Found in Robotics News & Content, with a score of 40.89
…event. With 1,054 exhibitors, about 300 of which were robotics suppliers, even Robotics 24/7 was hard-pressed to see it all. Companies at booths and in sessions reported strong attendance, especially on Tuesday and Wednesday of the four-day event. MHI tallied a total of about 50,000 visitors to McCormick Place. There may have been fewer ground-breaking innovations at this year’s ProMat, and the mood was subdued in comparison to MODEX 2022, the first big trade show after the worst of the COVID-19 pandemic. This was likely the result of recent layoffs and the meltdown of Silicon Valley Bank earlier in March.…
Found in Robotics News & Content, with a score of 31.40
…financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. “With this new round of funding, we are well-positioned to broadly deploy our autonomous logistics solutions to power safer and more efficient global supply chains and industrial yards,” said Heidi Wyle, founder and CEO. “Our autonomous vehicles have industrial-grade precision in everyday operating environments and are already successfully in use. We have the potential to revolutionize goods transportation and are excited to be working with partners…
Found in Robotics News & Content, with a score of 49.18
CHICAGO—At ProMat 2023 here last week, Plus One Robotics Inc. demonstrated its parcel-handling robots for warehouses, as well as an opportunity for attendees to “race the robot” in a pick-and-place process in virtual reality. The materials handling conference came after an eventful time for technology startups like Plus One, with layoffs and the failure of Silicon Valley Bank. Robotics 24/7 sat down with Erik Nieves, the founder and CEO of Plus One Robotics, to discuss his observations about ProMat and how the San Antonio, Texas-based company has weathered recent economic challenges. Plus One Robotics at ProMat How have ProMat attendees…
Found in Robotics News & Content, with a score of 25.98
…which are not yet automated, get started with them? Robotics 24/7 chatted with Dr. Bernard Casse, founder and CEO of RIOS, about rethinking business models as capital becomes scarce and how the robotics-as-a-service (RaaS) model can enable robot adoption. Do your due diligence Even before Silicon Valley Bank's problems, robotics suppliers and users were complaining about a lack of capital. What does that mean for the industry? Casse: VCs [venture capitalists] are becoming risk-averse. 2023 may have a recession, and investors want to figure out which companies are category leaders. Bernard Casse, RIOS That's a shift from the mindset of…
Found in Robotics News & Content, with a score of 32.04
Reliable Robotics celebrated the opening of its new engineering and development center in Mountain View, Calif. last week. Congresswoman Anna Eshoo, top local elected officials, and representatives from the National Aeronautics and Space Administration (NASA) and Federal Aviation Administration (FAA) attended the ribbon-cutting ceremony yesterday. Congresswoman Eshoo, and California State Senator Josh Becker shared remarks during event and highlighted innovation in the region. Reliable Robotics said it is designing advanced autopilot systems with high-precision navigation that will enhance aviation safety by enabling all-weather auto-taxi, auto-takeoff, and auto-landing, without new ground infrastructure. It said its vision is to transform the way…
Found in Robotics News & Content, with a score of 26.06
…showcase the research taking place at its headquarters in Silicon Valley. During the TRI Expo, Gil Pratt, the company’s CEO and chief scientist at Toyota Motor Corp., explained the institute's approaches to challenges including aging populations, climate change, and human understanding. “In the 1930s, Toyota made a huge leap by expanding from manufacturing textile looms to building cars,” said Pratt. “TRI’s mission is to discover the next technological leap that will transform Toyota’s business.” “We are explorers researching ways to make cars better, but we’re also discovering what mobility may mean beyond cars,” he added. “We believe that our high-risk,…
Found in Robotics News & Content, with a score of 35.18
…other industry leaders.” “This is a space for the robotics community at large to learn and advance the state of the art in robot operations,” he added. “It’s also a place for everyone else—from kids to older adults—to experience how robots can help with everyday chores.” InOrbit addresses RobOps needs “Amazon is adding about a thousand robots a day,” according to Cathie Wood, chief investment officer and CEO of Ark Invest, as reported by CNBC. “If you compare the number of robots Amazon has to the number of employees, it’s about a third,” she noted. “And we believe that by…
Found in Robotics News & Content, with a score of 27.77
…partnered with upcoming releases. Kubota makes bet on Bloomfield Robotics Kubota also announced this week that it has invested in Bloomfield Robotics in a partnership with Oeneo, a manufacturer of wine-making tools. Bloomfield Robotics develops AI-powered plant imaging technology. The company said its mission is to “make every farm vehicle a continuous data collection platform that assesses the health and performance of every plant in the specialty crop space by providing plant-level insights to help growers make more informed management decisions.” Koji Hasegawa, Kubota Corp’s GM of Innovation Center Silicon Valley, said the partnership will help spur more technological development…
Found in Robotics News & Content, with a score of 20.98
…according to Andra Keay, founder and managing director of Silicon Valley Robotics. In addition, the Santa Clara, Calif.-based firm has worked with companies such as Dusty Robotics, which has developed mobile robots to accurately transfer building plans to floor markings on construction sites. Dusty Robotics raised $45 million in Series B funding in May 2022. Vicor provides power density “We started out six or seven years ago,” said Ted Larson, CEO of OLogic. “We were working on the Knightscope security robot when Bob Conn [senior engineer] came over from Xilinx. He had been using Vicor power for years in data…
Found in Robotics News & Content, with a score of 19.56
Locus Robotics Corp. today announced that it has obtained more than $117 million in Series F funding. The maker of autonomous mobile robots, or AMRs, for fulfillment and distribution centers has added investors to its board of directors as it continues its global expansion. “This new round of funding marks an important inflection point for Locus Robotics as we look toward our next stage of growth, and we strategically chose to bring in investors with a wealth of experience in both public and private markets to advise us as we continue our journey,” stated Rick Faulk, CEO of Locus Robotics.…
Found in Robotics News & Content, with a score of 26.34
…Sean Hsu, founder and CEO of Botrista, spoke with Robotics 24/7 about how his company approached restaurant robotics. Getting into robotic restaurants How did you come into food and beverage automation? Sean Hsu, Botrista Hsu: I've been a serial entrepreneur since 2009, and I sold my first company in 2011. I was then at Tesla from 2013 to 2018. As for food and beverage experience, I understand small and midsize businesses [SMBs], including the pain points of hiring, training, and retention. How has Botrista's growth gone? Hsu: We started the company four and a half years ago to develop automation…
Found in Robotics News & Content, with a score of 30.20
…with Sycodal, a Quebec-based automation integrator, to bring adaptive robotic technology to the Canadian market. Sycodal has over 30 years of experience in the distribution and manufacturing of control systems and specializes in new technology integration and production equipment servicing. With an in-depth knowledge of 80s, 90s and 2000 control systems, a dedicated repair shop, and expertise in new technology integration, Sycodal said it delivers high-quality products and services. As part of Flexiv’s continued expansion into North America, this latest partnership will enable Canadian companies to take full advantage of an adaptive robot’s efficiency, flexibility, customizability, and ease of use,…