Found in Robotics News & Content, with a score of 11.74
February 03, 2023
…3. That SPAC was sponsored by an affiliate of SoftBank Investment Advisors (SBIA), and Symbotic began publicly trading its stock. “In addition to our 168% annual revenue growth, gross margin improved and operating expenses, excluding stock-based compensation, declined sequentially,” said Tom Ernst, chief financial officer of Symbotic. “We initiated a record six system deployments during the first quarter as we continue to rapidly scale operations and deliver for our customers,” he added. “Cash, cash equivalents, and marketable securities on hand increased by $94.1 million from the prior quarter to $447.5 million, leaving us well capitalized to execute our growth strategy.”…
Found in Robotics News & Content, with a score of 4.75
January 23, 2023
…heavily in talent: Frankert, for instance, previously worked at SoftBank Robotics, where he focused on technologies for micro-fulfillment centers in the 7,500 to 10,000 square foot range. Pallets of plants are moved by conveyor into the main grow area. Source: Jeff Fusco/Getty Images for Peerless Media. Optimizing automation According to Frankert, who joined the organization two years ago, Bowery Farming realized from the outset that software, technology, and automation Once plants are ready, they are harvested (top), and sorted and conveyed to packing (middle and bottom). Source: Jeff Fusco/Getty Images for Peerless Media. would be key to its success. If…
Found in Robotics News & Content, with a score of 5.34
January 13, 2023
…successful at this, acquiring Brooks Automation's Semiconductor Solutions Group. SoftBank's $2.8 billion acquisition of 40% of AutoStore is the stuff of legends. Another axis of consolidation to consider is companies that possessed technology that couldn’t stand on its own but is cool. There are some really interesting components, like perception AI to predict traffic flows from camera data. That's abstract enough that very few end customers that know what to do with it. SVT is partnering with Ox on augmented reality picking. Integrating AMRs [autonomous mobile robots] with voice picking—there's so much upside from these types of human augmentation. We…
Found in Robotics News & Content, with a score of 12.91
January 09, 2023
…date. Monceaux previously worked at Aldebaran (later acquired by SoftBank) and helped create the humanoid robots Nao and Pepper. With Miroki, Monceaux told Robotics 24/7 he is hoping to combine his years of experience and offer customers a robot that can easily navigate an environment and collaborate smartly with humans. The robots use artificial intelligence to understand prompts such as “Take all these objects back to their places,” “Move this tray to a new room every hour,” and “On Monday morning at 9:00 a.m., take your trolley back to the pharmacy.” Enchanted Tools said it is testing the robot at…
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 7.47
August 05, 2022
…industrial applications. Hyundai Motor Group acquired the company from SoftBank Group Corp. in 2021. Since then, Boston Dynamics has demonstrated Spot in many different environments; offered the Stretch robot for unloading trucks; and continued to work with developers, software and sensor providers, and corporate customers. Last month, CEO Robert Playter joined Kiva Allgood, president and CEO of Sarcos Technology and Robotics Corp., at TCs Sessions: Robotics from TechCrunch. They discussed how their pioneering companies brought robots to market, from pilot testing to scaling manufacturing. Playter also replied to the following questions from Robotics 24/7 about Boston Dynamics' journey to commercialization.…
Found in Robotics News & Content, with a score of 16.15
July 22, 2022
…Global investors join Series D funding Temasek, TrueLight Capital, SoftBank Vision Fund 2, and Prosperity7 Ventures, and the diversified growth fund of Aramco Ventures led JAKA Robotics' Series D round. One strategic investor also participated. “We believe Jaka Robotics is one of the leading collaborative robot companies in China who is helping manufacturers boost productivity,” said Dennis Chang, managing partner at SoftBank Investment Advisers. “With its strong in-house R&D capabilities, Jaka's robots are high-performance and strongly suited for multiple industrial use cases, which is recognized by its global partners.” JAKA said its Series D financing marks an industry record, and…
Found in Robotics News & Content, with a score of 11.83
July 18, 2022
…record numbers of the Whiz autonomous vacuum with partner SoftBank Robotics. Pinn brings experience to Brain Corp Pinn holds a Bachelor of Science degree in electrical engineering from the University of Texas at Austin and a Masters in Business from the Haas School of Business at the University of California, Berkeley. He was a co-founder of Snaptracs, Qualcomm’s consumer electronics subsidiary. Pinn oversaw the successful sale of the business, which led to a merger with Whistle and a $117 million acquisition by Mars. David Pinn. Source: LinkedIn Prior to joining Brain Corp, Pinn was head of finance for Antenna79, a…
Found in Robotics News & Content, with a score of 15.69
July 13, 2022
…is working on a project with MONET Technologies and SoftBank for an international route in Tokyo. A Toyota Sienna Autono-MaaS equipped with May Mobility’s ADK will launch this fall as part of a new public on-demand AV deployment. Source: May Mobility Investors support 'driver-out' operations May Mobility said its Series C round brings its total funding to date to $194 million. The company said it plans to increase its engineering headcount, expand its global customer base, enhance rider experiences, and further invest in technology advancements. “With this round of funding, May Mobility has doubled down on its commitment to driver-out…
Found in Robotics News & Content, with a score of 10.84
June 28, 2022
…needed to create safer, and higher-paying jobs for American workers.” “The Future of High-Tech Industries alongside other companies including Softbank Group International, GymPass and A-to-Be,” Atiya said.“In addition to talking about automation and robotics and the growing move to bring production closer to home, Atiya also noted that the business-friendly environment and level of entrepreneurship in the United States fuels ABB’s own innovation and growth there.
Found in Robotics News & Content, with a score of 12.26
June 20, 2022
…round led by Alibaba's exclusive strategic financing and the SoftBank Vision Fund. The company achieved successful results and was ranked on the Hurun “global unicorn company” list last year. Meanwhile, Keenon Robotics was named one of the top 10 “best investment cases in advanced manufacturing” by the CVINFO 2021 Annual List. The company has launched with six global business areas: North America, Europe, the Asia-Pacific, South America, the Middle East, and Africa. In these areas, Keenon Robotics said it is cooperating with large local multinationals on strategic development to continue supporting the world with commercial service robots. Keenon Robotics said…
Found in Robotics News & Content, with a score of 24.88
June 13, 2022
…Michael J. Loparco, Symbotic CEO. “Symbotic’s long-term partnership with SoftBank and other established investors will allow us to more rapidly scale our operations, introduce new technology innovations, and expand into new markets.” Wilmington, Mass.-based Symbotic previously announced its planned transaction in December 2021. The company said it provides robots, high-density storage, and machine learning to “reimagine the supply chain” for retail, wholesale, and food and beverage customers. Symbotic ready to scale for supply chains The supply chain industry is experiencing “exponential data growth every year, resulting in increasingly complex distribution challenges,” claimed Symbotic. For the past 15 years, the company…
