Found in Robotics News & Content, with a score of 1.11
June 13, 2022
…in leading technology companies. They include AutoStore, Berkshire Gray, JD Logistics, and Uber. The business combination was approved at a special meeting of SVFC shareholders held on June 3. As a result of the transaction, the combined company received additional growth capital to supplement its existing $363 million of combined cash on the balance sheet as of March 26 and proceeds from a May 20 warrant exercise. “We are thrilled to complete our business combination with Symbotic,” said Yanni Pipilis, chairman and CEO of SVF and managing partner at SBIA. “We believe Symbotic is years ahead of its peers, with…
Found in Robotics Companies & Businesses, with a score of 32.26
June 01, 2022
JD Logistics has same- and next-day delivery available for almost any product to almost anywhere in China. They are at the forefront of robotics and automation, being the first company in the world to make commercial deliveries by drone, and have developed unmanned delivery vehicles, warehouses and stores. And with their platform generating an astounding 31 petabytes of data every day, they are building powerful AI and machine learning tools. They have global R&D effort headquartered in Silicon Valley—the R&D Center in Santa Clara, CA. The Silicon Valley R&D Center brings together leading talent in sectors such as machine learning,…
Found in Robotics News & Content, with a score of 0.60
March 22, 2022
…the robotics ecosystem, including Amazon Web Services, Hyundai Robotics, JD.com, Komatsu, and Meituan. “We are extending the powerful Microsoft Azure platform to the intelligent edge,” said Roanne Sones, corporate vice president for Microsoft Azure Edge + Platforms. “Combining Azure’s advanced capabilities with performance and software development tools such as NVIDIA Jetson AGX Orin helps give developers a seamless experience to easily build, deploy, and operate production-ready AI applications.” Jahmy Hindman, chief technology officer at John Deere, noted: “With the global population expected to reach nearly 10 billion people by 2050, farmers have a steep challenge of feeding the world, and…
Found in Robotics News & Content, with a score of 1.81
February 04, 2022
…2023, the sales value is expected to rise to 61 billion yuan ($9.5 billion). Chinese companies Alibaba, Meituan, and JD.com said they plan to have more than 2,000 courier robots in use this year between them. Check out the slideshow (right) for five robots helping to keep people safe at the 2022 Winter Olympics.
Found in Robotics News & Content, with a score of 0.92
December 14, 2021
…and logistics providers have successfully deployed ForwardX's AMRs, including JD Logistics, SF DHL Supply Chain China, TCL Electronics, ITOCHU Logistics China, and Dongfeng Motor Corp. The company also stated that it was a core provider for the world’s first 5G-enabled AMR deployment after its award-winning project with TCL Electronics. Source: ForwardX Robotics Investors expect growth in robotics, 5G Taikang Life Insurance led ForwardX's initial Series C round, with contributions from Qualcomm Ventures and Starlight Capital. Only seven months after the closure of its $63 million Series B round, the latest funding brings ForwardX to approximately $100 million in total investment…
Found in Robotics News & Content, with a score of 0.61
December 13, 2021
…public such as Aurora, AutoStore, Berkshire Gray, DiDi, DoorDash, JD Logistics, Uber, and WeWork. More transaction details The minimum cash of the transaction is fully covered by the $405 million of committed equity capital that Symbotic and SVFC have raised, reducing potential transaction uncertainty. Symbotic also expects to receive an additional $174 million in cash from Walmart by the end of December to be used for general corporate purposes as a result of Walmart gross exercising warrants it holds in the Company. At closing, assuming no SVFC public shareholders exercise their redemption rights, existing Symbotic equity holders are expected to…
Found in Robotics News & Content, with a score of 2.96
October 03, 2021
…shopping experiences and created a system that would enable JD.com to optimize robots within warehouses as they scurry about processing orders. The intent was to allow robots to move quickly without any collisions. The research team developed a mathematical method to optimize the combination of steps with a finite set of solutions. The system that the USC and Shanghai University team devised allows JD.com's robots to accurately fulfill orders for same-day delivery. It also allowed the company to process 10 times the normal quantity of product orders while rapidly adapting to the unexpected shocks and demand caused by the worldwide…
Found in Robotics News & Content, with a score of 1.45
September 14, 2021
…and Melbourne. Since 2003, the firm’s private equity business has invested in technology companies including Locus Robotics, Facebook, LinkedIn, JD.com, Spotify, Peloton, Instacart, DoorDash, and Waymo.
Found in Robotics News & Content, with a score of 1.04
September 14, 2021
…its twelfth fund. It cited entrepreneur partners such as JD.com, Meituan, Facebook, LinkedIn, Toast, Stripe, ByteDance, Warby Parker, Flipkart, and DiDi. Tiger Global is based in New York and has affiliate offices in Hong Kong, Beijing, Singapore, and Bangalore. Mobile robot market keeps rolling Mobile robot companies have raised more than $1 billion so far this year. Top deals included GreyOrange's planned $500 million initial public offering (IPO), Zebra Technology's acquisition of Fetch Robotics 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…
Found in Robotics News & Content, with a score of 1.29
August 23, 2021
…operators such as Penske, A. Duie Pyle, Amazon, and JD.com to evaluate the efficacy of different systems and the friction points that might arise. These companies have been reaping the benefits of enhanced key performance metrics such as shorter dock-to-stock cycles and improved inventory accuracy, said ABI. This is thanks to successful deployment of various automation and vision-based systems in their day-to-day operations, it found. Combining systems for results “In addition to robots, warehouse operators should be seeking to combine the value of multiple solutions across the fulfillment workflow to achieve desired results,” explained Luitel. “There is also a need…
Found in Robotics News & Content, with a score of 1.31
August 03, 2021
…throughout a heavy-duty truck's lifecycle of 1.5 million km (932,000 mi.). Inceptio Technology raised $120 million in November 2020. JD Logistics, Meituan, and PAG jointly led its Series B round. Deppon Express, IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds also participated in the investment, and existing shareholders GLP Hidden Hill Capital, CATL, NIO Capital and Eastern Bell Capital actively followed. The company said its autonomous driving freight network has been embraced by a number of top-tier shippers and fleets in China.
Found in Robotics News & Content, with a score of 2.20
July 17, 2021
…$273.78 per share. Meituan expands deliveries, partnerships Along with JD.com and Neolix, Meituan obtained approval from Beijing in April to test self-driving delivery vehicles in the Yizhuang Development Area. It had already made 11,000 robotic deliveries in the Shunyi District with two vehicles within a distance of about 6 km (3.7 mi.). The electric vehicles reportedly could complete five orders per trip, and a second generation was recently launched. Meituan has been working on autonomous vehicles since 2016, and it launched contactless deliveries with its “Magic Pods” during the COVID-19 pandemic. Xia Huaxia, chief scientist and head of AI platform…
