robotics News & Content, with a score of 9.84
September 13, 2023
…pre-seed round. Participating investors included: Tim Kentley-Klay, founder of Zoox, which exited to Amazon Ryan Gariepy, co-founder and chief technology officer Clearpath Robotics and OTTO Motors, which Rockwell Automation recently acquired Daniel Kottlarz, founder of MYBOTSHOP, largest robotics research reseller in Europe Tobias Redlin, founder of IGO3D, which said it is largest desktop 3D printer distributor in Europe Ascento’s funding included non-dilutive funding from the Swiss Innovation Agency Innosuisse and the European Space Agency incubator ESA BIC. “We accompanied the founder team for over a year as sparring partners and the dedication, execution speed and how the team is listening…
Found in Robotics News & Content, with a score of 6.36
March 08, 2023
…construction industry experience from companies such as Tesla, Amazon, Zoox, BAE Systems, and Topcon. Teleo is backed by UP.Partners, Trucks Venture Capital, F-Prime Capital, K9 Ventures, and YCombinator, among others. Later this year, the startup plans to launch semi-autonomous operations in addition to its remote operations offering. Contruction partners plan for more deployments Tomahawk Construction Fort Myers, Fla.-based Tomahawk Construction has partnered with Teleo to deploy its technology on 12 articulated dump trucks for land development of residential subdivisions, a retirement community, and commercial businesses. The remotely operated trucks will haul dirt across a job site, and the excavation and…
Found in Robotics News & Content, with a score of 22.14
November 22, 2022
…Kohen was on the original team that worked at Zoox, a self-driving company Amazon bought in 2020 for $1.2 billion. Kohen said he brought a lot of what he learned at Zoox with him to SparkAI, including using humans to handle the shortcomings of artificial intelligence. “Our unique take that was very contrarian at the time was that the last 5% is not something you can fill with more tech,” he said. “There's a cognitive gap that's going to take a few decades to build, so in the meantime, the only cognition that exists in the world is in our…
Found in Robotics News & Content, with a score of 7.48
May 13, 2022
…Google, NVIDIA, and Intel. New-age AV startups such as Zoox, AutoX, and Optimus Ride have attracted huge investments. In addition, as AV companies grow to meet the challenge of human-robot collaboration at the level required to bring self-driving vehicles to market, the horizon for leveraging these solutions for other robotics applications could expand. There has been a lot of interest in delivery and disinfection systems during the pandemic, but are they sustainable as consumer habits shift again? Sharma: The ongoing coronavirus pandemic has increased an interest in robots, drones, and AI owing to their application in delivery and disinfection systems.…
Found in Robotics News & Content, with a score of 12.58
February 25, 2022
…even more bullish, forecasting a CAGR of 69.4%, from $500 million in 2021 to $20.3 billion in 2028. Amazon's Zoox unit is operating autonomous shuttle buses in Las Vegas, and General Motors-backed Cruise has opened rides to the public in San Francisco. Aurora and Toyota are planning an autonomous van pilot for multiple U.S. cities, while China-based WeRide is testing driverless vehicles in San Jose, Calif. Alphabet unit Waymo recently sued the California Department of Motor Vehicles to keep details of its autonomous vehicle deployment permit, including some public-safety data, private. It and other developers are also testing autonomous vehicles…
Found in Robotics News & Content, with a score of 13.96
January 21, 2022
…as Amazon, Apple, Google, Dell, Microsoft, Uber, Cruise, and Zoox, as well as from Northern California agriculture operations such as Trattore Farms. Agtonomy platform widens workforce Farmers must make continuous improvements, weather labor shortages, and reduce field-to-table timelines, all while working with tight budgets and seasonal challenges, said Agtonomy. The company said its platform turns tractors and other equipment into autonomous machines providing a low-cost, technology-enabled labor force to remotely manage such equipment. By partnering with some of the most trusted names in agricultural OEM equipment, Agtonomy claimed that it will deliver immediate value and sustainability to local farmers. In…
Found in Robotics News & Content, with a score of 9.27
January 18, 2022
…investor in companies including Auris Surgical, Desktop Medical, Matterport, Zoox, and Aeva. “We’re excited to continue partnering with Formic as they change the face of manufacturing,” said Garry Tan, managing partner at Initialized Capital. “Robots as a service is accelerating the robotic revolution by years and lets U.S. manufacturers buy outcomes instead of having to take tech, integration, and financing risk themselves.” “We know these are some of the most high risk-reward ratios that exist in the world with high IRRs [internal rates of return],” Tan said. “Formic makes it a no-brainer for thousands of factories and manufacturers.” Initialized Capital…
Found in Robotics News & Content, with a score of 12.45
January 14, 2022
…Technologies Group (ATG) to Aurora Innovation, and Amazon acquired Zoox after it laid off 120 contractors. Last year, Lyft sold its self-driving division to Toyota, and delivery robot firm Nuro acquired self-driving trucking firm Ike. Waymo, which is owned by Google parent Alphabet, and Cruise, which spun out of General Motors, have pumped billions of dollars into self-driving car research and development. Cruise acquired Voyage in March 2021. Also this week, Magna International acquired the employees and assets of Boston-based Optimus Ride Inc. Former Local Motors executives expressed optimism, however, about the industry's potential. “As with most adventures, they must…
Found in Robotics News & Content, with a score of 15.08
June 22, 2021
…Kodiak Robotics, Einride, and TuSimple. In June 2020, Amazon agreed to pay over $1 billion to buy self-driving startup Zoox Inc. as part of the e-commerce giant's efforts to reduce transportation costs by investing in autonomous vehicle technology. Plus has been working with Chinese delivery company SF Holding Co., which uses PlusDrive-enabled trucks that can cover 1,500 km (932 mi.) per day.
Found in Robotics News & Content, with a score of 15.72
June 08, 2021
…lidar sensors to AutoX, Nuro, Lyft, Navaya, WeRide, and Zoox. Investors want lidar for multiple applications GL Ventures, the venture capital arm of Hillhouse Capital, led Hesai's Series 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.…
Found in Robotics News & Content, with a score of 9.29
April 27, 2021
…a $1.5 billion initial public offering, and Amazon.com bought Zoox for $1.2 billion. Lyft ride-hailing rival Uber Inc. sold its Advanced Technologies Group to Aurora Innovation Inc. for $4 billion in equity in December 2020. Recent partnership examples include AutoX and Honda China collaborating on testing in China, Aurora and Volvo partnering on autonomous trucks, and Siemens Digital Industries Software working with the MaRS Discovery District in Toronto. Race to autonomous driving is a marathon, not a sprint Toyota has said that it plans to offer next-generation mobility services rather than fully autonomous vehicles. Both Woven Planet and Lyft acknowledged…
Found in Robotics News & Content, with a score of 14.94
April 15, 2021
…public offering (IPO) of $1.5 billion, and Amazon.com acquired Zoox for $1.2 billion in 2020. In January 2021, Cruise and parent company General Motors announced that they will work with Microsoft's Azure cloud computing platform as they develop and commercialize self-driving vehicles. Microsoft joined GM, Honda, and other investors in investing $2 billion in Cruise. Last month, Cruise acquired Voyage, which has been working on technology to provide autonomous mobility in senior citizen communities. Autonomous vehicle companies accounted for more than $3.3 billion in transactions in the first quarter of 2021. Last week, TuSimple Holdings announced an IPO of more…
