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Credit: Cobalt robotics Cobalt Robotics has been acquired by investor Dean Drako, and the name of the firm has been changed to Cobalt AI. The post Investor Dean Drako acquires Cobalt Robotics appeared first on The Robot Report. Financial terms of the acquisition were not disclosed.
Path Robotics adds investors Matter Venture Partners and Drive Capital led the round, which also included participation from Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global, and Basis Set. .”
For investors, this wave of tech-driven change means opportunities to tap into growth. The robotics and automation sector is exploding with potential. Industries everywhere – from manufacturing to healthcare – are embracing robots and automation to streamline processes, cut costs, and boost productivity.
Global investors support automation startup “Eureka Robotics was founded in 2018 with the mission of helping factories worldwide automate dull, dirty, and dangerous work, so that human workers can focus on their creative endeavors,” stated Dr. . ” B Capital, a global multi-stage investment firm, led the round.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
MONTRAL With a commitment of up to $20 million US, the Fonds de solidarit FTQ reports that it has become the lead investor in NAMAKOR Holdings, a private equity firm focused on mid-market Qubec companies and business succession.
The funding round included support from investors such as Nobel Laureate Myron Scholes, co-founder of SoftBank VC (SBVC) Gary Rieschel, and Carnegie Mellon University. It said the robot is capable of 1 mm-level accuracy in performing fine motor skills like picking, placing, pressing, twisting, and connecting.
TORONTO — Mastermind Toys, a specialty toy and children’s lifestyle retailer, announced that Stephane Tetrault has made an equity investment in the company. This private transaction establishes Mr. Tetrault as a partner alongside co-owners Joe Mimran and Frank Rocchetti.
“We’re grateful to our longstanding and newest investors for their support in helping us chart a new path for sustainable materials management and resource efficiency.” AMP last month augmented its leadership team with the appointment of Stuart , former chief operating officer for Republic Services Inc.
Modernizing loading and unloading is an enormous problem waiting to be solved, said James Hardiman, general partner at lead investor DCVC. Slip Robotics is driving a level of change in the supply chain industry not seen since the containerization of sea freight.
ARENA’s backing has been pivotal, getting us to a point where we are garnering significant interest from investors, industry and international governments keen to explore how our technology can play a key role in decarbonising hard-to-abate sectors including electricity, industry and fuels,” said Vast CEO Craig Wood.
Investors in the latest round include KDDI, a Japanese telecom operator, and Axon, which develops tasers and other technology for police forces. The extension also included previous investors such as Linse Capital, which currently owns more than 21% of Skydio.
Investors include traditional VCs, corporate players, and AI darlings. At the same time, attracting early-stage investor dollars to build a robotics business is getting increasingly challenging. High profile shutdowns include Zume ($446M raised), PrecisionHawk ($139M), Phantom Auto ($95M), and Ready Robotics ($44M).
Source: Agility Robotics As an early investor in Agility Robotics, now one of the world’s leading manufacturers of humanoid robots, I’ve watched as humanoids have evolved from a fascinating concept to reality over the past five years. Agility Robotics’ Digit humanoid was in trials at GXO.
. “Our investment in advanced robotic technology and the introduction of the new T-Boss 560L and 760L models reflect our commitment to aligning our operations with the needs of our customers and investors,” stated David Shan, CEO of Massimo Motor.
Series A draws additional investors Contoro has combined its AI with a custom gripper, a mobile base, and a KUKA arm. Source: Contoro Robotics As the warehousing and logistics industry faces ongoing labor shortages and rising costs, investors are looking for scalable, commercially viable approaches to robotics.
We are thrilled to have the backing of world-class investors as we accelerate our mission to transform industrial inspections through autonomous robotics, stated Dr. Pter Fankhauser , co-founder and CEO of ANYbotics. “Existing investors gave us credibility. . “Existing investors gave us credibility.
The round was led by Ndarra Ventures and backed by a consortium of all-Canadian investors, including new investors BDC Thrive Lab, Cycle Momentum, The51 Food & AgTech Fund and Fonds d’investissement Eurka, through Hidden Layers Capital.
Investors look ahead to U.S. hybrid fleet Elad Gil led Saronic’s Series C round, which included participation from new investor General Catalyst. Existing investors including a16z, Caffeinated Capital, and 8VC also participated. ” Register today to save 40% on conference passes!
Investments Robotics investments should come from venture capital firms, corporate investment groups, angel investors, and other sources. In addition, information comes from sessions at conferences and seminars, as well as during private interviews with industry representatives, investors, and others.
Since 2018, Patricia Industries, part of Investor AB, has owned Piab. With annual sales of around $175 million, 650 employees, and a global presence in more than 100 countries, Piab said it helps its customers improve their operations daily. Register today to save 40% on conference passes!
Physical Intelligence thanked its investors on its website : “We are grateful for the support and partnership of Khosla Ventures, Lux Capital, OpenAI, Sequoia Capital, and Thrive Capital.” Jeff Bezos, executive chairman of Amazon , led the company’s latest funding round, along with Thrive Capital and Lux Capital.
