Found in Robotics News & Content, with a score of 14.53
May 13, 2022
…industry is another language altogether. Yet 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…
Found in Robotics News & Content, with a score of 14.43
December 13, 2021
…apparel, as well as entering new geographic regions. SoftBank SPAC specifics SVF Investment Corp. 3 (SVFC) is a special-purpose acquisition company (SPAC) sponsored by an affiliate of SoftBank Investment Advisers (SBIA). The transaction values Symbotic at a pro forma enterprise value of $4.8 billion, representing 4.8x Symbotic’s calendar year-end forecast for 2023 estimated revenues, and a pro forma equity value of approximately $5.5 billion. “We believe Symbotic has built an exceptional platform on which to scale, building on the company’s strong revenue, balance sheet, and profitability to thrive as Rick and the team continue to reimagine global supply chains,” said…
Found in Robotics News & Content, with a score of 14.34
November 28, 2021
…completed a $260 million merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. and began trading on the Nasdaq in September. Sarcos doubles footprint Sarcos Robotics' new office, laboratory, and production facility occupies more than 60,000 sq. ft. (5,574.1 sq. m). The company said it expects to increase its headcount by 60% to 70% over the course of 2022. The space, which nearly doubles the size of Sarcos' previous headquarters, includes an extensive test lab and demonstration space for customer use-case validation and trials. The company said it expects to start producing the commercial versions of its Guardian XO battery-powered…
Found in Robotics News & Content, with a score of 13.88
February 18, 2022
…and Akis Tsirigakis, co-CEOs from Cepton's special-purpose acquisition company (SPAC) partner Growth Capital Acquisition Corp., also participated. They were joined by Cepton team members and representatives from strategic partners, investors, and advisors. Cepton said it is focused on mass-market commercialization of high-performance lidar products. It has a center of excellence in Troy, Mich., to provide local support to OEMs and Tier 1 automotive suppliers in the Detroit area. The company also has a presence in Germany, Canada, Japan, India, and China to serve a fast-growing global customer base. The Nova lidar system was recognized as a CES 2022 Innovation Awards…
Found in Robotics News & Content, with a score of 13.67
October 06, 2022
…U.S. Securities and Exchange Commission (SEC). Last year, Berkshire Grey announced its intenttion to merge with special-purpose acquisition company (SPAC) Revolution Acceleration Acquisition Corp. (RAAC) in a deal worth up to $413 million.
Found in Robotics News & Content, with a score of 13.10
December 15, 2021
…announced its plan to merge with special-purpose acquisition company (SPAC) Reinvent Technology Partners Y for $1 billion and be publicly traded. It released a beta version of its Aurora Driver autonomy platform in October. San Francisco-based Uber Freight said it is a logistics broker “that connects shippers with one of the world's largest digitally-enabled carrier networks.” It is a unit of Uber Technologies Inc., which has operations in more than 900 metropolitan areas worldwide. Aurora begins operations with safety drivers in Texas “Last week, Aurora-powered trucks with vehicle operators onboard began autonomously hauling drop-and-hook loads between terminals in Dallas and…
Found in Robotics News & Content, with a score of 13.08
August 22, 2023
…the company went public through a special-purpose acquisition company (SPAC) merger. Leidos continues funding development Leidos is a Fortune 500 technology, engineering, and science solutions and services leader working to solve the challenges in the defense, intelligence, civil, and health markets. The Reston, Va.-based company said its 46,000 employees support missions for government and commercial customers. It reported annual revenues of approximately $14.4 billion for the fiscal year ended Dec. 30, 2022. The $2.1 million in funding for Nauticus was in addition to an earlier $2.7 million award. Leidos has provided the program $16.6 million since 2022. The companies said…
Found in Robotics News & Content, with a score of 12.99
November 10, 2021
…its U.S. operations and Plus calling off its planned SPAC merger. Kodiak Robotics Inc. today announced that it has raised $125 million in an “oversubscribed” Series B fundraising round for a total of $165 million raised to date. The Mountain View, Calif.-based company said it plans to use its latest investment to continue its aggressive growth plans. “Our Series B drives us into hyper-growth so we can double our team, our fleet, and continue to scale our business,” said Don Burnette, founder and CEO of Kodiak Robotics. “We have engineered our industry-leading technology, the Kodiak Driver, in half the time…
Found in Robotics News & Content, with a score of 12.52
June 22, 2021
…before its planned merger with special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V. A filing with the U.S. Securities and Exchange Commission confirmed Bloomberg’s report. Plus said last month that it is set to have a valuation of $3.3 billion, adding $500 million in proceeds to accelerate its expansion. The Cupertino, California-based company is backed by Sequoia Capital and raised $150 million via private investment in public equity, or PIPE, from funds including BlackRock Inc. and D.E. Shaw. Plus plans for mass production Plus, formerly known as Plus.ai, is developing autonomous trucks with the stated mission of making…
Found in Robotics News & Content, with a score of 12.43
August 26, 2021
…publicly listed that it will become publicly listed through a merger with Rotor Acquisition Corp., a special-purpose acquisition company (SPAC). The transaction is expected to close in the third quarter of 2021, at which point the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.”
Found in Robotics News & Content, with a score of 12.34
August 03, 2021
…of view and data rate.” IoT applications for lidar; SPAC merger In addition to advancing OPA technology for automotive applications, Quanergy is offering its lidar for commercial IoT applications. The company recently partnered with shareholder Sensata Technologies on manufacturing. In addition, it cited the following recent IoT deployments: Supplying long-range, 3D lidar to PARIFEX for highway speed detection and enforcement in France Enabling vehicle-to-everything (V2X) smart city deployment in Korea Use by Puxiang BioEnergy to optimize recycling processes and reduce environmental impacts in China In June, Quanergy agreed to merge with CITIC Capital Acquisition Corp., and it plans to be…
Found in Robotics News & Content, with a score of 12.10
September 22, 2021
…with Reinvent Technology Partners Y, a special-purpose acquisition company (SPAC) and will be valued at $1 billion. “This new commercial pilot collaboration demonstrates the excellent progress that PACCAR and Aurora are making in our strategic alliance,” added Rich. FedEx loads autonomously hit the road Starting today, PACCAR’s trucks configured with the Aurora autonomous Driver will haul FedEx loads between Dallas and Houston, a 500-mile round trip, along the I-45 corridor. The trucks will operate autonomously, with a backup driver for additional safety. With annual revenue of $87 billion, FedEx said its 560,000 team members provide customers and businesses worldwide with…
