Found in Robotics News & Content, with a score of 49.36
July 25, 2023
ForwardX Technology Co. yesterday unveiled the Flex 60-T, an autonomous mobile robot, or AMR, equipped with an advanced docking and towing system for cate trolleys. The Beijing-based company plans to show the Flex 60-T for the first time at CeMAT Australia this week. Cage trolleys, or roll cages, transport heavy loads of products and equipment in warehouses, factories, distribution centers, retail stores, hospitals, supermarkets, hospitality workplaces, and catering establishments. Traditionally, these roll cages have been manually transported throughout the warehouse, limiting productivity and posing safety risks, noted ForwardX. The company said in a release that it has designed the Flex…
Found in Robotics News & Content, with a score of 51.88
July 18, 2023
ForwardX Technology Co. today announced that the successful completion of its latest funding round on July 7. The Beijing-based provider of vision-based mobile robot technology raised $30 million, bringing its Series C total to $61 million. Since its founding in 2016, ForwardX Robotics said it has raised about $140 million. It said the funding “will be instrumental in further accelerating the company's growth and expanding its presence across the globe.” “Our success in securing this funding reflects the positive momentum we have built over the past few years,” stated Nicolas Chee, CEO of ForwardX, in a release. “ForwardX Robotics has…
Found in Robotics News & Content, with a score of 33.84
July 13, 2023
ForwardX Technology Co. yesterday announced that Richmond Rolling Solutions will be the exclusive distributor of its autonomous mobile robots, or AMRs, across Australia and New Zealand. “Our exclusive partnership with ForwardX represents a unique opportunity for businesses to invest in the latest equipment to improve their processes and transform the way they operate,” said Breon Winslow-Moore, CEO of Richmond Rolling Solutions, in a release. “It's an exciting time for our team, and we can't wait to deliver these AMR products to companies throughout Australia and New Zealand.” Richmond Wheel & Castor Co. has been a leading provider of materials handling…
Found in Robotics News & Content, with a score of 4.46
June 02, 2023
…offer robotics used for fulfillment processes include AutoStore, Exotec, ForwardX Robotics, Plus One Robotics, and Raymond Corp. Short-term obstacles haven't derailed the industrial robot market My overall take on the industry is that it’s in a good place. Although the latest data on sales of industrial robots released shortly before the show by A3, and during the show in preliminary 2022 data from the International Federation of Robotics (IFR) indicates there is some cooling of the industrial robotics market after record growth in 2022, the long-term outlook for robotics uptake remains bullish. It’s worth noting that A3’s data is based…
Found in Robotics News & Content, with a score of 9.92
May 26, 2023
…happen,” said Jennifer Samples, vice president at AMR provider ForwardX Robotics. “We have three levels of clients: people who know they need automation but don't know where to begin, others who have some automation, and those who are the most sophisticated and want the latest and greatest. All three can be in the same company.” “We learn the [customer's] entire process upfront,” added Chris Harbert, sales director at ForwardX. “The robot hardware and software have to help business transformation and show actual ROI [return on investment]. We also ask each individual, 'How does the robot help you?'” “Our demand pipeline…
Found in Robotics News & Content, with a score of 43.43
May 25, 2023
At Automate this year, ForwardX Robotics is showcasing for the first time in North America its new AMR designed with the automotive industry in mind. The Lynx AMR tugger has a payload capacity of 3,306 lb. (1,499 kg.) and can complete heavy-duty rack towing tasks. As automotive companies increase their production of electric and self-driving cars, they are developing new manufacturing processes and producing new components, ForwardX Robotics noted. Those changes add additional complexities, and automakers are looking to new technologies to help with production. Autonomation demands increase for automakers making EVs As opposed to traditional manually operated tuggers, the…
Found in Robotics News & Content, with a score of 50.35
March 17, 2023
…The company has already established a presence in Asia, ForwardX Robotics Chief Operating Officer Yaxin Guen told Robotics 24/7. The company said it has served over 100 customers, including JD.com, DHL, IKEA, TCL, and Walmart, according to its website. It secured its first U.S. contract in August. Hirocloud, which is based in Edison, New Jersey, is using 600 FowardX AMRs as its 50,000 sq ft. facility, according to the news site Industry Today. Founded in 2016, ForwardX has four AMR product lines, including its Flex Series, Max Series, Apex Series, and Conveyor Series. To date, it has raised $109 million,…
Found in Robotics News & Content, with a score of 43.50
November 17, 2022
…and JD.com on Singles' Day, Nov. 11, according to ForwardX Robotics. In comparision, U.S. consumers spent a total of $19.6 billion across retailers on Black Friday and Cyber Monday in 2021, according to an Adobe report. ForwardX said it helped more than 100 warehouses meet e-commerce demand last week, with its autonomous mobile robots (AMRs) picking over 15 million units. One warehouse using the company's AMRs shipped 6X its average orders on time. Founded in 2016, ForwardX claimed that it is “Asia's largest person-to-goods AMR” provider. The Beijing-based company has more than 250 computer vision scientists and robotics experts and…
Found in Robotics News & Content, with a score of 44.39
August 02, 2022
…autonomous mobile robots, or AMRs, continues to be competitive. ForwardX Robotics Inc. recently announced its first U.S.-based project. The Beijing-based company, which has raised more than $100 million in funding since it was founded in 2016, also recently participated in its first U.S. trade show. “Our results in China, where labor costs are comparatively low, have given us great confidence in what we are able to offer to the rest of the world,” stated Yaxin Guan, chief operations officer of ForwardX. “It’s an exciting time to be in this industry and solve problems that many companies are facing in the…
Found in Robotics News & Content, with a score of 9.99
May 10, 2022
…robotics leaders to drive innovation for 5G and edge AI. They include ADLINK, Akasha Imaging (an Alphabet company), Cyngn, ForwardX, FutureMind, Hyundai Robotics, inVia Robotics, LG Electronics, Microsoft Azure private MEC, ModalAI, Naver Labs, Pudu Robotics, Samsung Electronics, Teledyne Flir, and Thundercomm. “We've had great validation from industry leaders in the ecosystem,” said Singh. Qualcomm is also continuing its work with TDK, which has added its sensor technologies to Qualcomm's latest robotics offerings. The Qualcomm RB5 AMR Reference Design is now available for pre-sale thorugh ModalAI, and the Qualcomm Robotics RB6 development kit is available through Thundercomm.
Found in Robotics News & Content, with a score of 38.67
December 14, 2021
ForwardX Robotics, which develops mobile robots for warehousing and manufacturing environments, today announced that it has raised $31 million in its initial Series C1 funding round. The Beijing-based company said it plans to use the new capital to accelerate its research and development timeline, increase its deployment capabilities in key markets such as the U.S., and expand its sales reach into new markets. “Our latest round of funding contributes to the positive momentum we have been building over the past 24 months,” stated Nicolas Chee, founder and CEO of ForwardX. “With a growing market share across our key territories, we…
Found in Robotics News & Content, with a score of 10.26
September 14, 2021
…for $290 million, Locus' $150 million Series E, and ForwardX's $38 million Series B round. The global market for mobile robots (including automated guided vehicles or AGVs) will experience a compound annual growth rate (CAGR) of 15.34%, growing from $11.4 billion (U.S.) in 2019 to $30.96 billion by 2026, according to Research and Markets. It attributed this growth to increasing demand, labor constraints, and increasingly efficient management software for different industry applications. Similarly, Mordor Intelligence predicted a 15.12% CAGR between 2018 and 2026. It noted growing AMR adoption in the automotive, healthcare, and oil and gas sectors. The biggest mobile…
