Found in Robotics News & Content, with a score of 10.17
Third Wave Automation Inc. this week announced the closing of $40 million in Series B funding led by Norwest Venture Partners. The Union City, Calif.-based “shared autonomy” startup said it plans to use the investment to accelerate growth and commercialization efforts. “I've been tracking Arshan [Poursohi, CEO] and the team at Third Wave for some time and have been consistently impressed,” said Matt Howard, general partner at Norwest Venture Partners, who will join Third Wave's board of directors. “When I last visited the Third Wave facility and saw its forklifts easily completing picks and places, my jaw dropped, and I…
Found in Robotics News & Content, with a score of 8.47
Third Wave Automation, which provides high-reach autonomous forklifts, yesterday announced that it has received strategic investment from Qualcomm Ventures and Zebra Technologies. The Union City, Calif.-based company said the latest, unspecified funding brings its total financing to $70 million. Third Wave Automation (TWA) said the investment will enable it to accelerate innovation as its first product expands its select pilot program. It also plans to develop systems to automate other classes of forklifts, including narrow-aisle and counterbalance trucks. “With the strategic investment from Qualcomm Ventures and Zebra Technologies, we look forward to scaling production of our fork trucks, deploying them…
Found in Robotics News & Content, with a score of 7.90
Third Wave Automation, provider of autonomous high-reach forklifts powered by Shared Autonomy, announced the commercial availability of its Armada fleet management system, the central interface for the company’s Shared Autonomy platform. Third Wave Automation offers proactive collision avoidance and tools to minimize the time it takes to address delays that could impact pallet movement and throughput. The Armada FMS enables a single operator to safely and effectively manage multiple TWA Reach and TWA Extended Reach forklifts simultaneously. Operators can execute and monitor workflows, and configure warehouse zones dynamically, all while integrating with other warehouse management systems. Third Wave Automation’s Shared…
Found in Robotics News & Content, with a score of 6.09
Third Wave Automation Inc. and Toyota Industries Corp. today announced a strategic partnership to produce the next generation of intelligent, fully autonomous material handling vehicles. The global materials handling equipment market will expand from $211.8 billion (U.S.) in 2019 to $320.9 billion by 2027, at a compound annual growth rate of 5.4%, predicted Fortune Business Insights. It cited the rapid growth of e-commerce, with consumer spending at nearly $3.5 trillion in 2019 and a year-over-year growth rate of 17.9%. Businesses are turning to automation to meet this demand while keeping production and logistics costs down. “Our strategic development efforts with…
Found in Robotics News & Content, with a score of 4.29
…last week announced the recent approval of Schneider Electric, Third Wave Automation, and Daifuku Wynright's applications to join the MHI industry group. MHI, formerly the Material Handling Industry of America, is an international trade association that has represented the material handling, logistics, and supply chain industry since 1945. Its members include equipment and systems manufacturers, integrators, consultants, publishers, and third-party logistics providers (3PLs). MHI offers education, networking, and sourcing for its members, their customers, and the industry as a whole through programming and events. The Charlotte, N.C.-based association sponsors the ProMat and MODEX expos to showcase the products and services…
Found in Robotics News & Content, with a score of 2.98
…is expanding the capabilities of its Sure Sort warehouse automation to incorporate radio frequency identification, or RFID. The Moorestown, N.J.-based company said RFID capability will help meet client needs and increase operational speed and efficiency. “The expansion to RFID is just another example of how we live our values and principles to listen and be responsive to customers’ needs,” said Alex Stevens, president of OPEX Warehouse Automation. “It is another great tool in our growing portfolio of modular and flexible warehouse automation technology and solutions.” OPEX said it has provided innovative automation for warehouse, document, and mail applications for almost…
Found in Robotics News & Content, with a score of 1.66
…This robotic revolution is propelled by technological advances in automation, engineering, energy storage, AI and machine learning. Already, the number of robots in use worldwide multiplied three-fold over the past two decades, to 2.25 million. Trends suggest the global stock of robots will multiply even faster in the next 20 years, reaching as many as 20 million by 2030, with 14 million in China alone. This increase will be challenging for governments and policy-makers as it will impact the economy, the workplace, and society. As a result of robotization, tens of millions of jobs will be lost, especially in poorer…
Found in Robotics News & Content, with a score of 1.24
…president of the International Federation of Robotics (IFR). “The automation witnessed by the automotive sector and the electrical/electronics industry comes out top here with a market share of 64%.” Within this context, IFR suggested the rapid automation in China represents a unique development in the history of robotics. The number of industrial robots sold increased by 56% alone last year in comparison to 2013. China is the largest and fastest growing robotics market in the world, with significant potential despite the recent economic downturn. Chinese production industries currently have a robotic density of just 36 units per 10,000 employees. In…
Found in Robotics News & Content, with a score of 1.08
…offshore technology. ABB will have system responsibility for electrical, automation, instrumentation and telecom solutions. Arctic Offshore Farming is a Norway Royal Salmon (NRS) project. NRS has received development permits that allow the company a total of up to 5,990 tons of salmon at the fish farm location. Design for Harsh Environment The offshore farm consists of two large fish cages that are placed in the Norwegian Sea outside Troms, in an area where weather and wave conditions are far more demanding than inside the fjords, where traditional farms are located. Placing the farm offshore reduces its environmental footprint, while providing…
Found in Robotics News & Content, with a score of 1.07
…and truck yards to loading docks and last-mile logistics, automation efficiency is welcome at each link in the supply chain. Inflation, the aforementioned supply chain challenges, and a return to brick-and-mortar retail may slow investment in robotics. However, attendance at this year's trade shows and the move from pilots to full-fledged deployments suggest that more robots than ever will be in use during his year's holiday shopping season. MIT develops smarter robots to find things Walk into a physical store, and the product you want may not be on the shelf. You can ask a sales associate to “check in…
Found in Robotics News & Content, with a score of 1.05
…CEO of GreyOrange Inc. The Roswell, Ga.-based company provides automation for warehouses, distribution centers, and fulfillment facilities. Kohli recently spoke with Robotics 24/7 about how robots such as GreyOrange's Certified Ranger Robots (CRN) and software such as its GreyMatter fulfillment orchestration platform can meet growing and shifting market demand. Labor and automation While e-commerce demand accelerated earlier in the COVID-19 pandemic, has it subsided now, or is it still a strong driver for adopting automation? Kohli: It's still a driver. Automation helps hedge against labor shortages, growing demands on the warehouse, and the need for greater safety within the warehouse.…
Found in Robotics News & Content, with a score of 0.91
…integrating its pick-and-place robots with Geekplus Technology Co.'s warehouse automation. The new allies said they will offer businesses a “one-stop solution” and a strategy to boost the return on investment of their autonomous mobile robots, or AMRs, and automated storage and retrieval systems, or ASRS. “At OSARO, our goal is to provide reliable robotic systems that make automation easy, which is why the seamless integration of our picking robots with Geek+ systems is so valuable for quick and easy deployment,” said Derik Pridmore, CEO of OSARO, in a press release. “We’re pleased to have an OSARO-powered robot and Geek+ Sorting…