Found in Robotics News & Content, with a score of 18.83
January 26, 2022
…worldwide more resilient. Investors look to supply chain shift Tiger Global Management led Vecna Robotics' Series C round, with additional funding from new investors Lineage Logistics, Proficio Capital Partners, and IMPULSE. The company's existing investors include Blackhorn Ventures, Highland Capital Partners, Tectonic Ventures, Drive Capital, and Fontinalis Partners. “Shifts in the labor market are accelerating the need for automation throughout the global supply chain,” said Griffin Schroeder, partner at Tiger Global. “Vecna Robotics is very well-positioned to help companies in warehousing, manufacturing, and distribution meet this challenge head on with truly intelligent automation for pallet-sized loads.” “Medium- to large-sized warehouse…
Found in Robotics News & Content, with a score of 17.17
January 25, 2022
…robotics-as-a-service (RaaS) model. Electric Sheep to invest in staff Tiger Global led Electric Sheep Robotics' Series A round. The company has raised $25.7 million to date and claimed that it is currently the best-capitalized autonomous mowing start-up with the largest number of commercial customer deployments. “Automation of the $115 billion outdoor maintenance market is an enormous opportunity hiding in plain sight,” said Griffin Schroeder, a partner at Tiger Global. “Electric Sheep is leading the way with fully autonomous solutions. We are excited to invest and help them grow their leadership position.” Other investors include Foundation Capital, which led Electric Sheep's…
Found in Robotics News & Content, with a score of 10.92
January 08, 2022
…for safe autonomy at high speeds. TII provided its global expertise in automation and robotics as partner in TII EuroRacing, one of the teams competing at the Consumer Electronics Show (CES). Autonomous racers line up Two years ago, 41 university teams responded the IAC's initial call to action. They represented engineering and technology programs from 14 U.S. states and 11 countries. The IAC said last year's Indy Autonomous Challenge Powered by Cisco was the first high-speed autonomous racecar competition. This week, nine teams from eight countries representing 19 universities came to Las Vegas seeking to compete in the Autonomous Challenge…
Found in Robotics News & Content, with a score of 26.49
November 18, 2021
…weeks instead of months or years. Even with the global robotics market growing at an annual rate of 26%, automation deployments have not been fast enough for most companies to adapt to supply chain and staffing challenges they have experienced over the past 18 months, said the company. “The reason is the lack of interoperability,” said A.K. Schultz, co-founder and CEO of SVT Robotics. “The demand for industrial automation is even higher, but industry growth has been limited by capacity to execute.” “Integrations are typically all custom-coded, meaning long development cycles,” he said. “It’s expensive, and companies wait as much…
Found in Robotics News & Content, with a score of 21.46
November 03, 2021
…by the COVID-19 pandemic. Investors look to local delivery Tiger Global Management led Nuro's Series D round. Baillie Gifford, Fidelity Management & Research Co., Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates Inc., Toyota's Woven Capital unit, and other existing investors participated. Nuro raised $500 million in Series C funding a year ago. “The arrival of ubiquitous on-demand e-commerce is changing the way we access goods,” said Griffin Schroeder, partner at Tiger Global. “Demand for local deliveries is exploding. Nuro is the bridge to an era of sustainable, low-cost, autonomous local…
Found in Robotics News & Content, with a score of 34.94
September 14, 2021
…of warehouse workers is needed to support e-commerce growth, global brands are seeking assistive automation to increase throughput and safety for warehouse associates. Ambi Robotics today said it has closed its $26 million Series A funding round. The Emeryville, Calif.-based company has developed simulation-to-reality artificial intelligence for highly dexterous robots. “Ambi Robotics combines cutting-edge AI technology with engaging user interfaces to transform the role of ‘item handlers’ to ‘robot handlers,’” said Jim Liefer, CEO at Ambi Robotics. “With our Series A funding, we will be able to empower more companies to help their associates work harmoniously alongside robots.” The new…
Found in Robotics News & Content, with a score of 30.91
September 14, 2021
…has secured an additional $50 million in investment from Tiger Global Management LLC. Wilmington, Mass.-based Locus said it will use the funding to facilitate continued expansion into new markets worldwide, as well as to meet the needs of its growing customer and partner ecosystem. “At a time of increasing volumes and ongoing labor shortages, this new round of funding underscores how critical flexible, scalable, intelligent robotics automation has become to the warehouse and the supply chain,” stated Rick Faulk, CEO of Locus Robotics. “Locus is uniquely positioned to drive digital transformation in this enormous global market.” Locus Robotics said its…
Found in Robotics News & Content, with a score of 16.34
August 18, 2021
…Investors support solutions for smaller factories Kleiner Perkins and Tiger Global led Rapid Robotics’ Series B round, with participation from existing investors NEA, Greycroft, Bee Partners, and 468 Capital. After Series A funding in April, he latest round bringing its total funding to $54.2 million. “With the RMO, Rapid Robotics has come up with the right product at the right time,” said Wen Hsieh, general partner at Kleiner Perkins. “Rapid Robotics pinpointed an urgent problem in a multi-billion-dollar industry and solved it in a matter of months. They’ve found the perfect balance of innovation, affordability, and ease of implementation and…
Found in Robotics News & Content, with a score of 10.54
July 22, 2021
…data company for the built world, and propels the global property market into the future,” stated RJ Pittman, CEO and chairman of the board of directors of the combined company. “We’re at the dawn of a new era for what’s possible when buildings become data. To capitalize on this extraordinary market opportunity, we plan to increase our investment in our customers’ success, scale innovation and R&D, and accelerate growth through our spatial data platform for the 20 billion spaces around the world.” The company introduced the Matterport Pro camera about a decade ago, and its digital library is growing by…
Found in Robotics News & Content, with a score of 27.26
July 20, 2021
…and compete,” said Diane Larkin, executive vice president of global operations at Valmont Industries. “Path Robotics brings fully autonomous welding to bear on our factory floors.” Investors support application expansion Tiger Global led Path Robotics' Series C round, with participation from existing investor Addition, as well as Silicon Valley Bank. Path said it is continuously innovating to further expand its offerings beyond welding for customers. “Path’s innovative approach to computer vision and proprietary AI software allows robots to sense, understand and adapt to the challenges of each unique welding project,” said Griffin Schroeder, a partner at Tiger Global. “We believe…
Found in Robotics News & Content, with a score of 13.85
June 16, 2021
…advised by T. Rowe Price Associates Inc., Temasek, and Tiger Global invested in the company. Other companies that have obtained billions in investment include Uber, Didi Chuxing, Tesla, and Cruise. The global market for autonomous vehicles will experience a 64.5% compound annual growth rate (CAGR) between 2020 and 2027, said Precedence Research. Similarly, Grand View Research predicted a 63.1% CAGR, from about 6,700 units in 2020. “Experience has taught us so much, and we agree with those experts who say there’s no greater challenge in artificial intelligence than building and deploying fully autonomous technology at scale,” said Tekedra Mawakana and…
Found in Robotics News & Content, with a score of 16.68
February 18, 2021
…announced $150 million in Series E funding, led by Tiger Global Management and BOND. The round builds on support from existing investors including Scale Venture Partners and Prologis Ventures, the venture capital arm of Prologis, a global leader in logistics real estate. “This new round of funding marks an important inflection point for Locus Robotics,” said Rick Faulk, CEO of Locus Robotics. “Warehouses facing ongoing labor shortages and exploding volumes, are looking for flexible, intelligent automation to improve productivity and grow their operations. Locus is uniquely positioned to drive digital transformation in this enormous global market.” Locus will use the…
