Found in Robotics News & Content, with a score of 32.12
March 21, 2022
…Motors Co. last week announced it is buying the SoftBank Vision Fund's stake in its Cruise self-driving car company for $2.1 billion. San Francisco-based Cruise makes electric, driverless vehicles such as the Origin shuttlebus. Last month, the company announced that SoftBank was going to invest an additional $1.35 billion because Cruise had started operating its fully autonomous vehicles. It has also begun offering self-driving car rides to the public in San Francisco, claiming to be the first company to do so. Now that GM has bought SoftBank Vision Fund's stake, it will give Cruise the $1.35 billion in SoftBank Vision…
Found in Robotics Companies & Businesses, with a score of 31.93
February 21, 2019
…machine learning and computer vision systems for the next generation of self-driving robots. Brain Corp is funded by the Softbank Vision Fund and Qualcomm Ventures, the investment arm of mobile technology leader, Qualcomm Inc. AI platform for the development, deployment, and management of intelligent machines
Found in Robotics News & Content, with a score of 31.59
October 10, 2022
More service robots are coming to North America. SoftBank Robotics America and Gausium today announced that they have partnered to deploy indoor automated cleaning and service systems in the U.S. market. The partners said they will focus on helping companies successfully adopt, integrate, and scale robot operations. “SBRA [SoftBank Robotics America] is the right partner to bring our products to market throughout the U.S.,” said Allen Zhang, chief of overseas business of Gausium. “Their holistic customer support continues after the point of sale and ensures all adopters are receiving the expected return on experience and investment when utilizing our robots.”…
Found in Robotics News & Content, with a score of 30.94
April 21, 2021
SoftBank Robotics Corp. and its SB Logistics Corp. subsidiary, along with Berkshire Grey Inc., announced yesterday that they have partnered to offer “the most technically advanced” third-party logistics service for e-commerce fulfillment. SB Logistics said its 3PL offering includes Berkshire Grey’s Intelligent Enterprise Robotics systems, including robots using artificial intelligence to autonomously pick, place, and pack customer orders for the demanding Japanese market. SoftBank Robotics is a unit of Japan-based SoftBank Group Corp. It has produced more than 35,000 robots, including the Pepper and NAO humanoid service robots and the Whiz cleaning robot, which are used in more than 70…
Found in Robotics Companies & Businesses, with a score of 30.69
March 02, 2016
…a majority interest in Boston Dynamics and now holds 80% of the company, which operates as an independent business. SoftBank holds the remaining 20% through a subsidiary.
Found in Robotics News & Content, with a score of 30.42
September 08, 2023
…well as the commitment from our long-term partner in SoftBank, we are confident we will revolutionize the trucking and freight industries by driving improvements in efficiency and safety and alleviating supply chain constraints for our customers, helping them reach their goals and advance their missions.” In addition to Salesky, Peter Rander, president of Stack AV, and Brett Browning, chief technology officer of Stack AV, have a total of more than seven decades of experience in artificial intelligence, robotics, and autononous vehicle development. Salesky and Rander were co-founders of autonomous trucking company Argo AI LLC, which partners Ford Motor Co. and…
Found in Robotics News & Content, with a score of 30.25
May 07, 2021
…such as Japan, South Korea, Singapore, Spain, and Germany. SoftBank leads round SoftBank Ventures Asia led the latest investment round in Youibot. Founded in 2000, SoftBank Ventures Asia is the global early-stage venture arm of SoftBank Group. The firm invests in technology, media, and telecommunications (TMT), including artificial intelligence, semiconductors, software, and consumer brands. SoftBank Ventures Asia has invested in more than 250 companies in 10 countries and regions and has offices in Seoul, San Francisco, Tel Aviv, Beijing, Singapore, and elsewhere. Youibot attracted investor attention because of its “closed-loop solution from hardware products to service software,” its strong technical…
Found in Robotics News & Content, with a score of 29.93
September 21, 2021
SoftBank Robotics Group Corp. today announced a global partnership with Keenon Robotics Co., which focuses on indoor service robots. The global launch expands on Keenon's announcement last week of $200 million in Series D funding and collaboration with SoftBank Robotics. The companies said they will work together to expand the use of robotics in the service industry. They said that service robots will provide efficiency and productivity gains that will allow businesses to allocate more time and resources for staffers to refocus on customer service. “We are proud to partner with SoftBank Robotics, the leader in the robotics solutions industry,”…
Found in Robotics News & Content, with a score of 29.57
June 07, 2022
SoftBank Group has been a significant investor in collaborative and service robotics. Its SoftBank Robotics America Inc. unit today announced a strategic development and equity partnership with Autonomous Solutions Inc., expanding its interest from indoor robots to automated ground vehicles. As part of the agreement, San Francisco-based SoftBank Robotics America (SBRA) has acquired a minority stake in Petersboro, Utah-based Autonomous Solutions Inc. (ASI). The companies said their partnership “will expedite the development and deployment of a wide range of autonomous commercial service vehicles.” “We are very excited to work with ASI,” stated Brady Watkins, general manager of SoftBank Robotics America.…
Found in Robotics News & Content, with a score of 28.47
July 25, 2023
SoftBank Group Corp. and Symbotic Inc. yesterday announced that they have established GreenBox Systems LLC, a joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity. Symbotic also announced a customer contract worth about $7.5 billion with GreenBox, which will be the exclusive provider of its systems and supply chain services to that market. “We are pleased to partner with SoftBank in this venture that accelerates our shared vision to transform the supply chain,” said Rick Cohen, chairman and CEO of Symbotic, in a press release. “GreenBox enables Symbotic to bring the benefits of our technology to…
Found in Robotics News & Content, with a score of 28.15
September 15, 2021
…the company by exploring new markets, trends, and customers.” SoftBank leads round SoftBank Vision Fund 2 led Keenon Robotics' Series D round, followed by CICC ALPHA and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. China Renaissance was the exclusive financial advisor for this financing. “We believe robotic solutions can have a profound impact across the services industry by assisting with repetitive, tedious workflows,” said Kentaro Matsui, managing director at SoftBank Group and former managing partner at SoftBank Investment Advisers. “Using AI and machine learning, combined with advanced manufacturing capabilities, Keenon is building innovative robotics to help increase productivity…
Found in Robotics News & Content, with a score of 27.46
May 20, 2021
…has raised a $150 million Series E led by SoftBank Vision Fund 2, doubling its valuation to $2 billion. The Somerville, Mass.-based company said it will use the funds to continue to grow its portfolio of 3D printing technologies and grow its team across its offices in Germany, Japan, China, Singapore, Hungary, and North Carolina. “The industry is undergoing a renaissance, and Formlabs is leading the way,” stated Max Lobovsky, co-founder and CEO of Formlabs. “The 3D printing industry market size is expected to reach $51.77 billion by 2026, and Formlabs is the company to drive this growth forward. Where…
