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 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 4.40
May 06, 2022
…partner in the quest for self-driving cars and trucks. Apex.AI Inc. yesterday announced that Daimler Truck AG has made a strategic investment in the company. It did not specify the monetary value. “This strategic investment from Daimler Truck demonstrates its forward-thinking nature by ensuring that our scalable applications continue to drive software-defined vehicle development for the entire industry,” stated Jan Becker, co-founder and CEO of Apex.AI. “Our powerful solutions are purposely designed with simplicity in mind. That’s the approach that’s changing the way companies in a wide range of industries develop their future vehicle technologies.” Palo Alto, Calif.-based Apex.AI also…
Found in Robotics News & Content, with a score of 8.72
March 18, 2022
Toyota Ventures yesterday launched its third global “call for innovation” to search for early-stage companies that can help make the “factory of the future” a reality sooner. Qualified entrepreneurs can apply for an opportunity to receive between $500,000 and $2 million in funding from Toyota Ventures. “We take a founder-first approach to investing, partnering with entrepreneurs to help them bring disruptive technologies and business models to market more quickly,” said Jim Adler, founding managing director of Toyota Ventures. “With the 2022 call for innovation, we are looking to support talented startup teams that are developing smarter and more sustainable factories…
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…
Found in Robotics News & Content, with a score of 0.56
January 14, 2022
…secured funding from global brands including Ingram Micro and Toyota. The company has added a number of experts in commerce and robotics to its team as it prepares to go to market. HDS Global’s company directors include Craig A. Leavitt, former CEO of Kate Spade, and Sujeet Chand, chief technology officer (CTO) of Rockwell Automation. HDS Global said its advisors include Bob DiRomualdo, chairperson and CEO of Naples Ventures and former chairman of the board of directors at Ulta Beauty, plus Rudy Salas, former senior vice president of bottler strategy at Coca-Cola. HDS Global announced the appointment of several veterans…
Found in Robotics News & Content, with a score of 2.65
December 14, 2021
Apex.AI Inc., which has developed safety-certified software for mobility and autonomous applications, today said it has raised $56.5 million in Series B funding. The company said it plans to use the financing to scale up globally and expand into new markets. “Disruptions in mobility such as self-driving, connected vehicles, e-mobility, and shared mobility all rely on software but lack a unified platform, which prevents integrated development across the vehicle,” stated Jan Becker, co-founder and CEO of Apex.AI. “We introduced Apex.OS as the first mobility software platform that can integrate across all in-vehicle domains and extend into the cloud to solve…
Found in Robotics News & Content, with a score of 0.59
November 09, 2021
…of Motional. Motional began in 2020 as a joint venture between Hyundai Motor Group and Aptiv and is developing SAE Level 4 autonomous robotaxis. The Boston-based startup said it has set industry milestones including the first fully autonomous cross-country drive in the U.S, the world's first robotaxi pilot, and the operation of a fleet conducting over 100,000 public rides. “Lyft’s powerful network is the ideal platform for deploying autonomous vehicles at scale. Motional’s driverless tech, combined with Lyft’s marketplace engine, brings us firmly into the self-driving future,” said Logan Green, co-founder and CEO of Lyft. “We can’t wait for riders…
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 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 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 10.23
June 04, 2021
Toyota Motor Corp.'s first standalone, early-stage venture capital firm, Toyota AI Ventures, yesterday said it will change its name to Toyota Ventures and grow its total assets under management to more than $500 million. The addition of two $150 million early-stage funds—the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund—reflect its commitment to partnering with entrepreneurs and innovators, as well as its support of environmental sustainability, said the company. “Startups are tackling the world's challenges, and at Toyota Ventures we want to open even more paths to investing in them,” stated Jim Adler, founding managing director of Toyota…
