Found in Robotics News & Content, with a score of 36.19
April 19, 2023
Noah Medical, a developer of medical robotics used for surgery, today announced that it has raised $150 million in Series B funding. The San Carlos, Calif.-based company said it will use the funds to meet the rising demand for the Galaxy System, its next-generation, integrated solution for navigated robotic bronchoscopy. “We are a mission-driven startup and appreciate our investors' support to allow us to scale and deliver on the future of medical robotics,” said Jian Zhang, PhD, Noah Medical founder and CEO, in a statement. “Next-generation robotics platforms like the Galaxy System are filling procedural gaps to provide superior clinical…
Found in Robotics News & Content, with a score of 33.63
September 08, 2023
…well as the commitment from our long-term partner in SoftBank, we are confident we will revolutionize the trucking and freight industries by driving improvements in efficiency and safety and alleviating supply chain constraints for our customers, helping them reach their goals and advance their missions.” In addition to Salesky, Peter Rander, president of Stack AV, and Brett Browning, chief technology officer of Stack AV, have a total of more than seven decades of experience in artificial intelligence, robotics, and autononous vehicle development. Salesky and Rander were co-founders of autonomous trucking company Argo AI LLC, which partners Ford Motor Co. and…
Found in Robotics News & Content, with a score of 31.10
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 30.78
July 25, 2023
SoftBank Group Corp. and Symbotic Inc. yesterday announced that they have established GreenBox Systems LLC, a joint venture to address the more than $500 billion annual warehouse-as-a-service market opportunity. Symbotic also announced a customer contract worth about $7.5 billion with GreenBox, which will be the exclusive provider of its systems and supply chain services to that market. “We are pleased to partner with SoftBank in this venture that accelerates our shared vision to transform the supply chain,” said Rick Cohen, chairman and CEO of Symbotic, in a press release. “GreenBox enables Symbotic to bring the benefits of our technology to…
Found in Robotics News & Content, with a score of 30.37
July 22, 2022
…among the fastest growing categories of industrial automation. JAKA Robotics this week announced that it has successfully completed around $150 million Series D financing in the first half of 2022. The Shanghai-based company said it plans to use the funding to develop new cobots “with more flexibility and intelligence” and continue global outreach. “As a leader in the new generation of cobots, JAKA Robotics has formed nine core technologies and six core algorithms, creating highly flexible intelligent solutions for industrial manufacturing that can be used in a wide range of scenarios,” said Li Mingyang, CEO of JAKA Robotics. “Our cobots…
Found in Robotics News & Content, with a score of 28.17
July 08, 2021
Berkshire Grey Inc., which makes supply chain automation including robotics and artificial intelligence, yesterday announced the completion of its new Robotics Innovation Center and headquarters in Bedford, Mass. The company said the new center will showcase its capabilities for customers, partners, and investors. “Our new Innovation Center is strategically located in the Boston metro area, allowing us to leverage the strong regional talent pool in AI and robotics,” stated Tom Wagner, CEO of Berkshire Grey. “This center provides the space needed to continue our technology development and to help our customers adapt and transform their supply chain operations.” “Competitive pressures…
Found in Robotics News & Content, with a score of 24.85
June 20, 2022
Keenon Robotics was ranked highly in a recent report from International Data Corp., or IDC, entitled “Market Share of Commercial Service Robots in China Catering Industry.” The company was ranked No. 1 in market share and growth in China’s commercial service robots for the catering industry for 2021. The Shanghai-based company had a growth rate of 153.4%, with a market share of 48.6%, almost twice as large as the second largest, Pudu Robotics. “The demand for service robots, such as delivery robots, is growing significantly across many industries, especially catering,” IDC reported. “The catering industry has become one of the…
Found in Robotics News & Content, with a score of 24.19
February 23, 2022
…fast, accurate, and reliable manipulation of variable objects. RightHand Robotics Inc. has raised $66 million to continue developing its piece-picking technology and expanding its partner network and presence worldwide. “This Series C funding round attracted top-tier investors who know the space and share our vision that piece-picking automation enables predictable throughput with lights-out item handling, while meeting customer needs for scalable fulfillment services,” stated Yaro Tenzer, co-founder and CEO of RightHand. “We are eager to continue expanding our solution set and global presence to meet the needs of warehouse operators worldwide.” Harvard Biorobotics Lab, Yale GRAB Lab, and MIT researchers…
Found in Robotics News & Content, with a score of 23.54
June 28, 2022
…resilient and adaptable,” said Sami Atiya president of ABB’s robotics and discrete automation business at the Select USA Tech Summit this week. “While investment in automation plays a key role in flexibility in operations, equally important is investment in education, vocational training, and apprenticeship programs needed to create safer, higher-paying jobs for American workers.” Flexibility a key driver of bringing production back to the U.S. Atiya said the increasing need for flexibility and resilience in production is driving the interest in reshoring/nearshoring and, as a result, the demand for more automation. He underscored the role of robotics in facilitating reshoring…
Found in Robotics News & Content, with a score of 23.40
October 17, 2023
…where there is so much negativity surrounding AI and robotics, RobotLAB sheds light on the positive aspects and how bots like Pepper can further advance our ways and quality of life,” she added. “There is beauty in technological innovations.” Integrator deploys 10,000+ robots “As robotics and AI are central to critical business conversations across countless industries, we are proud to be recognized by Daytime Beauty Awards for our longstanding commitment to the accessibility and acceptance of life-enhancing robotic technology,” stated Elad Inbar, founder and CEO of RobotLAB. “Awareness continues to grow for the tremendous impact robotics and AI are having…
Found in Robotics News & Content, with a score of 23.33
December 19, 2019
The robotics market is set to transform over the next 10 years, based on the most comprehensive robotics tracker yet released by global tech market advisory firm, ABI Research. There will be enormous growth across all subsectors, highlighted in a total market valuation of $277 billion (U.S.) by 2030. That growth will not be distributed evenly, however. By 2022, the burgeoning mobile robotics space will start to overtake the traditional industrial robotics market. Currently, mobile autonomy is concentrated in material handling within the supply chain, but mobile robots are set to touch every sector of the global economy for a…
Found in Robotics News & Content, with a score of 23.18
September 24, 2021
When Modern Materials Handling (a sibling site to Robotics 24/7) is interviewing companies for a “System Report,” one of the questions we always ask is: What were your goals for the project? After all, most distribution teams have a bulleted list of three or four high-level goals for a project or a new facility. Typically, they are along the lines of increase productivity without increasing headcount or improve order fulfillment times by 25%. Every now and then, we come across a company with a far-reaching vision for its operations that extends beyond pick and error rates. For instance, we covered…
