Found in Robotics News & Content, with a score of 7.09
April 14, 2021
…Meituan and Tencent. The company previously announced $22 million in Series B+ financing led by Broad Vision Funds and China Capital Management in September 2020. In 2018, Gaussian Robot reportedly completed Series A financing worth tens of millions of dollars, and it raised $15.4 million in funding a year ago. The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 29% to reach $11 billion by 2030, predicts Guidehouse Insights. However, it's too soon to tell what the long-term impact will be of the COVID-19 pandemic on institutional cleaning.
Found in Robotics News & Content, with a score of 3.96
April 09, 2021
…That nightmare was compounded by an economic recession and U.S.-China trade tensions. Virtually overnight, automation converted from a “nice to have” pilot or public relations coup to a life raft. Enterprise customers are willing to devote more resources to automation, even if it means lowering the ROI threshold or giving it more time to prove itself. However, they have not lowered that threshold to zero. AI and autonomy are being commoditized Many excellent teams are developing artificial intelligence and autonomous systems. Not only are new players entering the market in record numbers, but key factors in AI development like machine…
Found in Robotics News & Content, with a score of 13.29
April 09, 2021
…use. Bill Huang, founder and general manager of the China Mobile Research Institute, founded CloudMinds in 2015. The company has more than 1,800 patents and claimed that it is developing an “open end-to-end cloud robot system.” CloudMinds provides service robots that use cloud computing for retail, education, healthcare, and hospitality. Its offerings include the wheeled humanoid XR-1 Service Robot, the Cloud Patrol 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…
Found in Robotics News & Content, with a score of 4.48
April 08, 2021
…on Foreign Investment in the U.S. “has identified TuSimple as a company meriting review because of its ties to China and because autonomous driving technology is considered a critical technology for the Department of Defense,” reported The Wall Street Journal last month. Morgan Stanley, Citigroup, and J.P. Morgan will act as lead book-running managers for the proposed offering. Other recent deals in autonomous vehicles include Nuro's $500 million Series C, Einride's $75 million in financing, and the $220 million in funding for Plus.
Found in Robotics News & Content, with a score of 10.87
April 07, 2021
…and Chicago, as well as manufacturing facilities in Wuxi, China. Wuhan, China-based Geosun's intellectual property is dedicated to the application of GNSS (Global Navigation Satellite System), INS (inertial navigation systems), and GIS (geographic information system) expertise. The company said it focuses on satellite and integrated navigation positioning. It also develops, produces, and sells lidar scanners, POS systems, and PPK (post-processed kinematic) and RTK (real-time kinematic) equipment. Geosun to use IMUs in lidar scanners Geosun is integrating ACEINNA’s OpenIMU330BI and IMU383 inertial measurement units (IMUs) into lidar systems that are used to help navigate and guide airborne drone systems, especially those…
Found in Robotics News & Content, with a score of 12.18
April 07, 2021
…EDDA Technology's subsidiaries include Shanghai-based EDDA Technology Ltd., Suzhou, China-based EDDA Technology Medical Solutions Ltd., and Princeton, N.J.-based EDDA Technology Inc. EDDA Technology develops end-to-end platform EDDA said its 3D medical imaging systems and end-to-end services can support physicians and enable improved workflow and patient care in robotic surgery. The company's commercial IQQA platform supports pre-surgical planning and simulation, intra-operative navigation, and post-operative evaluation. Hundreds of hospital departments have adopted the IQQA products and services, including Mayo Clinic in the U.S. and Peking Union Medical College Hospital, West China Hospital, and Shanghai Ruijin Hospital in China, said EDDA. In 2020,…
Found in Robotics News & Content, with a score of 6.19
March 31, 2021
…a vaccine, has been working on inoculation booths in China. Its kiosks are a higher-tech version of a photo booth. Patients can enter, get their temperature checked, respond to a digital questionnaire, and then receive the injections. The whole process takes about 10 minutes. If it works, it could be a game changer, though there's not word of it reaching the U.S. just yet. Panfi booth at China International Import Expo in Shanghai last November. Source: Sixth Tone Accelerated testing? An important part of monitoring and managing infected populations is a robust COVID-19 testing program. Conducting these tests requires a…
Found in Robotics News & Content, with a score of 4.62
March 30, 2021
…even before the pandemic because of factors such as China-U.S. trade tensions. How quickly do you expect it to return to steady growth? Guerry: This is exactly right. In 2019, we were feeling the slowing related to trade tensions and changes in the automotive industry related to EVs [electric vehicles]. The slowdown was coming off an all-time high in 2018, but robot deployments remained at a high level, even with trade tensions and changes in the automotive industry. With the challenges of 2019, the worldwide operational stock reached a high of 2.7 million robots, which equals a 12% growth year…
Found in Robotics News & Content, with a score of 6.75
March 30, 2021
…on logistics and supply chain operations, said the Shenzhen, China-based company. “With an increasingly aging population worldwide, automation is the future of warehousing,” stated Richie Chen, founder and CEO of HAI Robotics. “However, many warehouses still haven't adopted automation. Many warehouse automation solutions fail to meet the requirements of customers, such as short construction time, low cost, high storage capacity, and high efficiency, and HAI Robotics helps to optimize these crucial requirements.” Founded in 2016, HAI Rrobotics said it is committed to providing efficient, intelligent, flexible, and customized warehouse automation through advanced robotics technology and AI algorithms. The company developed…
Found in Robotics News & Content, with a score of 12.80
March 27, 2021
…Express has chosen it for what it described as China's first commercial freight pilot with supervised autonomous trucks. As part of the ongoing pilot, Plus is running its autonomous trucks on two long-haul routes—900 miles round trip between Wuhan and Wuxi and 1,000 miles round trip between Changshu and Wuhan. Cupertino, Calif.-based Plus, formerly Plus.ai, was founded in 2016 by a group of serial entrepreneurs and industry veterans, each with more than 20 years of experience in high tech and artificial intelligence. The company said it has developed full-stack, self-driving technology to enable large-scale autonomous commercial transport. Plus is working…
Found in Robotics News & Content, with a score of 4.60
March 25, 2021
…in Europe, the Asia-Pacific region, and Latin America. Hangzhou, China-based Libiao Robotics integrates logistics automation with research and development, production, and sales of intelligent sorting systems. The company's core business is focused on parcel sorting after order picking. It has developed a range of sorting robots, especially for tabletop sortation. Libiao Robotics said it has successfully deployed more 15,000 sorting robots around the world in the past five years. They serve the postal, supermarket, shoes and apparel, medicine, catering, cold storage, jewelry, education, manufacturing, and publishing industries. Libiao to power K.Move AutoSort Mobile Körber said that Libiao's autonomous mobile robots…
Found in Robotics News & Content, with a score of 2.66
March 24, 2021
…slowdown last year because of U.S. trade disputes with China and supply chain disruptions from the COVID-19 pandemic, many e-commerce and logistics providers have described an acceleration of demand. Increases that were predicted for five years coincided first with staffing shortages and then the need for social distancing. “A lot has changed in the past year,” acknowledged Prather. “The pandemic may have brought attention to end users on how to do this. Do you want to be the last holdout for automation?” “Where is your industry in this journey?” he asked. “Manufacturing is even further ahead than my industry—they see…
