Found in Robotics News & Content, with a score of 15.69
July 13, 2022
…is working on a project with MONET Technologies and SoftBank for an international route in Tokyo. A Toyota Sienna Autono-MaaS equipped with May Mobility’s ADK will launch this fall as part of a new public on-demand AV deployment. Source: May Mobility Investors support 'driver-out' operations May Mobility said its Series C round brings its total funding to date to $194 million. The company said it plans to increase its engineering headcount, expand its global customer base, enhance rider experiences, and further invest in technology advancements. “With this round of funding, May Mobility has doubled down on its commitment to driver-out…
Found in Robotics News & Content, with a score of 15.67
August 22, 2021
…the reality meets expectations. As the recent cessation of SoftBank's Pepper service robot line shows, most humanoids are not yet rugged, dexterous, or affordable enough to be commercially viable or useful for multiple tasks. Combining locomotion, a humanoid design, mobile manipulation, and a smooth user interface is a still a tall order. As with the concept of multipurpose household robots, the hardware of humanoids would need artificial general intelligence (AGI) to be able to generalize lessons and be flexible and capable. Today, researchers and developers expect to distribute the computing for AI between the cloud and edge devices. Humanoid robots…
Found in Robotics News & Content, with a score of 15.06
February 23, 2022
…Safar Partners, Thomas H. Lee Partners (THL), and the SoftBank Vision Fund led RightHand's latest funding, which brings its valuation to $240 million. Tenzer said he expects the company make $10 million in revenue this year. Zebra Technologies, Epson, and Global Brain also join the Series C round, along with previous investors GV (Google Ventures), F-Prime Capital, Menlo Ventures, Matrix Partners and Future Shape. Menlo Ventures and Playground Global led previous rounds. “The RightHand Robotics piece-picking solution has demonstrated year after year that autonomous robots are vital to solving the challenges of organizations from retail to pharmacy,” said Arunas Chesonis,…
Found in Robotics News & Content, with a score of 14.71
July 08, 2021
…the company has subsidiaries in Canada and Japan, where it is building a third-party logistics service (3PL) facility with SoftBank Robotics Corp. “The new center complements other design and test facilities in the region and provides a focal point for customers, investors, and technical activities,” said Berkshire Grey. In February, Berkshire Grey entered into a definitive agreement with Revolution Acceleration Acquisition Corp. (RAAC), a special-purpose acquisition company (SPAC). The merger is expected to result in Berkshire Grey becoming a publicly listed company early in the third quarter of this year, subject to the satisfaction of customary closing conditions, including approval…
Found in Robotics News & Content, with a score of 14.42
April 19, 2023
…and that it has initiated first-in-human trials at Macquarie University Hospital in Sydney, Australia. The funding was led by Softbank Vision Fund, and co-led by Prosperity7 Ventures, the oversubscribed round also included investments from Tiger Global, and existing investors including Hillhouse, Sequoia China, Shangbay Capital, Uphonest Capital, Sunmed Capital, Lyfe Capital, 1955 Capital, AME cloud ventures, as well as undisclosed strategic investors.
Found in Robotics News & Content, with a score of 14.11
September 24, 2021
…to Masashi Okabe, project manager and production engineer at SoftBank Robotics (SBR), and Taro Ito, the robot quality assurance/control and software lead for SBR. They have designed a new 600,000-sq.-ft. SB Logistics distribution center (DC) in Ichikawa City, Japan, about 10 miles from Tokyo. Both companies are part of SoftBank Group: SB Logistics is a third-party logistics (3PL) provider for e-commerce fulfillment, and SoftBank Robotics is SoftBank Group’s robotics division. DC design had to align with greater goals When Okabe, Ito, and their team began to work on the design for picking and packing processes for the facility, key performance…
Found in Robotics News & Content, with a score of 12.96
December 28, 2021
…Jinrui led the two rounds of YouiBot's Series B financing. Other investors included IDG, Pine Venture, SIG, BlueRun Venture, SoftBank, and HAX. TAIHECAP was designated as the exclusive financial advisor. Previous investors included ZhenFund, C&I Capital, INNO, BOLE and XJTU 1896. YouiBot said it plans to focus on precision manufacturing and the energy industry by continuing its advances in production scenarios, planning algorithms, and robotics hardware. The company also said it will “expand its mature scenario experience into new scenes and further quicken the pace of overseas market expansion.”
Found in Robotics News & Content, with a score of 12.92
January 09, 2023
…date. Monceaux previously worked at Aldebaran (later acquired by SoftBank) and helped create the humanoid robots Nao and Pepper. With Miroki, Monceaux told Robotics 24/7 he is hoping to combine his years of experience and offer customers a robot that can easily navigate an environment and collaborate smartly with humans. The robots use artificial intelligence to understand prompts such as “Take all these objects back to their places,” “Move this tray to a new room every hour,” and “On Monday morning at 9:00 a.m., take your trolley back to the pharmacy.” Enchanted Tools said it is testing the robot at…
Found in Robotics News & Content, with a score of 12.91
May 28, 2021
…3PLs and others to invest in automation. Last month, SoftBank invested NOK 25 billion ($2.8 billion U.S.) in AutoStore, increasing the company's valuation to NOK 65 billion ($7.7 billion). “The demand for automated solutions in the retail trade and an increasing uptake of e-commerce by consumers means that the market for automated warehousing solutions is strong,” said Lier. “In addition to the fact that AutoStore represents a unique and efficient technology, it is actually players such as DSV that are the main argument for AutoStore and Element Logic’s eManager software. Our technology is flexible and scalable. Companies using our solution…
Found in Robotics News & Content, with a score of 12.26
June 20, 2022
…round led by Alibaba's exclusive strategic financing and the SoftBank Vision Fund. The company achieved successful results and was ranked on the Hurun “global unicorn company” list last year. Meanwhile, Keenon Robotics was named one of the top 10 “best investment cases in advanced manufacturing” by the CVINFO 2021 Annual List. The company has launched with six global business areas: North America, Europe, the Asia-Pacific, South America, the Middle East, and Africa. In these areas, Keenon Robotics said it is cooperating with large local multinationals on strategic development to continue supporting the world with commercial service robots. Keenon Robotics said…
Found in Robotics News & Content, with a score of 11.83
July 18, 2022
…record numbers of the Whiz autonomous vacuum with partner SoftBank Robotics. Pinn brings experience to Brain Corp Pinn holds a Bachelor of Science degree in electrical engineering from the University of Texas at Austin and a Masters in Business from the Haas School of Business at the University of California, Berkeley. He was a co-founder of Snaptracs, Qualcomm’s consumer electronics subsidiary. Pinn oversaw the successful sale of the business, which led to a merger with Whistle and a $117 million acquisition by Mars. David Pinn. Source: LinkedIn Prior to joining Brain Corp, Pinn was head of finance for Antenna79, a…
Found in Robotics News & Content, with a score of 11.74
February 03, 2023
…3. That SPAC was sponsored by an affiliate of SoftBank Investment Advisors (SBIA), and Symbotic began publicly trading its stock. “In addition to our 168% annual revenue growth, gross margin improved and operating expenses, excluding stock-based compensation, declined sequentially,” said Tom Ernst, chief financial officer of Symbotic. “We initiated a record six system deployments during the first quarter as we continue to rapidly scale operations and deliver for our customers,” he added. “Cash, cash equivalents, and marketable securities on hand increased by $94.1 million from the prior quarter to $447.5 million, leaving us well capitalized to execute our growth strategy.”…
