Found in Robotics News & Content, with a score of 8.86
…reached markets in North America, Europe, South Korea, and Singapore. “We are very optimistic about the future development prospects of Keenon Robotics,” said the company. “By capitalizing on the strong relationships with its investors, Keenon focuses on building long-term value for the company by exploring new markets, trends, and customers.” SoftBank leads round SoftBank Vision Fund 2 led Keenon Robotics' Series D round, followed by CICC ALPHA and Prosperity7 Ventures, the diversified growth fund of Aramco Ventures. China Renaissance was the exclusive financial advisor for this financing. “We believe robotic solutions can have a profound impact across the services industry…
Found in Robotics News & Content, with a score of 8.23
…rapidly growing logistics market.” Founded in 2001, Tiger Global is based in New York, with offices in Hong Kong, Singapore, Bangalore, and Melbourne. Since 2003, the firm’s private equity business has invested in technology companies including Locus Robotics, Facebook, LinkedIn, JD.com, Spotify, Peloton, Instacart, DoorDash, and Waymo.
Found in Robotics News & Content, with a score of 6.83
…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 public offering (IPO), Zebra Technology's acquisition of Fetch Robotics 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…
Found in Robotics News & Content, with a score of 19.50
…set up and use. StockBot takes inventory at Decathlon Singapore. Source: PAL Robotics Decathlon selects StockBot Founded in 1976, Decathlon is a multinational retailer with 1,714 stores in 61 countries. The Lille, France-based, family-owned company was looking for a solution to be able to provide accurate data on stock, as well as save time taken to do stock taking manually, affecting in-store efficiency and productivity. StockBot is easily deployed within different stores because it does not require any layout modifications, said PAL Robotics. Decathlon was able to seamlessly integrate the mobile robot with existing software and RFID tags in store,…
Found in Robotics News & Content, with a score of 7.86
…has partnered with Dorabot Inc. to introduce DHLBot in Singapore and South Korea. The robotic arm uses artificial intelligence to automate parcel sortation. DHLBot will replace manual sortation of small parcels and enable hubs and gateways to handle greater volumes, particularly during peak season. In addition, it can increase overall operational efficiency by at least 40%, claimed DHL. “Sorting parcels might seem like a straightforward process, but it actually takes a lot of time, effort, and precision to ensure that they get to their addressees without a hitch,” said Ken Lee, CEO of DHL Express Asia Pacific. “These innovations, however…
Found in Robotics News & Content, with a score of 6.75
…of our development that a center of this kind represents,” said Rialland. BALYO, which has subsidiaries in Boston and Singapore, offers robots for warehouse applications including palletizing, stacking, and materials handling in very narrow aisles. The company has been listed on EURONEXT since 2017, and its sales revenue reached €21.7 million ($25.7 million) in 2020. BALYO has also partnered with KION (the parent company of Linde Material Handling), Hyster-Yale Group, and most recently Körber AG.
Found in Robotics News & Content, with a score of 9.55
…U.K., the U.S., Japan, China and Hong Kong, and Singapore. Geek+ builds on commercial success In the past two years, Geek+ said it has automated the warehouses of some of the world's best-known brands such as Decathlon, Nike, Circle K, Walmart, and ASDA. The company claimed that it has the largest share of the global autonomous mobile robot (AMR) market with operations in 30 countries. Geek+ plans to continue to strengthen its regional capabilities by teaming up with local as well as global integrators. Building upon its goods-to-person picking robot, Geek+ now offers a wide range of hardware systems. It…
Found in Robotics News & Content, with a score of 14.75
Researchers at Nanyang Technological University in Singapore have developed millimeter-sized robots that can be controlled using magnetic fields to perform highly maneuverable and dexterous manipulations. This could enable applications in biomedicine and manufacturing, they said this week. The team of scientists created the miniature robots by embedding magnetic microparticles into biocompatible polymers—non-toxic materials that are harmless to humans. The robots are “programmed” to execute their desired functionalities when magnetic fields are applied. The robots improve on many existing small-scale robots by optimizing their ability to move in six degrees of freedom (DoF), said Nanyang Technological University (NTU). It defined six…
Found in Robotics News & Content, with a score of 10.26
…are safe, friendly, and secure for users,” he added. Singapore-based Digiland is an investment, operations, consultancy and digital firm that works with governments, foundations, and corporations to develop environmental sustainable projects. It said its goal is to create jobs while providing people with access to clean water, housing, healthcare, and education. Airwayz adds AI to flight management Airwayz said it provides multi-platform software for the control, management, and automation of drone fleet management for various types of missions. The Tel Aviv, Israel-based company uses a cloud-based network and decentralized swarm technology to share flight information and enable operational coordination in…
Found in Robotics Companies & Businesses, with a score of 25.74
…unit of SoftBank Group Corp. has offices in Tokyo, Paris, London, San Francisco, Boston, Shanghai, Beijing, Shenzhen, Hong Kong, Singapore, and Sydney, Australia. More than 35,000 SoftBank Robotics systems, including the Pepper and NAO humanoids and the Whiz cleaning robots, are in use in more than 70 countries. They serve applications in retail, tourism, healthcare, finance, education, facilities management, and cleaning.
Found in Robotics News & Content, with a score of 7.89
…factories. The company, which has subisidiaries in Boston and Singapore, recently also entered into partnerships with KION, the parent company of Linde Material Handling, as well as Hyster-Yale Group Inc. It reported €21.7 million ($26.46 million U.S.) in sales revenue in 2020. Minneapolis-based Körber Supply Chain said it provides a range of supply chain systems for any business size, strategy, or appetite for growth. Körber's supply chain business unit not only delivers software, but also robots, voice technology, and materials handling expertise. BALYO bridges gap beetween MHE, AMRs “Humans around the world deserve enriching, creative jobs,” said BALYO. “We believe…
Found in Robotics News & Content, with a score of 5.01
…constellation, including AI research in France, customer-service robots in Singapore, drones and assistive systems in Israel, marine systems in the Netherlands, and collaborative robot arms and mobile robots from Denmark. And that's not even counting the billions of dollars currently flowing into autonomous vehicle development, with China and the U.S. as early leaders. As each country and region seeks robotics leadership, common themes include technological innovation, manufacturing competitiveness, and the ability to coordinate R&D across academia and industry. While some governments are focused more on healthcare or military applications, the robotics advancements they fund could benefit the entire world.