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…that public markets have constricted SPAC [special-purpose acquisition company] activity, that has created anxiety among startups that relied on that interest. The autonomous vehicle space is in [Gartner's] 'trough of disillusionment' right now.” Mitchell said that some startups have mismanaged expectations, similar to Burnstein's point about applications. “Is making salad or pizza the most economical use case?” he asked. “Many…
Found in News and Content
…$2.1 billion special-purpose acquisition company (SPAC) merger in February 2021 and began trading on the New York Stock Exchange a year ago. In April, the company acquired Teton Simulation Software. It has more than 400 employees worldwide, including three sites in Massachusetts. Markforged plans to soon move its headquarters to a bigger building in Waltham, Mass. Markforged builds technology for…
Found in News and Content
…is a special-purpose acquisition company (SPAC) sponsored by an affiliate of SoftBank Investment Advisors (SBIA), which has invested more than $175 billion in leading technology companies. They include AutoStore, Berkshire Gray, JD Logistics, and Uber. The business combination was approved at a special meeting of SVFC shareholders held on June 3. As a result of the transaction, the combined company…
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…merger with special-purpose acquisition company (SPAC) SVF Investment Corp. 3, a SoftBank unit, and plans to be publicly listed on Nasdaq. It filed an S-4 registration statement, a final proxy statement, and an SVF prospectus with the U.S. Securities and Exchange Commission (SEC) on May 9. Walmart to accelerate materials handling with robots Each week, approximately 220 million customers and…
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…altogether. Yet ETFs, CAGR, and SPACs are just as important as AI, AMRs, or ASRS. What do investors look for in robotics startups, and how can users identify promising or maturing technologies? Rahul Sen Sharma, managing partner at Indxx, has been following robotics, automation, and artificial intelligence with those questions in mind. Founded in 2005, Indxx provides client and custom…
Found in News and Content
…as financial advisor to Sarcos, which merged with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. last year. Blank Rome LLP and Cherin Law Offices P.C. acted as legal counsel, and Stifel, Nicolaus & Co. acted as financial advisor to RE2.
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…Nauticus Fleet. Source: Nauticus Robotics Post-SPAC deployment In December 2021, Nauticus and CleanTech Acquisition Corp. (CLAQ), a special-purpose acquisition corporation (SPAC), entered into a definitive business-combination agreement that would result in Nauticus becoming a public company. CleanTech formed in January 2021 with the intention of merging with one or more businesses. CleanTech Sponsor I LLC and CleanTech Investments LLC, an…
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…traded special-purpose acquisition company, or SPAC, last week announced it is entering a business agreement with ICONIQ Holding Ltd., a maker of autonomous electric vehicle technologies that does business as NWTN. NWTN said it is a green mobility technology company focused on what it called SPVs for “smart passenger vehicles.” Alan Wu is the founder and chairman of the company.…
Found in News and Content
…and special-purpose acquisition companies, or SPACs, were all the rage. Occasionally, however, some deals don't work out. Integrity Implants Inc., which does business as Accelus, last week said that it and CHP Merger Corp. have mutually agreed to terminate a business combination agreement “as a result of market conditions.” “In light of market conditions, we believe that this strategic pivot…
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…from Cepton's special-purpose acquisition company (SPAC) partner Growth Capital Acquisition Corp., also participated. They were joined by Cepton team members and representatives from strategic partners, investors, and advisors. Cepton said it is focused on mass-market commercialization of high-performance lidar products. It has a center of excellence in Troy, Mich., to provide local support to OEMs and Tier 1 automotive suppliers…
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…IPO 4/7//2021 Aurora Pittsburgh 1,000 SPAC 7/15/2021 Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Nuro Mountain View, Calif. 600 Series D 11/2/2021 Public rides now available GM and Cruise employees have been testing the autonomous vehicles, which have individual names like Sourdough, Tostada, Poppy, and Disco.…
Found in News and Content
…Corp., a special-purpose acquisition company (SPAC). It also opened new headquarters and an innovation center in Bedford, Mass. The company said its latest orders reinforce its ongoing commercial momentum. Berkshire Grey listed the following accomplishments from 2021: Increased orders by $84 million, bringing total orders since inception to $200 million Doubled the number of customers year-over-year, including initial orders with…
Found in News and Content
…is a special-purpose acquistion company (SPAC) led by Akis Tsirigakis and George Syllantavos, co-CEOs. The New York-based firm will hold the special meeting at 10:00 a.m. Eastern Time on Feb. 9, 2022. Founded in 2016, Cepton said its leadership includes industry veterans with decades of collective experience across a wide range of advanced lidar and imaging technologies. The San Jose,…
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…is a special-purpose acquisition company (SPAC) formed in January 2021 that trades on NASDAQ as “CLAQ.” CleanTech Sponsor I LLC and CleanTech Investments LLC, an affiliate of Chardan, are the founders and co-sponsors of CLAQ. Upon closing of the transaction, CLAQ will be renamed Nauticus Robotics Inc., and the combined company is expected to remain listed on NASDAQ under the…
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…merge with special-purpose acquisition company (SPAC) Reinvent Technology Partners Y for $1 billion and be publicly traded. It released a beta version of its Aurora Driver autonomy platform in October. San Francisco-based Uber Freight said it is a logistics broker “that connects shippers with one of the world's largest digitally-enabled carrier networks.” It is a unit of Uber Technologies Inc.,…
GENISOM AI makes ICRA debut at conference in Vienna
World's first omni-modal evaluation including tactile sensing for…
Ultrasonic sensing enhances robotics perception
Cybernetix Ventures’ event kicks off Robotics Tech Week 2026 slate of events
