Found in Robotics News & Content, with a score of 73.92
March 17, 2023
…The company has already established a presence in Asia, ForwardX Robotics Chief Operating Officer Yaxin Guen told Robotics 24/7. The company said it has served over 100 customers, including JD.com, DHL, IKEA, TCL, and Walmart, according to its website. It secured its first U.S. contract in August. Hirocloud, which is based Edison, New Jersey, is using 600 FowardX AMRs as its 50,000 sq ft. facility, according to the news site Industry Today. Founded in 2016, ForwardX has four AMR product lines, including its Flex Series, Max Series, Apex Series, and Conveyor Series. To date, it has raised $109 million, according…
Found in Robotics News & Content, with a score of 65.08
November 17, 2022
…and JD.com on Singles' Day, Nov. 11, according to ForwardX Robotics. In comparision, U.S. consumers spent a total of $19.6 billion across retailers on Black Friday and Cyber Monday in 2021, according to an Adobe report. ForwardX said it helped more than 100 warehouses meet e-commerce demand last week, with its autonomous mobile robots (AMRs) picking over 15 million units. One warehouse using the company's AMRs shipped 6X its average orders on time. Founded in 2016, ForwardX claimed that it is “Asia's largest person-to-goods AMR” provider. The Beijing-based company has more than 250 computer vision scientists and robotics experts and…
Found in Robotics News & Content, with a score of 66.25
August 02, 2022
…autonomous mobile robots, or AMRs, continues to be competitive. ForwardX Robotics Inc. recently announced its first U.S.-based project. The Beijing-based company, which has raised more than $100 million in funding since it was founded in 2016, also recently participated in its first U.S. trade show. “Our results in China, where labor costs are comparatively low, have given us great confidence in what we are able to offer to the rest of the world,” stated Yaxin Guan, chief operations officer of ForwardX. “It’s an exciting time to be in this industry and solve problems that many companies are facing in the…
Found in Robotics News & Content, with a score of 15.18
May 10, 2022
…robotics leaders to drive innovation for 5G and edge AI. They include ADLINK, Akasha Imaging (an Alphabet company), Cyngn, ForwardX, FutureMind, Hyundai Robotics, inVia Robotics, LG Electronics, Microsoft Azure private MEC, ModalAI, Naver Labs, Pudu Robotics, Samsung Electronics, Teledyne Flir, and Thundercomm. “We've had great validation from industry leaders in the ecosystem,” said Singh. Qualcomm is also continuing its work with TDK, which has added its sensor technologies to Qualcomm's latest robotics offerings. The Qualcomm RB5 AMR Reference Design is now available for pre-sale thorugh ModalAI, and the Qualcomm Robotics RB6 development kit is available through Thundercomm.
Found in Robotics News & Content, with a score of 58.03
December 14, 2021
ForwardX Robotics, which develops mobile robots for warehousing and manufacturing environments, today announced that it has raised $31 million in its initial Series C1 funding round. The Beijing-based company said it plans to use the new capital to accelerate its research and development timeline, increase its deployment capabilities in key markets such as the U.S., and expand its sales reach into new markets. “Our latest round of funding contributes to the positive momentum we have been building over the past 24 months,” stated Nicolas Chee, founder and CEO of ForwardX. “With a growing market share across our key territories, we…
Found in Robotics News & Content, with a score of 15.56
September 14, 2021
…for $290 million, Locus' $150 million Series E, and ForwardX's $38 million Series B round. The global market for mobile robots (including automated guided vehicles or AGVs) will experience a compound annual growth rate (CAGR) of 15.34%, growing from $11.4 billion (U.S.) in 2019 to $30.96 billion by 2026, according to Research and Markets. It attributed this growth to increasing demand, labor constraints, and increasingly efficient management software for different industry applications. Similarly, Mordor Intelligence predicted a 15.12% CAGR between 2018 and 2026. It noted growing AMR adoption in the automotive, healthcare, and oil and gas sectors. The biggest mobile…
Found in Robotics News & Content, with a score of 53.61
June 23, 2020
ForwardX Robotics Inc. today announced it will offer its collaborative mobile robots through a robotics-as-a-service, or RaaS, model. While the Beijing-based company will also offer outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to upgrade their facilities without the large upfront investment usually associated with automation projects. “The pressure on supply chains to deliver is growing with every day that passes, and we know how much of an impact our solutions can have on facilities and their processes,” said Paul Qian, vice president of sales at ForwardX Robotics. “With our mission to empower…
Found in Robotics News & Content, with a score of 58.18
March 10, 2020
ForwardX Robotics (Booth 1207) recently launched in the Americas what it claims is the world’s only computer vision-based AMR fleet, which has already been installed in logistics, manufacturing and retail facilities abroad. The company is offering a free two-year warranty and a “Pay When You Achieve ROI” campaign for the turnkey solution, and guarantees 99.5% uptime in 24/7 operations. It uses deep learning and reinforcement learning algorithms to deliver enhanced localization, more accurate obstacle avoidance and more efficient path-planning in dynamic environments by integrating inputs from RGB, RGBD, LiDAR, radar, and ultrasonic sensors. A centralized fleet management system manages robot…
