Found in Robotics News & Content, with a score of 1.30
November 15, 2022
…executives Ranpak, JS Capital, Schusterman Family Investments, and Catapult Ventures led Pickle Robot's Series A round. The company has raised a total of nearly $32 million to date. Previous investors that participated in this funding round included Toyota AI Ventures, Third Kind Venture Capital, Hyperplane Ventures, BoxGroup, and Version One Ventures. Omar Asali, chairman and CEO of Ranpak, has joined Pickle’s board of directors as part of the investment deal. “Unloading freight from trucks and containers is a difficult, sometimes dangerous, and always tedious task that is performed in thousands of locations every day,” he said. “Operators around the globe…
Found in Robotics News & Content, with a score of 1.21
August 24, 2023
…legacy technology and repurposed for the monumental task of AI perception processing for autonomous mobility, Recogni's system is purpose-built to overcome compute and power-efficiency barriers,” said the company. Scorpio is the world's first 1,000 TOPS (thousand trillion operations per second or Peta-Op) inference system for autonomous vehicles, claimed Recogni. It is scalable from 500 and 1,000 TOPS to 2,000 TOPS at the highest capacity per Watt in the market, with the lowest latency and zero jitter, it claimed. The Pegasus PCIe (Peripheral Component Interconnect Express) card can process up to four 8-megapixel cameras to provide front and surround views, according…
Found in Robotics News & Content, with a score of 1.07
October 04, 2021
About six years ago, the CEO of Toyota Research Institute published a seminal paper about whether a Cambrian explosion was coming for robotics. The term “Cambrian explosion” refers to an important event approximately half a billion years ago in which there was a rapid expansion of different forms of life on earth. There are parallels with the field of robotics as modern technological advancements are fueling an analogous explosion in the diversification and applicability of robots. Today, we’re seeing this Cambrian explosion of robotics unfolding, and consequently, many distinct patterns are emerging. I’ll outline the top three trends that are…
Found in Robotics News & Content, with a score of 1.03
May 13, 2022
…ETFs, CAGR, and SPACs are just as important as AI, AMRs, or ASRS. What do investors look for in robotics startups, and how can users identify promising or maturing technologies? Rahul Sen Sharma, managing partner at Indxx, has been following robotics, automation, and artificial intelligence with those questions in mind. Founded in 2005, Indxx provides client and custom indexes tracking emerging technologies. The company, which has offices in New York, New Delhi, and Miami, watches market trends to help investors build portfolios such as one around automation. Robotics 24/7 spoke with Sharma about how investors see robotics innovation and applications.…
Found in Robotics News & Content, with a score of 0.91
July 20, 2022
…it has combined psychology, behavioral sciences, and advanced cognitive AI capabilities in ElliQ. The Tel Aviv, Israel-based company said it has designed the robot to empower older adults to have active and connected lives at home, while alleviating the effects of loneliness and social isolation. Intuition Robotics said ElliQ has demonstrated its value as a proactive care companion that serves as a sidekick for healthier, happier aging. The system has spent more than 100,000 days in the homes of older adults, it said. Last month, Intuition Robotics announced that it would provide hundreds of devices to the New York State…
Found in Robotics News & Content, with a score of 0.82
September 05, 2023
…led Mujin's Series C round, along with Pegasus Tech Ventures in Silicon Valley, 7 Industries in the Netherlands, corporate investor Accenture, and angel investor Dr. James Kuffner. Kuffner was Diankov's advisor during his Ph.D. program at Carnegie Mellon University and is now CEO of Woven by Toyota. “This Series C funding is a significant milestone for Mujin, a company that has pioneered intelligent automation technology since 2011,” said Kuffner. “Mujin can accelerate and expand its delivery of truly state-of-the-art advanced industrial robotic solutions to customers globally, strengthening its position as the technology market leader.” SBI Investment stated: “We are very…
Found in Robotics News & Content, with a score of 0.78
January 11, 2024
…Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board. Burro is an autonomy company building the future of work outdoors. The company was founded in 2017 and began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Today, Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and…
Found in Robotics News & Content, with a score of 0.77
November 04, 2021
…and autonomous driving technology developer include major automakers and venture capital firms. “We are honored to have partnered with many leading global automakers and Tier 1 suppliers for strategic investments,” stated Cao Xudong, CEO of Momenta. “This financing marks a milestone for Momenta. The company's autonomous driving products and R&D capabilities have been recognized by customers around the world. The addition of these partners and capital will help us accelerate the implementation of autonomous driving on a larger scale.” Momenta readies for mass production, rapid scaling Momenta claimed that it has taken a “unique, scalable path toward full autonomous driving…
Found in Robotics News & Content, with a score of 0.76
April 15, 2023
…could grow extensively in response to similar market needs. AI, technical advances enable humanoids Technical advances in artificial intelligence will also drive growth in the projections for 2023 to 2032. In addition, the report examines the following: Humanoid robot market size by component (software, hardware, and services) Application (search and rescue, education and entertainment, personal assistance and caregiving, public relations, research and space exploration, and others) Motion type (wheel drive and biped channel) Regions, global industry analysis Market share, trends, and forecast for 2023 to 2032 Leading robot providers Noteworthy companies in the humanoid robotics space include Qihan Technology Co.,…
Found in Robotics News & Content, with a score of 0.66
August 19, 2022
…Recogni is backed by major automotive companies, including BMW, Toyota Ventures, and Bosch. To date, it has raised $74 million. RK Anand started Recogni back in 2017 and ran it as CEO up until October of last year when he stepped down to become chief product officer. Anand said he planned to help the company focus on taking its technology to market. Recogni’s new CEO, Marc Bolitho, just started last month and previously worked at ZF Group, another technology company working on self-driving vehicle systems. Annad recently sat down with Robotics 24/7 to discuss his company’s products and the underling…
Found in Robotics News & Content, with a score of 0.64
July 05, 2021
…in San Francisco, Atlanta, and Greece. Its investors include Toyota AI Ventures, Samsung NEXT, and iRobot, among others. ElliQ designed to promote engagement Primary care providers encounter two major challenges in engaging older adult patients, according to Intuition Robotics. The first is lack of visibility on the accurate state of their patient in between touchpoints. Leading primary care providers have about touchpoint a month with each patient, but most have less than one per year. As a result, day-to-day changes in older adults' clinical conditions are largely unknown, the company said. The second challenge is consistent and timely communication and…
Found in Robotics News & Content, with a score of 0.60
March 15, 2022
…empathy to foster collaboration and trust, while employing the AI’s character and multi-modal communication ability in generating unprecedented levels of engagement that successfully affect behavior change.” What was the hardest part of bringing ElliQ to market—identifying user needs, developing the technology, or scaling production? “It was getting the product to the point where we have high confidence that it will be a commercial success,” Skuler told Robotics 24/7. “This is the first time someone has created a robot that engages with people for the long term—already three years and above—and creates relationships.” Founded in 2016, Intuition Robotics has won several…
