Found in Robotics News & Content, with a score of 2.56
November 20, 2024
Cambridge, Mass. based Pickle Robot, a developer of “Physical AI” delivering robotic automation systems that unload trucks, announced it has raised $50 million in Series B funding with participation from a strategic customer, Teradyne Robotics Ventures, Toyota Ventures, Ranpak, Third Kind Venture Capital, One Madison Group, Hyperplane, Catapult Ventures and others. Additionally, Pickle announced that it received orders from six customers in the third quarter of 2024 for over 30 production robots. The company expects these robots to deploy in the first half of 2025. Funding will be used on current, new technology The new orders include pilot conversions, existing…
Found in Robotics News & Content, with a score of 2.99
March 25, 2024
…announced a $3.5M Seed+ fundraising round led by Cybernetix Ventures and KST Invest GmbH, with participation from Yamaha Motor Ventures and Digital Media Professionals (DMP). Cambrian said this investment will propel its AI platform, enabling industrial robot arms to perform vision-based tasks across a variety of industries. “We are incredibly excited about the possibilities that our recent fundraising opens up,” said Miika Satori, CEO of Cambrian Robotics. “Our primary goals are to enhance the scalability of the product and strengthen our sales and operations in our main target markets. In addition, we are bringing new AI-vision-based skills to robot arms,…
Found in Robotics News & Content, with a score of 0.78
January 11, 2024
…Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board. Burro is an autonomy company building the future of work outdoors. The company was founded in 2017 and began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Today, Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and…
Found in Robotics News & Content, with a score of 0.82
September 05, 2023
…led Mujin's Series C round, along with Pegasus Tech Ventures in Silicon Valley, 7 Industries in the Netherlands, corporate investor Accenture, and angel investor Dr. James Kuffner. Kuffner was Diankov's advisor during his Ph.D. program at Carnegie Mellon University and is now CEO of Woven by Toyota. “This Series C funding is a significant milestone for Mujin, a company that has pioneered intelligent automation technology since 2011,” said Kuffner. “Mujin can accelerate and expand its delivery of truly state-of-the-art advanced industrial robotic solutions to customers globally, strengthening its position as the technology market leader.” SBI Investment stated: “We are very…
Found in Robotics News & Content, with a score of 2.22
August 29, 2023
…community, but we’ve also seen the positive results our AI and technology have on the older adult population,” stated Dor Skuler, co-founder and CEO of Intuition Robotics. “Beyond the groundbreaking results in reducing loneliness—ElliQ is also seeing an impact on health, wellness, and behavior change.” Founded in 2016, Intuition Robotics said it designed ElliQ to proactively help keep users healthy, engaged, and informed, while alleviating the effects of social isolation. The Ramat Gan, Israel-based company has been recognized for its work with ElliQ, including with Fast Company’s “Most Innovative Companies” and the CES “Best of Innovation” awards. ElliQ addresses loneliness…
Found in Robotics News & Content, with a score of 1.21
August 24, 2023
…legacy technology and repurposed for the monumental task of AI perception processing for autonomous mobility, Recogni's system is purpose-built to overcome compute and power-efficiency barriers,” said the company. Scorpio is the world's first 1,000 TOPS (thousand trillion operations per second or Peta-Op) inference system for autonomous vehicles, claimed Recogni. It is scalable from 500 and 1,000 TOPS to 2,000 TOPS at the highest capacity per Watt in the market, with the lowest latency and zero jitter, it claimed. The Pegasus PCIe (Peripheral Component Interconnect Express) card can process up to four 8-megapixel cameras to provide front and surround views, according…
Found in Robotics News & Content, with a score of 10.14
August 07, 2023
…taxicabs are advancing worldwide, particularly in Asia. Last week, Pony.ai Inc. held a joint venture signing ceremony today with Toyota Motor (China) Investment Co. and GAC Toyota Motor Co. The three parties said they will work together toward mass production and large-scale deployment of fully self-driving robotaxis. Founded in 2016, Pony.ai said its goal is “to bring safe, sustainable, and accessible mobility to the entire world.” The Fremont, Calif.-based company, which raised Series D funding last year, has been rapidly extending its autonomous vehicle technologies at multiple sites. Pony.ai said its systems have driven more than 24 million km (14.9…
Found in Robotics News & Content, with a score of 1.31
June 05, 2023
…to partner with Intuition Robotics and incorporate the groundbreaking AI technology of ElliQ,” she added. “This device does not replace interactions with human caretakers, but it can facilitate communication and focus on what matters to all of us: memories, family and friends, good health, and humor.” ElliQ provides companionship, connection Founded in 2016, Intuition Robotics said ElliQ is a proactive care companion intended to empower older adults to live happier, healthier, and more independent lives at home. The Ramat Gan, Israel-based company said its robotic system can help keep users engaged and informed while alleviating the effects of loneliness and…
Found in Robotics News & Content, with a score of 0.76
April 15, 2023
…could grow extensively in response to similar market needs. AI, technical advances enable humanoids Technical advances in artificial intelligence will also drive growth in the projections for 2023 to 2032. In addition, the report examines the following: Humanoid robot market size by component (software, hardware, and services) Application (search and rescue, education and entertainment, personal assistance and caregiving, public relations, research and space exploration, and others) Motion type (wheel drive and biped channel) Regions, global industry analysis Market share, trends, and forecast for 2023 to 2032 Leading robot providers Noteworthy companies in the humanoid robotics space include Qihan Technology Co.,…
Found in Robotics News & Content, with a score of 0.54
December 07, 2022
…Best of Innovation award. Investors in Intuition Robotics include Toyota Ventures, Samsung NEXT, iRobot, OurCrowd, and Terra Ventures, as well as venture capital firms in California, Israel, Japan, and Asia. New hardware, same price for ElliQ Intuition Robotics said its latest hardware improves on the pilot version. It includes user-interface enhancements such as simpler tablet charging, an upgraded screen, and higher-quality, far-field microphone performance. The new design does not affect ElliQ's price, Skuler told Robotics 24/7. “We wanted to continue providing new, elevated experiences for our users, and ElliQ 2.0 is embodiment of our mission,” he said. “The new hardware…
Found in Robotics News & Content, with a score of 1.30
November 15, 2022
…executives Ranpak, JS Capital, Schusterman Family Investments, and Catapult Ventures led Pickle Robot's Series A round. The company has raised a total of nearly $32 million to date. Previous investors that participated in this funding round included Toyota AI Ventures, Third Kind Venture Capital, Hyperplane Ventures, BoxGroup, and Version One Ventures. Omar Asali, chairman and CEO of Ranpak, has joined Pickle’s board of directors as part of the investment deal. “Unloading freight from trucks and containers is a difficult, sometimes dangerous, and always tedious task that is performed in thousands of locations every day,” he said. “Operators around the globe…
Found in Robotics News & Content, with a score of 0.66
August 19, 2022
…Recogni is backed by major automotive companies, including BMW, Toyota Ventures, and Bosch. To date, it has raised $74 million. RK Anand started Recogni back in 2017 and ran it as CEO up until October of last year when he stepped down to become chief product officer. Anand said he planned to help the company focus on taking its technology to market. Recogni’s new CEO, Marc Bolitho, just started last month and previously worked at ZF Group, another technology company working on self-driving vehicle systems. Annad recently sat down with Robotics 24/7 to discuss his company’s products and the underling…
