Found in Robotics News & Content, with a score of 27.03
December 09, 2021
…of environments, weather conditions, and use cases,” said Lacaze. SoftBank and Luminar work with Robotic Research SoftBank Vision Fund 2 and Enlightenment Capital led Robotic Research's Series A round. Other investors included Crescent Cove Advisors, Henry Crown and Co., and Luminar Technologies Inc. “We believe that autonomous vehicle technology has the potential to reshape how goods and people are moved around,” said Akshay Naheta, senior vice president of SoftBank Group Corp. and former managing partner at SoftBank Investment Advisers. “Robotic Research has a track record of operating in the commercial sector and has built a differentiated autonomy solution by focusing…
Found in Robotics News & Content, with a score of 26.46
December 11, 2020
Hyundai Motor Group and SoftBank Group today agreed on the main terms of a transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed. Under the agreement, Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after…
Found in Robotics News & Content, with a score of 25.65
November 10, 2021
…lifts at a Singapore National Gallery Event. The robots mapped the facility and interacted through application programming interfaces (APIs). SoftBank among funding leaders Capital Today, SoftBank Vision Fund 2, Meituan, and other investors participated in Gaussian's Series C round. The company did not disclose its current valuation, reported Reuters. In April, Gaussian Robotics raised $100 million in Series B funding. The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 22.8%, growing from $8.9 billion in 2021 to $24.8 billion in 2026, estimated Markets and Markets.
Found in Robotics News & Content, with a score of 25.10
April 09, 2021
…security robot, and Cloud Pepper, a humanoid made by SoftBank Robotics. It has offered them through a robotics-as-a-service (RaaS) model. In addition, the company makes networking equipment, cloud-based vending machines, smart joint actuators, and temperature measurement systems that can be mounted on stationary or mobile devices to detect symptoms of illness. CloudMinds said it has served more than 80 hospitals and clinics during the COVID-19 pandemic. Although many industry analysts acknolwedge that humanoid robots with general artificial intelligence are a ways off, the ability to connect to the cloud is widely viewed as a way to add capabilities to devices…
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…
Found in Robotics News & Content, with a score of 23.53
September 13, 2021
…a $220 million Series C funding round led by SoftBank Vision Fund 2. The robotics software startup claimed to be “the only unicorn in the intelligent robotics field with a valuation exceeding US$1 billion globally.” Agile Robots said it will use the financing for product development, mass production, and sales expansion. “With the unique technology by combining a robotic OS [operating system] and the world's leading sensitive robots, Agile Robots is seeking fundamental breakthroughs in robotics,” said Dr. Zhaopeng Chen, the founder of Agile Robots. He added that it is “applying the next generation of robots to intelligent precision assembly…
Found in Robotics News & Content, with a score of 23.10
April 07, 2021
…has also cleared the product. Investors support precision surgery Softbank Vision Fund 2 led the investment round with participation from OrbiMed and 3W Fund. The company's existing investors include Morningside Ventures, Matrix Partners China, SBCVC, BOCGI, Trust Bridge, and Draper Dragon. “This round of investment from Softbank Vision Fund 2, OrbiMed, and 3W, with their vision and market insight, will further accelerate the company's strategic growth,” said Dr. Dr. Jianzhong Qian. “[It will] further support the company to continuously lead technological innovation in precision surgery, capture the untapped market of intelligent surgical robots including hospitals in second- and third-tier cities,…
Found in Robotics News & Content, with a score of 22.37
March 17, 2022
…company released the robot in 2020 in partnership with SoftBank Robotics Group. The AMR uses artifical intellgence and self-driving technology to help it navigate environments, according to Bear Robotics. Mobile waiter at your service The company said casinos, senior living center facilities, and corporate campuses have used its service robots. “Having started my own restaurant years ago, I learned firsthand just how hard things could get,” said John Ha, co-founder and CEO of Bear Robotics. “I thought there must be a way to automate some of these repetitive tasks without losing what makes a restaurant great. That’s why we created…
Found in Robotics News & Content, with a score of 21.24
June 28, 2021
…provide insights to ultimately improve surgical care, said CMR. SoftBank Vision Fund 2ii leads round SoftBank Vision Fund 2ii led CMR's Series D round, which was co-led by Ally Bridge Group. Other new international investors included RPMI Railpen, Tencent, and Chimera, broadening the geographic scope of the company's shareholder base. “Demand for minimally invasive robotic surgery is growing rapidly among surgeons and patients, yet high costs have historically hindered adoption,” said Yanni Pipilis, managing partner for SoftBank Investment Advisers. “CMR Surgical is transforming surgical robotics to convert underpenetrated open and laparoscopic procedures in new international markets where robotic surgeries are…
Found in Robotics News & Content, with a score of 19.27
December 13, 2021
…to take Symbotic to the next level,” Cohen added. “SoftBank has tremendous experience investing in leading-edge artificial intelligence and robotics innovators, and our partnership with them will provide us with new insights, relationships, and capital that will help us realize our full potential. Together, I’m confident Symbotic will be a powerful, long-term force in modernizing the supply chain to the benefit of all.” Software acts as AI 'conductor' for Symbots Symbotic's AI-powered software acts as the conductor of a fleet of Symbots, autonomous mobile robots (AMRs) that receive, store, and retrieve a virtually unlimited number of products. The company said…
Found in Robotics News & Content, with a score of 19.06
November 03, 2021
…U.S. Financial and strategic investors included Google, Kroger, and SoftBank. “We’re thrilled to have the backing of these prominent investors and world-class companies, and honored that they support our vision of improving communities and revitalizing local commerce,” said Dave Ferguson, co-founder and president of Nuro. “We believe this investment will allow us to accelerate our commercialization strategy and better everyday life with Nuro’s technology.” Mountain View, Calif.-based Nuro said its custom electric autonomous vehicles are designed to bring everything from produce to prescriptions right to customers' homes. The company claimed that its alternative to driving is convenient and environmentally friendly…
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…
