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…B round. Bridgestone Americas and BMW i Ventures previously invested in the company. Cowen served as exclusive placement agent to Kodiak Robotics. Kodiak Robotics said it will use the Series B funds over the next 12 months to double employee headcount by adding at least 85 people to its team. The company will also expand autonomous service capabilities from coast…
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…require supervised deep learning. Source: BMW i Ventures Funding and partners Temasek, a Singapore-based global investment company, led Autobrains' Series C round. New investors included automotive player Knorr-Bremse AG and Vietnamese car manufacturer Vinfast. Existing investor BMW i Ventures and long-term strategic partner Continental AG also participated. “Autobrains has tested its technology with hundreds of engineers and millions of miles…
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…units to Chinese OEM FAW. Kodiak also recently announced investments from BMW i Ventures and Bridgestone Americas, as well as a collaboration with Bridgestone regarding smart tire sensing technologies. The company said it “aims to build the world's most efficient, reliable, and respected end-to-end delivery solution” and it has begun driverless testing of its autonomous system.
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…home appliance, food and beverage, and pharmacy. The company's customers include BMW, DHL, Honeywell, Siemens, and Yaskawa.
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…to workers. For instance, the BMW plant in Spartanburg, S.C., uses cobots to assist employees in moving and carrying car parts. This minimizes the risk of injury and employee strain from handling heavy materials. With the assistance of cobots, the automotive plant managed to boost worker safety and eliminated the need for employees to do physically exhausting tasks. Collaborative robots…
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…its interoperable system in a joint project of five automakers, including BMW, Ford, Mercedes-Benz, Jaguar-Land Rover, and Cariad, a technology subsidiary of Volkswagen Group. The project also includes four technology vendors: Unikie, Bosch, Valeo, and Continental/Kopernikus. Unikie said it is working with multiple OEMs to validate its technology, and it expects the first production installations during 2022.
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…safety across a range of industries and applications. Its customers include BMW, Mercedes-Benz, Chattanooga Department of Transportation, and Emart. Seoul Robotics has offices in Seoul, South Korea, as well as Silicon Valley, Munich, and Detroit and is backed by leading global financial institutions. It raised $12 million in a bridge round of investment from the Korea Credit Guarantee Fund earlier…
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…customers and OEMs such as BMW. AWS offers over 125 fully featured services for compute, storage, databases, networking, and more. DXC Luxoft and AWS said their automotive experience will enable safe integration and transformation of toolchains, technologies, and processes. The companies added that Robotic Drive on AWS will use several native services for different components catering to various use cases…
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…the round, with participation from BMW i Ventures, Kensington Capital Partners, Perot Jain, and Ironspring Ventures, as well as existing investors. Whitney Rockley of McRock Capital and Toshi Otani of Translink Capital will join Plus One's board of directors. “The Plus One team has done an excellent job aggressively growing its business over the past two years,” said Rockley. “Their…
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…Milan Nedeljković, member of the BMW AG's management board, how a photorealistic digital twin of a manufacturing facility can help plan for a “factory of the future.” “These new innovations will reduce the planning times, improve flexibility and precision, and at the end produce 30% more efficient planning,” said Nedeljković. Omniverse Enterprise includes the Omniverse Nucleus server, which manages the…
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…as in the case of BMW and Idealworks.” As the market develops, some companies will pull ahead and begin to dominate the space, which is currently very fragmented. Robotics vendors will attempt to move up the value chain, while also creating a powerful platform for smaller companies to coalesce around, said ABI. “Gradually, this will result in increased efficiencies and…
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…organizations such as Audi, Apple, BMW, Ford, Garmin, GM, Jaguar, Land Rover, Mercedes-Benz, Peugeot, Sygic, TomTom, Toyota, and Volkswagen. Parkopedia is available in 15,000 cities across 89 countries globally, covering over 70 million parking spaces. Parkopedia said it helps drivers find the closest, cheapest, or available parking to their destination; pay in selected locations; and navigate directly to the parking…
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…before the COVID-19 shutdowns began), BMW Group tickled the automotive enthusiasts’ fancy with a demo of the BMW i Interaction EASE, a concept car for the future. Part of the “wow” factor was its use of the panoramic windshield as an augmented reality (AR) display. “It can show additional information on the windscreen that is tailored to the situation at…
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The BMW Group officially opened its new Additive Manufacturing Campus in Munich. The new facility will combine production of prototype and series parts, along with research into new 3D printing technologies, and associate training for the global rollout of toolless production, the company says. The campus, which cost €15 million, will allow the BMW Group to “develop its position as…
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…“Many of our customers, like BMW and Bosch, have a global presence and we can serve more of their needs with a global network. Our AI-driven algorithms and intelligent sourcing platform give us a competitive advantage as we expand across new geographies and manufacturing technologies.” “We are thrilled to join the Xometry team,” says Albert Belousov, Shift co-founder and managing…
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