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…than 50 Fortune 500 businesses. Meituan, a leading e-commerce services platform in China, led VisionNav's Series C+ round. VisionNav said it will use this round of funding on technology research and new product development. It will also optimize product performance with a focus on stability and standardization. VisionNav said it also plans to promote large-scale implementation and localized delivery for…
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…to deliver groceries ordered on Meituan's platform to residents in Xuhui district of Shanghai, which is undergoing a citywide lockdown as of April 1 to fight its worst COVID-19 outbreak yet. Gu added that the company plans to launch HSD, the Haomo Self-Driving fleet, in 2023. Level 4 autonomous delivery vehicle in development. Source: Haomo Fundraising and development continue Bank…
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…Hyundai Robotics, JD.com, Komatsu, and Meituan. “We are extending the powerful Microsoft Azure platform to the intelligent edge,” said Roanne Sones, corporate vice president for Microsoft Azure Edge + Platforms. “Combining Azure’s advanced capabilities with performance and software development tools such as NVIDIA Jetson AGX Orin helps give developers a seamless experience to easily build, deploy, and operate production-ready AI…
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…to rise to 61 billion yuan ($9.5 billion). Chinese companies Alibaba, Meituan, and JD.com said they plan to have more than 2,000 courier robots in use this year between them. Check out the slideshow (right) for five robots helping to keep people safe at the 2022 Winter Olympics.
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…The company has partnered with Meituan, Alibaba DAMO Academy, and Dmall, the on-demand grocery delivery unit of supermarket chain Wumart. Such logistics vehicles are now delivering groceries to residents for Dmall in the district of Shunyi, Beijing and transporting e-commerce parcels at universities for Alibaba in cities such as Wuhan, in Hubei province, and Hangzhou, Zhejiang province. Haomo claimed that…
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…drones, mobile robots, and self-driving cars include Flytrex, DroneUp, Starship Technology, Meituan, and Wayve, among others.
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…Today, SoftBank Vision Fund 2, Meituan, and other investors participated in Gaussian's Series C round. The company did not disclose its current valuation, reported Reuters. In April, Gaussian Robotics raised $100 million in Series B funding. The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 22.8%, growing from $8.9 billion in 2021 to $24.8…
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…ByteDance, Chime, Databricks, DoorDash, Instacart, Meituan, Snap, Snowflake and Spotify. Reliable Robotics to continue growth Reliable Robotics said it plans to expand its aircraft program to additional, larger airframes and demonstrate the versatility of its system. The company also expects to support emerging electric and hybrid electric platforms and eventually passenger aircraft. Since emerging from stealth last year, Reliable Robotics…
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…the world's most funded AI+ industrial robotics startups.” IDG Capital and Meituan led Mech-Mind's Series C1 round, with participation from returning investors Sequoia Capital China and Source Code Capital. Taihecap was an investment bank advisor. Mech-Mind said it serves verticals such as automotive, home appliance, food and beverage, and pharmacy. The company's customers include BMW, DHL, Honeywell, Siemens, and Yaskawa.
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…Russia. Funding to support growth Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings, and Sequoia Capital China jointly led Pudu's Series C2 financing. Taihecap was the independent financial advisor. Pudu Robotics raised $78 million in C1 funding in May and about $77 million in C2 funding. The company said it plans to use its latest investment for research…
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…entrepreneur partners such as JD.com, Meituan, Facebook, LinkedIn, Toast, Stripe, ByteDance, Warby Parker, Flipkart, and DiDi. Tiger Global is based in New York and has affiliate offices in Hong Kong, Beijing, Singapore, and Bangalore. Mobile robot market keeps rolling Mobile robot companies have raised more than $1 billion so far this year. Top deals included GreyOrange's planned $500 million initial…
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…in November 2020. JD Logistics, Meituan, and PAG jointly led its Series B round. Deppon Express, IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds also participated in the investment, and existing shareholders GLP Hidden Hill Capital, CATL, NIO Capital and Eastern Bell Capital actively followed. The company said its autonomous driving freight network has been…
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Meituan Inc., which connects shoppers to local products and services, this week said it has received $400 million from Tencent Holdings Ltd. The Beijing-based company said it plans to invest in autonomous vehicles, aerial drones, and other cutting-edge technologies. In April, Meituan raised $10 billion in a stock and convertible bonds sale. The company serves food delivery, ride-sharing, retail, hospitality,…
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…D round. Chinese Internet provider Meituan and smartphone maker Xiaomi and also participated, as did Citic Private Equity (CPE) Funds Management. Other investors included Baidu, Bosch, Huatai International Private Equity Fund, and ON Semiconductor. Baidu and Xiaomi are working with partners on electric vehicles, and Meituan is developing robots for indoor and outdoor deliveries. In addition, existing investors Lightspeed China…
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…Sequoia Capital China and retailer Meituan-Dianping. They had participated in last year's Series B funding of $30 million. Taihe Capital acted as the exclusive financial advisor. “From the demand side, China's labor supply has entered a long-term contraction cycle,” explained Yeyun Ma, vice president of Taihe Capital. “The service industry, as the scene that needs the most manpower, has become…
From geometry preparation to AI-assisted analysis, integrated CFD workflows…
Software-based GripperAI manages mixed picking through basic geometry
Safety, communication and motion control components enable smooth operation
North America’s largest robotics and automation event winds down
