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 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 36.20
April 06, 2021
…makes automated storage and retrieval systems, yesterday announced that SoftBank Group Corp. will spend $2.8 billion to acquire 40% of the company from funds affiliated with Thomas H. Lee Partners L.P. and EQT Private Equity, among other shareholders. AutoStore said the funding will enable it to accelerate its global expansion, “with particular emphasis on the Asia-Pacific region.” Nedre Vats, Norway-based AutoStore was founded in 1996 and develops proprietary software and hardware to make warehouse operations more efficient. The company claimed that its Cube Storage Automation is “the densest storage technology.” AutoStore said that more than 20,000 of its robots are…
Found in Robotics News & Content, with a score of 7.03
February 24, 2021
…shareholders Khosla Ventures, New Enterprise Associates, Canaan Partners and SoftBank Group Corp. rolling 100% of their equity into the combined company. The PIPE is anchored by Chamath Palihapitiya, Founder and CEO of Social Capital, Hedosophia and funds and accounts managed by BlackRock. At closing, BG expects to have approximately $507 million cash, which will be used to fund operations and support new and existing growth initiatives, and no debt on its balance sheet. All references to available cash from the trust account and retained transaction proceeds are subject to any redemptions by the public shareholders of RAAC and payment of…
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 32.21
September 14, 2020
…UK-based Arm is owned by the Japanese telecommunication giant SoftBank. SoftBank paid $32 billion to purchase it in 2016. In June, news emerged that SoftBank was exploring the option to sell Arm or make an IPO. When NVIDIA's acquisition is completed, SoftBank would have netted $8 billion from is four-year ownership and sales of Arm. According to NVIDIA's blog post, “NVIDIA will expand Arm’s R&D presence in Cambridge, UK, by establishing a world-class AI research and education center, and building an Arm/NVIDIA-powered AI supercomputer for groundbreaking research. NVIDIA will continue Arm’s open-licensing model and customer neutrality and expand Arm’s IP…
Found in Robotics News & Content, with a score of 8.86
December 19, 2019
…scrubbers in U.S. retail stores and commercial buildings. With Softbank’s deployment of mobile cleaners for offices being rolled out in Asia and the United States, cleaning robots will become a common sight within the service economy. Even more esoteric form factors, like quadrupeds, are expected to increase significantly for data collection purposes, particularly for real estate, construction, and industrial inspection. ABI Research predicts that quadrupeds, exemplified by vendors like Boston Dynamics, Zoa Robotics, ANYbotics, and Ghost Robotics, will increase to 29,000 yearly shipments by 2030. “As mature sectors of the robotics industry achieve growth more in line with established technology…
Found in Robotics News & Content, with a score of 4.14
December 02, 2019
…just got a $940 million in financing from Japan’s SoftBank Vision Fund and has partnered with Kroger to deliver the groceries and with Domino’s to deliver the pizzas. KiwiBot is providing similar services for the university campus. The University of California at Berkeley and the University of California, Los Angeles were two of the earliest colleges to welcome the food delivery robots, KiwiBot. Drones as enablers for the future of logistics Companies such as DHL and Amazon are testing drones for last mile delivery. DHL has already tested Parcelcopter, a Microdrones md4-1000 UAV to deliver a package. Boeing has come…
Found in Robotics Companies & Businesses, with a score of 31.93
February 21, 2019
…machine learning and computer vision systems for the next generation of self-driving robots. Brain Corp is funded by the Softbank Vision Fund and Qualcomm Ventures, the investment arm of mobile technology leader, Qualcomm Inc. AI platform for the development, deployment, and management of intelligent machines
Found in Robotics Companies & Businesses, with a score of 30.69
March 02, 2016
…a majority interest in Boston Dynamics and now holds 80% of the company, which operates as an independent business. SoftBank holds the remaining 20% through a subsidiary.