Past investors include Alibaba Group, Shangqi Capital, and Lenovo Capital. Source: LimX Dynamics Funding still flowing to humanoids In July 2024, LimX also known as Zhuji Dynamics, raised unspecified Series A funding. It has raised $27.5 million to date, according to Crunchbase. million.
CMR expects to continue rapid growth All of CMR Surgical’s existing major investors participated in its latest funding round. “I would also like to thank our investors for their continued support and look forward to delivering sustainable growth and life-changing solutions to the global healthcare community.
We are thrilled to announce that Novarc has secured significant additional funding, with the majority coming from our existing investors. Seaspan is a strategic partner of Novarcs and has been an investor since 2017. This investment is part of Seaspans value proposition commitment under Canadas National Shipbuilding Strategy.
New investors included Rethink Food, Allison Transmission, and Black Forest Ventures. Once the task is completed, the app provides performance reports so farmers can optimize operations in the future. Mobile automation gets funding fuel Autotech Ventures, a mobility venture fund, led the round.
Organizations that prioritize ESG often experience significant operational efficiencies, better risk management, and increased appeal among consumers and investors who value sustainability. Designate Your Company as a Companies to Action to enhance exposure to investors, M&A opportunities, and other growth prospects.
is facing a class-action lawsuit from shareholders who allege the company misled investors and misrepresented its financial health, leading to artificially inflated stock prices. hid facts and details about its order book and production capacities from investors. Quebec-based electric-vehicle manufacturer Lion Electric Co.
While pure-play robotics firms have long captured investor enthusiasm think Fanuc or iRobot most robotics businesses remain buried inside sprawling conglomerates. But for […]
The New York-based company said a group of strategic and financial investors has backed its vision of reimagining how the world handles outdoor work one season at a time. . | Credit: Yarbo Robots could be coming to backyards near you soon. Yarbo last week said it has closed its Series B funding round, raising about $27 million.
” In addition to receiving funding from a group of prominent investors, the company also received an investment from the Innovation and Technology Venture Fund under the Innovation and Technology Commission of the Hong Kong Special Administrative Region Government.
I’m watching them be entrepreneurs, watching them be informed investors, watching them buy homes, watching them understand how to pay it forward. Whatever you think they can do, multiply it by 100 and expect that. We've had multiple kids start their own businesses or take over family businesses.
” Investors to accelerate ANELLO Lockheed Martin, Catapult Ventures, and One Madison Group co-led ANELLO’s unspecified Series B round. “That’s exciting for drones and maritime.” “Our continued investment in ANELLO reflects our mission to accelerate technologies that can ultimately benefit national security.”
The round saw participation from new investor EBRD Venture Capital alongside existing investors Pavel Baudiš and Eduard Kučera (founders of Avast), Miroslav Trnka (founder of ESET), Maximilian Kolowrat-Krakowsky, and Juraj Duriš. “We
As an investor at J Moon Ventures, he focuses on “physical AI” startups – those combining hardware, electronics, and AI in areas like robotics, IoT, and 3D printing. Overall, Jasmeet brings a unique perspective as an investor with deep technical expertise and operational experience in robotics.
Existing investors Speciale Invest, Infoedge (Redstart) and others also participated in […] Cybernetics Laboratory (CynLr), which describes itself as an “Indian deeptech robotics startup”, has raised $10 million in a fresh round of Series A funding led by Pavestone and Athera Venture Partners (formerly Inventus India).
The report highlights that three out of four companies say they feel pressured by customers, investors, and even their own workforce to operate more sustainably. This one from PLM and Digital Thread developer Aras called “Spotlight on the Future 2024,” focuses on sustainability.
This has implications for startup founders and investors, which Ill attempt to distill into a few recommendations. Startups and investors are attempting to triangulate the next applications that can achieve this level of alignment between robotic capabilities and market needs. The post When will we get the ChatGPT of robotics?
It included Triatomic Capital and returning investors. It closed a $9.2 million extension in April 2024 that was led by UP.Partners and included Trousdale Ventures and F-Prime Capital. The second, $7 million extension closed this week and was also led by UP.Partners. Teleo has raised $29.8
Vogt posted to LinkedIn that the company has already raised $150 million from investors, but he didn’t give many details of its plans for service or household robots. Source: WTWH Media Kyle Vogt, the co-founder and former CEO of autonomous vehicle developer Cruise LLC, has launched a new startup: The Bot Company.
We are deeply grateful to our incredible investors, who continue to challenge and guide us in shaping our business model and strategy.” Competing startups receive a free booth on the expo floor, can schedule one-on-one meetings with investors, network with thousands of industry colleagues and more. 9 to be considered. In the U.S.,
Fiber-reinforced composites manufacturer ARRIS has raised $34M from new and returning investors, including ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG).
Now were seeing investors and developers outcompeting each other for the chance to deliver even more of the cheapest form of energy for Western Australia this decade. The Albanese Governments plan is working – renewable investment into our energy grid is at record levels, said minister of Climate Change and Energy Chris Bowen.
This latest funding infusion follows previous investments of $3 million and includes the addition of new strategic investor Finindus , who joined after receiving clearance from the Committee on Foreign Investment in the United States (CFIUS). Previous investors in the round include 412 Venture Fund , AM Ventures , and M7 Holdings.
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